Austria

Country Summary

2022 population pyramid

Introduction

Background

Once the center of power for the large Austro-Hungarian Empire, Austria was reduced to a small republic after its defeat in World War I. A State Treaty signed in 1955 recognized Austria's independence.

Geography

Area

total: 83,871 sq km

land: 82,445 sq km

water: 1,426 sq km

Climate

temperate; continental, cloudy; cold winters with frequent rain and some snow in lowlands and snow in mountains; moderate summers with occasional showers

Natural resources

oil, coal, lignite, timber, iron ore, copper, zinc, antimony, magnesite, tungsten, graphite, salt, hydropower

People and Society

Population

8,913,088 (2022 est.)

Ethnic groups

Austrian 80.8%, German 2.6%, Bosnian and Herzegovinian 1.9%, Turkish 1.8%, Serbian 1.6%, Romanian 1.3%, other 10% (2018 est.)

Languages

German (official nationwide) 88.6%, Turkish 2.3%, Serbian 2.2%, Croatian (official in Burgenland) 1.6%, other (includes Slovene, official in southern Carinthia, and Hungarian, official in Burgenland) 5.3% (2001 est.)

Religions

Catholic 57%, Eastern Orthodox 8.7%, Muslim 7.9%, Evangelical Christian 3.3%, other/none/unspecified 23.1% (2018 est.)

Population growth rate

0.32% (2022 est.)

Government

Government type

federal parliamentary republic

Capital

name: Vienna

Executive branch

chief of state: President Alexander VAN DER BELLEN (since 26 January 2017); note - President Alexander VAN DER BELLEN was re-elected to a second six year term on 9 October 2022

head of government: Chancellor Karl NEHAMMER (since 6 December 2021); note - Chancellor Alexander SCHALLENBERG resigned on 2 December 2021

Legislative branch

description: bicameral Federal Assembly or Bundesversammlung consists of:
Federal Council or Bundesrat (61 seats; members appointed by state parliaments with each state receiving 3 to 12 seats in proportion to its population; members serve 5- or 6-year terms)
National Council or Nationalrat (183 seats; members directly elected in single-seat constituencies by proportional representation vote; members serve 5-year terms)

Economy

Economic overview

one of the strongest EU and euro economies; diversified trade portfolios and relations; enormous trade economy; Russian energy dependence, but investing in alternative energy; aging labor force but large refugee population; large government debt

Real GDP (purchasing power parity)

$463.12 billion (2020 est.)

Real GDP per capita

$51,900 (2020 est.)

Agricultural products

milk, maize, sugar beet, wheat, barley, potatoes, pork, triticale, grapes, apples

Industries

construction, machinery, vehicles and parts, food, metals, chemicals, lumber and paper, electronics, tourism

Exports

$226.79 billion (2020 est.)

Exports - partners

Germany 28%, United States 7%, Italy 6%, Switzerland 5% (2019)

Exports - commodities

cars, packaged medical supplies, vehicle parts, medical vaccines/cultures, flavored water (2019)

Imports

$211.85 billion (2020 est.)

Imports - partners

Germany 39%, Italy 7%, Czechia 5% (2019)

Imports - commodities

cars, vehicle parts, broadcasting equipment, refined petroleum, packaged medical supplies (2019)

Exchange rates

euros (EUR) per US dollar -


Page last updated: Thursday, October 20, 2022