Austria-Economic and political outline

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Published: 06 Oct 2008 17:35:14 PST

Economic indicators

GDP Indicators	2004	2005	2006	2007	2008
GDP (billions USD)	293.605	305.621	323.828	366.719	389.753
GDP (constant prices, annual % change)	2.3	2	3.3	3.3	2.5
GDP per capita (USD)	35916.12	37120.145	39190.193	44308.259	47014.338
General government balance (in % of GDP)	-1.3	-1.7	-1.2	-0.8	-0.6
Inflation rate (%)	2	2.1	1.7	1.9	1.9
Unemployment rate (% of the labor force)	4	4
Current Account (billions USD)	4	4
Current Account (in % of GDP)	4.965	6.426	10.338	13.714	14.281

Source: IMF - World Economic Outlook Database

Note: (e) Estimated data

Breakdown of economic activity by sector	Agriculture	Industry	Services
Value added (annual % change)	7.704402	3.520762	1.764757
Value added (in % of GDP)		30.32	67.80
Employment by sector(in % of total employment)	13%	22.4%	64.5%

Source: - last available data.

Foreign trade indicators	2002	2003	2004	2005	2006
Imports of goods (millions USD)	70079.73	88480.44	109019.8	113806	133660.6
Exports of goods (millions USD)	73667.46	89621.7	112070	117233.2	134301.7
Imports of services (millions USD)	34995.69	41260.94	46737.31	49106.89	32398.29
Exports of services (millions USD)	35386	42964.25	49153.18	53920.76	45201.79
Imports of goods and services (annual % change)	0.177621	5.628827	6.18872	4.750646
Exports of goods and services (annual % change)	3.533535	2.291939	8.974778	6.522687
Trade Balance (millions USD)	3587.734	1141.253	3050.172	3427.218	641.0913
Current Account (millions USD)	565.0259	-638.2776	1381.894	4252.056	10258.89
Foreign trade (in % of GDP)	92.6338	93.17899	97.09335	100.9945	93.17899
Imports of goods and services (in % of GDP)	43.91355	44.81224	46.09992	47.79488
Exports of goods and services (in % of GDP)	48.72025	48.36675	50.99342	53.19967

Source:

To see more products: More imports (Intracen Data)
More exports (Intracen Data)

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Executive Power
Legislative Power
Main political parties: The major political parties in the country are: OVP (the conservative People's Party), SPO (Social Democratic Party), FPO (the right-wing Freedom Party), and the Greens. OVP finds support from farmers, large and small business owners and some Catholic groups, mostly in the rural regions of Austria; while as the SPO traditionally draws its constituency from blue- and white-collar workers.
Current political leaders: President: Heinz FISCHER (since July 2004) – SPO
Chancellor: Alfred GUSENBAUER (since January 2007)-Spoe
Next election dates: Presidential election: April 2010
National Council election: In the fall of 2010-2011