Forex Trading Business

Once the center of Austro-Hungarian Empire, Austria was reduced to a small republic after its defeat in World War I. Following annexation by Nazi Germany in 1938 and subsequent occupation by the victorious Allies in 1945, Austria's status remained unclear for a decade. A State Treaty signed in 1955 ended the occupation, recognized Austria's independence, and forbade unification with Germany. A constitutional law that same year declared the country's "perpetual neutrality" as a condition for Soviet military withdrawal. The Soviet Union's collapse in 1991 and Austria's entry into the European Union in 1995 have altered the meaning of this neutrality.

Main Airports

Innsbruck (INN) (Kranebitten), Salzburg (SZG) (Maxglan), Vienna (VIE) (Wien-Schwechat)

U.S. Embassy

Boltzmanngasse 16, Vienna 1091
tel. (43) (1) 313-39

Statistics

GDP: purchasing power parity:

$267.6 billion (2005 est.)

GDP - real growth rate:

1.9% (2005 est.)

GDP - per capita: purchasing power parity:

32,700 (2005 est.)

Inflation rate (consumer prices):

2.3% (2005 est.)

Labor force:

3.49 million (2005 est.)

Exports:

$122.5 billion f.o.b. (2005 est.)

Exports - partners:

Germany 31.3%, Italy 8.7%, US 5.9%, Switzerland 5.2%, France 4.2%, UK 4% (2005)

Imports:

$118.8 billion f.o.b. (2005 est.)

Imports - partners:

Germany 45.9%, Italy 6.6%, Switzerland 4.5% (2005)

Population:

8,192,880 (July 2006 est.)

Population growth rate:

0.09% (2006 est.)

Population Below Poverty Line:

5.9% (2004)

Major Industries:

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

Employing Workers: 103*

Registering Property: 28*

Enforcing Contracts: 14*

Closing a Business: 19*

*2006 World Bank rank out of 175 countries