Names: conventional long form: Republic of Austria conventional short form: Austria local long form: Republik Oesterreich local short form: Oesterreich

Capital City: Vienna

Population: 8,192,880 (July 2006 est.)

GDP Per Capita: $34,100 (2006 est.)

Currency: euro (EUR) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries

Languages: German (official nationwide), Slovene (official in Carinthia), Croatian (official in Burgenland), Hungarian (official in Burgenland)

Total Area: total: 83,870 sq km land: 82,444 sq km water: 1,426 sq km slightly smaller than Maine

Region: Europe

Industries: construction, machinery, vehicles and parts, food, metals, chemicals, lumber and wood processing, paper and paperboard, communications equipment, tourism

Agriculture: grains, potatoes, sugar beets, wine, fruit; dairy products, cattle, pigs, poultry; lumber

Resources: oil, coal, lignite, timber, iron ore, copper, zinc, antimony, magnesite, tungsten, graphite, salt, hydropower

Labor Force: 3.52 million (2006 est.)
agriculture: 3% industry: 27% services: 70% (2005 est.)

Exports: $144.4 billion f.o.b. (2006 est.)
machinery and equipment, motor vehicles and parts, paper and paperboard, metal goods, chemicals, iron and steel, textiles, foodstuffs

Imports: $138.6 billion f.o.b. (2006 est.)
machinery and equipment, motor vehicles, chemicals, metal goods, oil and oil products; foodstuffs

Overview: Austria, with its well-developed market economy and high standard of living, is closely tied to other EU economies, especially Germany's. The Austrian economy also benefits greatly from strong commercial relations, especially in the banking and insurance sectors, with central, eastern, and southeastern Europe. The economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector. Membership in the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market and proximity to the new EU economies. The outgoing government has successfully pursued a comprehensive economic reform program, aimed at streamlining government, creating a more competitive business environment, further strengthening Austria's attractiveness as an investment location, and implementing effective pension reforms; however, lower taxes in 2005-2006 have lead to a small budget deficit in 2006. Weak domestic consumption and slow growth in Europe have held the economy to growth rates below 3% in 2002-05. Due to higher growth across Europe, Austrian grew 3.3 percent in 2006. To meet increased competition from both EU and Central European countries, particularly the new EU members, Austria will need to continue restructuring, emphasizing knowledge-based sectors of the economy, and encouraging greater labor flexibility and greater labor participation by its aging population.

_{CIA World Book}

In 2007 Missouri exported $33,984,123 in goods to Austria. This ranks Austria 27^th among the 223 international buyers of Missouri goods. Missouri exports to Austria increased from the previous year by $11,416,592 a change of 50.59%. State exports to Austria have increased over the last 5 years by $13,300,866 a change of 64.30%. Missouri exports account for .25%. of all 2007 US exports to Austria.