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Economic Growth Is Based on Households and Exports

Published: June 8, 2011; 13:40 · (Vindobona)

In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.

Economic Growth Is Based on Households and Exports / Picture: © Flickr

The main drivers for Austria’s economic growth were higher consumption expenditures of the households and the recovering exports. Despite a declining savings ratio in 2010, the households were able to build up monetary assets which they made available to the financial sector as well as to foreign issuers. The relatively high profit margin allowed the companies to self-finance almost…

This article includes a total of 286 words.

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