Country profile
Austria
A landlocked EU exporter of machinery, electrical equipment, vehicles and pharmaceuticals, closely tied to German industry.
Updated 11 November 2026. Sources at the bottom of the page.
- Capital
- Vienna
- Population
- 9.21 million (2026)
- Currency
- Euro (EUR)
- GDP, 2026
- US$617 billion
- Exports, 2024
- US$213.9 billion
- Exchange rate
- 1 EUR = 1.12 USD (10 Nov 2026)
Economy
IMF World Economic Outlook, October 2026. 2026 and 2027 are IMF projections.
0.6%Real GDP growth, 2026
0.9%Real GDP growth, 2027
3.1%Inflation, 2026
5.7%Unemployment, 2026
82.4% of GDPGovernment debt, 2026
1.4% of GDPCurrent account, 2026
Compare Austria with other countries →
Trade
Top export markets
Share of the country’s exports, 2025
- Germany (29.2%)
- United States (8.2%)
- Italy (6%)
- Switzerland (5%)
- Slovakia (3.9%)
Main exports
Product groups, share of exports
- Machinery, including computers (16.8%)
- Electrical machinery and equipment (11.1%)
- Vehicles (9.1%)
- Pharmaceuticals (8.6%)
- Plastics (4.2%)
Main trade agreements
- EU single market
- EU agreements including CETA (Canada), EU–Japan, EU–Korea, EU–Mexico and EU–Vietnam
- EU–UK Trade and Cooperation Agreement
Trade policy to watch
- EU Carbon Border Adjustment Mechanism (CBAM): in its definitive phase since 1 January 2026 for imports into the EU of iron and steel, aluminium, cement, fertilisers, electricity and hydrogen.
- EU trade policy: no tariffs inside the EU; trade with non-EU countries is set at EU level.
- Gas supply: Austria stopped receiving Russian gas in early 2025 and now imports gas through Germany and Italy.
Energy
Hydropower produces most of Austria's electricity. Oil and gas are imported. Austria has no nuclear power.
What it means for your supply chain
- Austria takes almost 30% of its export orders from Germany, so it follows the German industrial cycle.
- Austria is a source of specialty steel, machinery, automotive parts and components.
- Importers of steel, aluminium and other CBAM goods into Austria need emissions data from their non-EU suppliers.
Austria in the Supplier Hub
9 companies in the Supplier Hub are listed under Austria.
Sources
- IMF, World Economic Outlook, October 2026: GDP, growth, inflation, unemployment, government debt, current account (2026 and 2027 are projections; updated automatically).
- IMF, World Economic Outlook database: population (2026 estimate).
- World’s Top Exports: export markets (2024 data) and main exports.
- Bank of Canada, daily exchange rates (cross rates calculated from CAD rates; updated daily).
- Energy Institute, Statistical Review of World Energy 2026: energy profile.
- European Commission, Carbon Border Adjustment Mechanism.
Figures are the latest published at the time of the update and may since have been revised. This page is for general information, not investment or legal advice.