Austria - Market Overview

Table of content

Source: Statistics Canada

Why Austria Matters

  • Austria is Canada’s 14th largest destination in the EU for merchandise exports.Footnote 1
  • Austria is the 10th largest economy in the EU, with a GDP per capita nearly equivalent with the United Kingdom.Footnote 2
  • Austria is a wealthy, stable and secure democracy located in the centre of Europe. It is renowned for its high quality of life, with Vienna currently topping Mercer’s Quality of Living Survey. Austria’s Gross Domestic Product (GDP) per capita is among the highest in the European Union (EU).
  • Austria’s economy is export-oriented, with an export rate of 53.4 percent in 2015 (export of goods and services over GDP) compared to an average of 43.6 percent in the EU.Footnote 3
  • Austrian industry has a large number of small and medium-sized enterprises characterised by high productivity, sustained innovation, and engineering excellence.
  • Austria’s leading industrial sectors are the chemical and automotive industries, mechanical engineering, electronics, life sciences and environmental technology.

How to export to Austria

Read the guide Exporting to the EU.

Sectoral Opportunities in Austria

Contact

For more information on trade and investment opportunities in Austria, contact your Trade Commissioner in Vienna, Austria.

Footnotes

Footnote 1

Statistics Canada

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Footnote 2

Eurostat

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Footnote 3

Austrian Federal Economic Chamber, Export- und Importquoten Stand 2015, http://wko.at/statistik/eu/europa-exportquoten.pdf

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Footnote 4

IMF

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Footnote 5

European Commission, Economic forecasts: http://ec.europa.eu/economy_finance/eu/forecasts/2016_spring/at_en.pdf

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Footnote 6

Statistics Canada

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Footnote 7

Statistics Canada

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Footnote 8

European Commission Country Fact Sheet Austria 2015, page 2, (SWD(2015) 208 final) http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A52015SC0208

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