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High Domestic Added Value in Austrian Exports

Published: January 26, 2013; 19:51 · (Vindobona)

Business-related services and financial services have high degree of added value made in Austria. Half of Austrian exports are services, Bank Austria says.

High Domestic Added Value in Austrian Exports / Picture: © Vindobona.org

As a relatively small country, Austria is very strongly integrated into the global chain of added value organised on a division of labour basis. While roughly one third of imported intermediate products worldwide are used for exports, the corresponding figure in Austria is around half. The foreign share of added value in Austrian exports sits at 24.4 percent, much higher than that of…

This article includes a total of 402 words.

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