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Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Following several years of solid foreign demand for Austrian exports and record employment growth, the international financial crisis and global economic downturn in 2008 led to a recession that persisted until the third quarter of 2009. Austrian GDP contracted 3.6% in 2009 but it will probably see positive growth of nearly 2% in 2010. Unemployment has ...  More..

Economy of Austria
SOURCE: CIA - The World Factbook
Currency Euro
GDP (PPP) $323.1 billion (2009 est.)
GDP (per capita) $39,400 (2009 est.)
Exports $129 billion (2009 est.)
Imports $136 billion (2009 est.)
Main Industries Construction, Machinery, Vehicles and Parts, Food, Metals, Chemicals, Lumber and Wood Processing, Paper and Paperboard, Communications Equipment, Tourism
Exports - Commodities Machinery and Equipment, Motor Vehicles and Parts, Paper and Paperboard, Metal Goods, Chemicals, Iron and Steel, Textiles, Foodstuffs
Imports - Commodities Machinery and Equipment, Motor Vehicles, Chemicals, Metal Goods, Oil and Oil Products; Foodstuffs
Exports Partners Germany 28.9%, Italy 8.4%, US 4.2%, Switzerland 4.1% (2008)
Imports Partners Germany 43.6%, Italy 6.9%, Switzerland 5.1%, Netherlands 4.1% (2008)

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