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Austria Business Report

General information
Source: The World Factbook - Central Intelligence Agency
flag
Population
8,754,413 (July 2017 est.)
GDP (PPP)
$439.6 billion (2017 est.)

GDP growth rate
2.9% (2017 est.)

Very healthy rate for such a developed nation, and accelerating from 2016 (1.5%)

GDP (PPP) per capita
$49,900 (2017 est.)

High

Local currency
Euro (EUR)

Financial stability (Public debt)
78.8% of GDP (2017 est.)

High but decreasing from 2016 (84%)

Inflation
2.2%

Medium, accelerating from 1% in 2016

Language
German

English is spoken as a second language

Corruption perception index (Source: Transparency International)
16/180

Low level of corruption

Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT

20% standard rate Reduced rates of 13% and 10% apply to certain consumer goods
Corporate Tax

25%
Duties

EU rules apply

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We have a strong position in Europe B2B and Europe trade, especially European Union trade. If you are interested in doing business in Austria, or in finding Austrian manufacturing companies, we can help you.

Thousands of companies in Austria and Austrian SMEs use Globartis for their operations. Join our network today and find the right partner for your Austria business. Connect with an Austrian manufacturer or Austria importer, or source among Austria export to find the right product.

Join now and grow your business in Vienna, one of the best cities for European business.

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