Austria Economy

Austria Economy

Asia
Economic situation As a country starting with letter A according to Countryaah, Austria is one of the highly developed industrial countries. It is characterized by a stable economy, low unemployment and a lot of transit traffic. The distribution of income depends heavily on educational attainment, but government intervention has significantly reduced the inequalities of income. Measured in terms of gross domestic product (GDP), the country has an economic output of € 398.52 billion (2019) and is one of the countries worldwide with a very high income and standard of living. In 2018, 4.89 million people were employed, with almost 70% of all women between the ages of 15 and 64 in employment. Unemployment is (2019) between 4 and 5% and thus at a low level, while that of young people…
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