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“Germany overestimated, USA and China underestimated”

Published: January 26, 2013; 19:55 · (Vindobona)

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

“Germany overestimated, USA and China underestimated” / Picture: © Flickr

A joint analysis by the OECD and the WTO has departed from the conventional method of calculating foreign trade data, which always measures trade flows upon crossing a border. Instead, it focuses on the added value generated by a country in producing export goods and services. This database takes into account which domestic and foreign components and services make up the total exports…

This article includes a total of 580 words.

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