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Austrian Industry Shows High Degree of Internationality

Published: October 18, 2011; 13:13 · (Vindobona)

During the last decades, the Austrian industry could gain importance, which is contrarious to the European trend. In meantime, Austria has the fourth highest degree of industrialization in the EU.

Austrian Industry Shows High Degree of Internationality / Picture: © Vindobona.org

In the long run, the Austrian industry could develop more dynamic than other West-European national industries. In 1950, the share of the domestic industry in the value added was 12.4%. In 2010, the share grew to 18.6%.

This is contrarious to the common European trend. Since 2000, the industrial production grew by 2.6% annually. In Germany, annual growth was only 1.1%. In the…

This article includes a total of 219 words.

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