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Austrian Economy 2010: Noticeable Recovery

Business › Economy ♦ Published: September 9, 2011; 18:18 ♦ (Vindobona)

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According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.

Austrian Economy 2010: Noticeable Recovery / Picture: © Calculation

In the wake of the global economic and financial crisis, growth weakened in 2008 (+1.4%) and even turned negative in 2009 (-3.8%). This meant the most significant growth setback since World War II. In 2010, however, Austria could benefit greatly from the international economic recovery. Real growth reached 2.3%, which is both above the Euro Zone’s (1.8% in real terms) and EU…