Solid recovery backed by strong domestic fundamentals
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD 429.0bn (World ranking 25, World Bank 2020) |
Population | 8.9mn (World ranking 97, World Bank 2020) |
Form of state | Parliamentary republic |
Head of government | Karl Nehammer (Chancellor) |
Next elections | 2022, legislative |

- Competitive high-income economy
- Good budgetary position
- Low external imbalances

- Banking sector weaknesses
- High export-dependence
- Elevated public debt level
- Unfavorable demographics
Trade structure by destination/origin
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
Germany
29.8%
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1 |
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United States
6.1%
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2 |
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Italy
6.1%
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3 |
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Switzerland
5.4%
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4 |
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France
4.2%
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5 |
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Trade structure by product
(% of total, annual 2020)
Exports | Rank | Imports |
---|---|---|
Road Vehicles
9.3%
|
1 |
10.1%
Road Vehicles
|
Medicinal and pharmaceutical products
7.8%
|
2 |
7.1%
Electrical machinery, apparatus and appliances, n.e.s.
|
Electrical machinery, apparatus and appliances, n.e.s.
7.3%
|
3 |
6.4%
Medicinal and pharmaceutical products
|
Other industrial machinery and parts
6.0%
|
4 |
5.4%
Other industrial machinery and parts
|
Specialised machinery
5.7%
|
5 |
4.6%
Miscellaneous manufactured articles, n.e.s.
|
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
The court system is efficient and reliable overall, but pre-legal action conducted by specialists remains the most effective method of collecting debt.
Austrian insolvency law aims to rescue companies in order to increase the chances of recovering debts. It establishes a legal requirement for reorganization plans to provide a minimum quota of 20% in 2 years. However, it is rare for unsecured creditors to recover significantly where reorganization fails or bankruptcy proceedings are started from the beginning.
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18 March
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