Sunday, January 28, 2018

Austria's GDP

...Austria’s transparent (click here) and efficient regulatory framework facilitates business innovation and productivity growth. The cost of fringe benefits is among the highest in the world. VERBUND, 51 percent owned by the state and Austria’s largest provider of power, lost a third of its market value in 2015 as a result of falling electricity prices and government subsidies for renewables in neighboring European countries....

That is a good economy that takes care of it's people. It's "Verbund" is nationalized and the government provides subsidies to continue it's operation. It is NOT Wall Street Welfare. The government ownership proves excellent service to the people. The graph to the right below is the Austrian GDP per Capita. Nice.


Austria (click here) is the 31st largest export economy in the world and the 6th most complex economy according to the Economic Complexity Index (ECI). In 2015, Austria exported $141B and imported $146B, resulting in a negative trade balance of $4.74B. In 2015 the GDP of Austria was $376B and its GDP per capita was $49.4k.

According to the CIA World Factbook, Austria is 115th in military spending.

0.68% of GDP (2016 est.)
0.67% of GDP (2015)
0.75% of GDP (2014)
0.75% of GDP (2013)
0.78% of GDP (2012)
country comparison to the world: 115

Austria does more than it's part in taking refugees into it's borders considering the size of the country and it's population. Modern day Austria never started a war.

30,958 (Syria); 20,220 (Afghanistan); 13,773 (Russia); 5,555 (Iraq) (2016)

Notable in 2009 and 2010 above in GDP per Capita; there was a sincere fall. But, that was post 2008 and we all know what happened there. I doubt it was a collapse in the Austrian housing market or the destruction of the security of their citizenship's promise to a life worth living.