Financial tightening weighs on short- and medium-term growth prospects

AA1

LOW RISK for entreprise

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

  • Economic risk

  • Business environment risk

  • Political risk

  • Commercial risk

  • Financing risk

Last updated in June 2023.

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GDP USD 471.4bn (World ranking 33, World Bank 2022)
Population 9.0mn (World ranking 98, World Bank 2021)
Form of state Parliamentary republic
Head of government Karl Nehammer  (Chancellor)
Next elections 2024, legislative
  • High productivity level
  • Low-income inequality
  • Low unemployment
  • High export-dependence
  • Elevated public debt
  • Unfavorable demographics

Trade structure by destination/origin

(% of total, 2021)

Exports Rank Imports
Germany 29.5%
1
39.7% Germany
Italy 6.6%
2
6.2% Italy
United States 6.1%
3
5.1% Switzerland
Switzerland 5.1%
4
4.7% Czech Republic
Poland 4.0%
5
4.4% Netherlands

Trade structure by product

(% of total, annual 2021)

Exports Rank Imports
Road Vehicles 8.8%
1
9.2% Road Vehicles
Medicinal and pharmaceutical products 7.1%
2
7.0% Electrical machinery, apparatus and appliances, n.e.s.
Electrical machinery, apparatus and appliances, n.e.s. 7.1%
3
5.1% Other industrial machinery and parts
Other industrial machinery and parts 5.7%
4
4.6% Medicinal and pharmaceutical products
Manufactures of metal, n.e.s. 5.5%
5
4.5% Manufactures of metal, n.e.s.
The Allianz Trade Collection Complexity Score provides a simple assessment of how easy it is to collect debt around the world. The 2022 edition covers 49 countries that represent nearly 90% of global GDP and 85% of global trade.
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