Austria
On this page you will find beneficial information regarding foreign direct investment in / trading with Austria. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.
It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.
Type of Government: Federal Republic
Population: 9.043 million (2022)
GDP: 470.9 billion USD (2022)
Corporate Tax Rate: 25%
Personal Income Tax Rate: 0% - 55%
Major Exports: The top exports of Austria are Cars ($7.72B), Packaged Medicaments ($7.25B), Vaccines, blood, antisera, toxins and cultures ($6.76B), Electricity ($5.38B), and Motor vehicles; parts and accessories (8701 to 8705) ($4.97B), exporting mostly to Germany ($57.7B), United States ($14.4B), Italy ($13.6B), Switzerland ($11.2B), and Hungary ($10.4B). In 2022, Austria was the world's biggest exporter of Flavored Water ($3.58B), Unprocessed Artificial Staple Fibers ($973M), Iron Railway Products ($627M), Cigarette Paper ($467M), and Handguns ($427M).
Major Imports: The top imports of Austria are Cars ($8.75B), Refined Petroleum ($8.25B), Gold ($7.27B), Broadcasting Equipment ($5.83B), and Electricity ($5.67B), importing mostly from Germany ($86.5B), Italy ($15B), Czechia ($10.9B), Switzerland ($10.8B), and Netherlands ($9.65B). In 2022, Austria was the world's biggest importer of Slag Dross ($116M) and Human Hair ($15.1M).
Investment Agency: Advantage Austria
Website: https://www.advantageaustria.org/
