The 2008 CIA World Factbook. United States. Central Intelligence Agency
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Supreme Judicial Court or Oberster Gerichtshof; Administrative Court or Verwaltungsgerichtshof; Constitutional Court or Verfassungsgerichtshof
Political parties and leaders:
Alliance for the Future of Austria or BZOe [Stefan PETZNER];
Austrian People's Party or OeVP [Wilhelm MOLTERER]; Freedom Party of
Austria or FPOe [Heinz Christian STRACHE]; Social Democratic Party
of Austria or SPOe [Werner FAYMANN]; The Greens [Alexander VAN DER
BELLEN]
Political pressure groups and leaders:
Austrian Trade Union Federation or OeGB (nominally independent but primarily Social Democratic); Federal Economic Chamber; OeVP-oriented Association of Austrian Industrialists or IV; Roman Catholic Church, including its chief lay organization, Catholic Action other: three composite leagues of the Austrian People's Party or OeVP representing business, labor, farmers, and other nongovernment organizations in the areas of environment and human rights
International organization participation:
ACCT (observer), ADB (nonregional members), AfDB (nonregional
members), Australia Group, BIS, BSEC (observer), CE, CEI, CERN,
EAPC, EBRD, EIB, EMU, ESA, EU, FAO, G-9, IADB, IAEA, IBRD, ICAO,
ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO,
Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, NAM
(guest), NEA, NSG, OAS (observer), OECD, OIF (observer), OPCW, OSCE,
Paris Club, PCA, PFP, Schengen Convention, SECI (observer), UN,
UNCTAD, UNDOF, UNESCO, UNFICYP, UNHCR, UNIDO, UNOMIG, UNTSO, UNWTO,
UPU, WCL, WCO, WEU (observer), WFTU, WHO, WIPO, WMO, WTO, ZC
Diplomatic representation in the US:
chief of mission: Ambassador (vacant); Deputy Chief of Mission Andreas Riecken chancery: 3524 International Court NW, Washington, DC 20008–3035 telephone: [1] (202) 895–6700 FAX: [1] (202) 895–6750 consulate(s) general: Chicago, Los Angeles, New York
Diplomatic representation from the US:
chief of mission: Ambassador David F. GIRARD-DICARLO embassy: Boltzmanngasse 16, A-1090, Vienna mailing address: use embassy street address telephone: [43] (1) 31339–0 FAX: [43] (1) 3100682
Flag description:
three equal horizontal bands of red (top), white, and red
Economy
Austria
Economy - overview:
Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. The Austrian economy also benefits greatly from strong commercial relations, especially in the banking and insurance sectors, with central, eastern, and southeastern Europe. The economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to the new EU economies. The outgoing government has successfully pursued a comprehensive economic reform program, aimed at streamlining government and creating a more competitive business environment, further strengthening Austria's attractiveness as an investment location. It has implemented effective pension reforms; however, lower taxes in 2005–06 led to a small budget deficit in 2006 and 2007. Boosted by strong exports, growth nevertheless reached 3.3% in both 2006 and 2007, although the economy may slow in 2008 because of the strong euro, high oil prices, and problems in international financial markets. To meet increased competition - especially from new EU members and Central European countries - Austria will need to continue restructuring, emphasizing knowledge-based sectors of the economy, and encouraging greater labor flexibility and greater labor participation by its aging population.
GDP (purchasing power parity):
$322 billion (2007 est.)
GDP (official exchange rate):
$373.9 billion (2007 est.)
GDP - real growth rate:
3.1% (2007 est.)
GDP - per capita (PPP):
$39,300 (2007 est.)
GDP - composition by sector:
agriculture: 1.6% industry: 30.3% services: 68% (2007 est.)
Labor force:
3.566 million (2007 est.)
Labor force - by occupation:
agriculture: 3% industry: 27% services: 70% (2005 est.)
Unemployment rate:
4.4% (2007 est.)
Population below poverty line:
5.9% (2004)
Household income or consumption by percentage share:
lowest 10%: 3.3% highest 10%: 22.5% (2004)
Distribution of family income - Gini index:
26 (2005)
Investment (gross fixed):
20.6% of GDP (2007 est.)
Budget:
revenues: $177.5 billion expenditures: $179.9 billion (2007 est.)
Fiscal year:
calendar year
Public debt:
59.1% of GDP (2007 est.)
Inflation rate (consumer prices):
2.2% (2007 est.)
Commercial bank prime lending rate:
6.3% (31 December 2007)
Stock of money:
NA note: see entry for the European Union for money supply in the Euro Area; the European Central Bank (ECB) controls monetary policy for the 15 members of the Economic and Monetary Union (EMU); individual members of the EMU do not control the quantity of money and quasi money circulating within their own borders
Stock of quasi money:
NA
Stock of domestic credit:
$599.5 billion (31 December 2007)
Agriculture - products:
grains, potatoes, sugar beets, wine, fruit; dairy products, cattle, pigs, poultry; lumber
Industries:
construction, machinery, vehicles and parts, food, metals, chemicals, lumber and wood processing, paper and paperboard, communications equipment, tourism
Industrial production growth rate:
5.7% (2007 est.)
Electricity - production:
59.31 billion kWh (2007 est.)
Electricity - consumption:
62.35 billion kWh (2006 est.)
Electricity - exports:
15.51 billion kWh (2007 est.)
Electricity - imports:
22.13 billion kWh (2007 est.)
Electricity - production by source:
fossil fuel: 29.3% hydro: 67.2% nuclear: 0% other: 3.5% (2001)
Oil - production:
24,920 bbl/day (2007 est.)
Oil