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Service Exports Key Success Factor for Austrian Foreign Trade

Published: May 22, 2012; 11:30 · (Vindobona)

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: © Flickr

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…

This article includes a total of 160 words.

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