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Service Exports Key Success Factor for Austrian Foreign Trade
Regardless of global economic turbulence, Austria enjoyed considerable success in the international trade of goods and services in 2011.
Service Exports Key Success Factor for Austrian Foreign Trade / Picture: © Vindobona.org
Despite the unfavourable economic backdrop from the second half of the year, Austria managed to achieve a trade surplus in services of € 5.9bn or 1.9% of GDP. According to Oesterreichischer Nationalbank (OeNB) , this is proof of Austria's unwavering competitive ability on the international stage and the great reputation enjoyed by Austrian services on the global markets. These results…
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