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Austria

Facts and stats about Austria

jaacosta47

Author: jaacosta47

Austria is a relatively quiet nation but it is one of the 12 wealthiest countries in the world when it comes to Gross Domestic Product. It has a fully-developed social market economy and high living standards. A lot of privatisation has taken place after the eighties which decreased government holdings to a point which is similar to other economies in the European Union. Labour movement is strong in this country and casts a dominant effect on labour politics. After a well-developed industry, international tourism is the most essential component of Austria’s national economy.

It has been forecasted by the Austrian National Bank that the export-dependent economy will continue to achieve impetus during the first six months of 2014 as it gets out of stagnation that persisted until the middle of last year. Increasing exports helped the economy expand by 0.3 percent in the fourth quarter compared to the previous quarter.

However, Austria has to cope with environmental pressures because of rapid urbanization and expansion of road transportation. Developments in the world economy are testing Austria’s resilience in global industry production chains. The country’s relative advantages in medium technology activities are being threatened by catch-up economies.

Germany is Austria’s major trading partner. Thus, it is also affected by changes in the German economic scene. However, it is also close to other EU countries being a member-state of this organisation. There is a need for modernisation of corporate governance and opening of the service sector to competitive forces. It also calls for modification of the education system to meet the escalating demand for workers with solid and competent skills which are developed through constant learning.

8.22 million

Population. Ranked 94th in 2013.

$47,226.20

GDP per capita. Ranked 11th in 2012.

Borders

Czech Republic 362 km, Germany 784 km, Hungary 366 km, Italy 430 km, Liechtenstein 35 km, Slovakia 91 km, Slovenia 330 km, Switzerland 164 km
Largest city Vienna - 1,600,000
Capital city Vienna - 1,600,000
Major language German
Major religion Christianity
Monetary unit euro
Alternative names Republic of Austria, Republik Oesterreich, Austria, Oesterreich
Groups Catholic countries, Christian countries, Cold countries, Europe, European Union, Eurozone, Heavily indebted countries, High income OECD countries, Landlocked countries, Non-religious countries, Tourist destinations, Western Europe, World

Interesting observations about Austria

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Austria is a relatively quiet nation but it is one of the 12 wealthiest countries in the world when it comes to Gross Domestic Product. It has a fully-developed social market economy and high living standards. A lot of privatisation has taken place after the eighties which decreased government holdings to a point which is similar to other economies in the European Union. Labour movement is strong in this country and casts a dominant effect on labour politics. After a well-developed industry, international tourism is the most essential component of Austria’s national economy.

It has been forecasted by the Austrian National Bank that the export-dependent economy will continue to achieve impetus during the first six months of 2014 as it gets out of stagnation that persisted until the middle of last year. Increasing exports helped the economy expand by 0.3 percent in the fourth quarter compared to the previous quarter.

However, Austria has to cope with environmental pressures because of rapid urbanization and expansion of road transportation. Developments in the world economy are testing Austria’s resilience in global industry production chains. The country’s relative advantages in medium technology activities are being threatened by catch-up economies.

Germany is Austria’s major trading partner. Thus, it is also affected by changes in the German economic scene. However, it is also close to other EU countries being a member-state of this organisation. There is a need for modernisation of corporate governance and opening of the service sector to competitive forces. It also calls for modification of the education system to meet the escalating demand for workers with solid and competent skills which are developed through constant learning.

Posted on 28 Mar 2014

jaacosta47

jaacosta47

425 Stat enthusiast

0

Christianity is the catch-all phrase used to describe religions based on the beliefs that Jesus Christ is the son of God; that his life, crucifixion, resurrection and ascension to heaven are proof of God’s love for humanity and forgiveness of sins; and that by faith in Jesus people may attain salvation and eternal life. Christianity’s holy text is the Bible, especially the New Testament, but the Old Testament is also considered as sacred scripture.

Over its 2,000 year history, the church has been divided into three broad divisions: Roman Catholic, Eastern Orthodox and Protestant. There are further divisions within these three categories, with Protestantism claiming a particularly large number of different denominations.

So, it is correct to say that the main religion of Austria is Christianity, but it would be more specific to say that is mainly Catholic, since almost 75 percent of Austria’s residents are Catholics.

Posted on 31 Mar 2005

Ian Graham, Staff Editor

Ian Graham, Staff Editor

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