According to the most recent OECD statistics, Austria is one of Europe's strongest nations economically: in comparisons of per capita GDP, Austria ranks fourth among the 15 EU states - ahead of Germany, Holland and France. Austria ranks equally well among the world's industrial nations - only 8 countries can claim greater economic strength, including the U.S. (ranked 2nd) and Japan (5th).
Austria's stable economic climate is further reflected in a hard schilling and a healthy labor market: its inflation rate in 1996 was just 1.9 percent, and with an unemployment rate of just 4.1%, Austria ranked behind only Luxembourg (3.1%) among EU nations.
Economic Power (Creating Wealth)
GDP per Capita in US$ (purchasing power parity), 1996
- Luxembourg 32,210
- Denmark 22,270
- Belgium 21,450
- Austria 21,370
- Germany 21,080
- Netherlands 20,620
- France 20,510
- Italy 19,990
- Sweden 19,240
- Ireland 18,750
- Finland 18,520
- Great Britain 18,490
- Spain 14,790
- Portugal 13,020
- Greece 12,650
- Source: OECD 1997
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