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Austria Grants Highest Subsidies in Europe
People ♦
Published: January 7, 2012; 11:53 ♦ (Vindobona)
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In 2010, subsidies amounting to 6.5% of the Austrian GDP were distributed. The EU-average is only the half.
Austria Grants Highest Subsidies in Europe / Picture: © Vindobona.org
According to the EU statistics agency Eurostat, the Austrian government allocated subsidies totaling € 18bn. This is 6.5% of the Austrian GDP. No other European country records such a high level. The European average amounts to 3.0%. Germany´s subsidy quota reached 3.6%, Sweden only has a 1.8% quota.
This figure, however, does not only include industrial or agricultural…
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