Austrian Industry Shows High Degree of Internationality

Business › Economy ♦ 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…

or Log In

Fast News Search
Related News
Austria´s Manufacturing Industry Maintains its Competitiveness (October 17, 2011)
Austrian Food Exports are Booming (October 10, 2011)
FDI Remains Essential for Austrian Business Location (October 5, 2011)
Mitterlehner: „Settlement of Headquarters Key Question for Austria“ (October 4, 2011)
“Austrian Exports to Turkey to Double“ (September 26, 2011)
Read More
Industry, GDP Gross Domestic Product, Competitiveness, Exports, FDI Foreign Direct Investments, Foreign Trade
Featured
See latest Vindobona Newsletter