Austria offers foreign investors a wide range of business opportunities including funding and financial support measures for small and medium-sized enterprises, research and development, company startups, investments and new technologies.
These extend from cash grants and preferential rates of interest to the provision of guarantees. This exceptionally extensive offering enables companies to take advantage of funding and support programs tailored to their specific requirements.
Austria is the 31st largest export economy in the world. In 2016, Austria exported $146B and imported $162B, resulting in a negative trade balance of $16.5B. In 2016 the GDP of Austria was $390B and its GDP per capita was $50.6k
The most important sectors of Austria’s economy in 2016 were wholesale and retail trade, transport, accommodation and food services (22.9 %), industry (21.6 %) and public administration, defence, education, human health and social work activities (17.5 %).
Intra-EU trade accounts for 71% of Austria’s exports (Germany 30%, Italy 6%, and Slovakia 4%), while outside the EU 6% go to the United States and 5% to Switzerland.
In terms of imports, 78% come from EU Member States (Germany 43%, Italy 6% and Czech Republic 4%), while outside the EU 6% come from Switzerland and 3% from China.