o 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 (20