- A premium source of international business opportunities since 2002 Global Tenders - Home Page  Global Tenders Contact Us  Frequently asked questions      Global Tenders Sitemap
Global Tenders
Traduire le site en Français Übersetzen der Webseite in deutscher Sprache Tradurre il sito in Italiano Traduzir o site em Português Traducir la página web en Español Перевести этот веб-сайт на русском языке Oversæt din website i dansk Käännä tämä Web-sivusto, suomi Oversett dette webområdet på norsk Översätta hemsidan på svenska Vertaal deze website in het Nederlands Превођење уеб локацију на српском Przetłumacz Serwis w języku polskim Přeložit této internetové stránky v češtině Traduceţi website-ul în limba română Превод на сайта на български Μετάφραση ιστοσελίδας στην ελληνική γλώσσα Pārvērst mājas lapā latviešu Переклад сайту на українській мові תרגם אתר בעברית ترجم هذا الموقع باللغه العربية हिंदी में अनुवाद की वेबसाइट Terjemahkan website di Indonesia Isalin ang website sa Filipino このWebサイトを日本語に翻訳 한국이 웹 사이트 번역 Phiên dịch các trang web ở Việt Nam [翻译此网站在中国
Business Opportunities - Global Tenders - International Competitive Bids
Global Tenders
  • Home
  • View All Tenders
  • Categories
  • Search
  • Directory
  • TPOs/COC
  • Economies
  • Free Tenders
  • Contact
  • Publish Tenders
  • Subscribe
Global Tenders
A Premier Opportunity Platform. Gateway to a wide range of new business opportunities - both B2B and B2G.
Chamber of Commerce Trade organizations Online Business Opportunities Global Tenders World Tenders Global business directory & trade directory

 Economy Of Austria - Business Opportunities Economy Of Austria
Global Tenders - Business Opportunities - International Competitive Bids

The economy of the Republic of Austria may be characterised as a social market economy similar in structure with that of Germany.

In 2004 Austria was the fourth richest country within the European Union, having a GDP (PPP) per capita of approximately € 27'666, with Luxembourg, Ireland, and Netherlands leading the list. The GDP per capita in 2008 is about $39,300 in American currency.

Vienna was ranked the fifth richest NUTS-2 region within Europe with GDP reaching € 38'632 per capita, just behind Inner London, Luxembourg, Brussels-Capital Region and Hamburg.

Growth has been steady in recent years 2002-2006 pendling between 1 and 3.3 %. Because of its position in central Europe it has gained significance as a gateway to the new EU member states.

Austrian farms, like those of other west European mountainous countries, are small and fragmented, and production is relatively expensive. Since Austria's becoming a member of the EU in 1995, the Austrian agricultural sector has been undergoing substantial reform under the EU's Common Agricultural Policy (CAP). Although Austrian farmers provide about 80% of domestic food requirements, the agricultural contribution to gross domestic product (GDP) has declined since 1950 to less than 3%.

Although some industries are global competitors, such as several iron and steel works, chemical plants and oil corporations that are large industrial enterprises employing thousands of people, most industrial and commercial enterprises in Austria are relatively small on an international scale.

Most important for Austria is the service sector generating the vast majority of Austria's GDP. Vienna has grown to finance and consulting metropole and has established itself as the door to the East within the last decades. Viennese law firms and banks are among the leading corporations in business with the new EU member states. Very important for Austria's economy is tourism, both winter and summer tourism; It's the 10th most visited country in the world with over 18,2 million tourists in 2001. Tourism accounts for around 10% of Austria's GDP. Its dependency on German guests has made this sector of Austrian economy very dependent on German economy, however recent developments have brought a change, especially since winter ski resorts such as Arlberg or Kitzbühel are now more and more frequented by Eastern Europeans, Russians and Americans.

Trade with other EU countries accounts for almost 66% of Austrian imports and exports. Expanding trade and investment in the emerging markets of central and eastern Europe is a major element of Austrian economic activity. Trade with these countries accounts for almost 14% of Austrian imports and exports, and Austrian firms have sizable investments in and continue to move labor-intensive, low-tech production to these countries. Although the big investment boom has waned, Austria still has the potential to attract EU firms seeking convenient access to these developing markets.

Total trade with the United States in 1999 reached $6.6 billion. Imports from the United States amounted to $3.7 billion, constituting a U.S. market share in Austria of 5.4%. Austrian exports to the United States in 1999 were $2.9 billion or 4.6% of total Austrian exports.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Economy Of Austria".
Advertise here
Advertise on Global Tenders
Advertise on Global Tenders
Advertise on Global Tenders
Advertise on Global Tenders
Austria Global tenders government tenders online business opportunity Global contracts chamber of commerce World bank tenders Asian Development bank/td>
Global tenders from Austria government tenders online business opportunity internet business opportunity Government contracts Global contracts chamber of commerce World bank tenders Asian Development bank