server), CCC, CE, CEI, CERN, EAPC, EBRD, ECE,
EIB, EMU, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICFTU,
ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol,
IOC, IOM, ISO, ITU, MINURSO, NAM (guest), NEA, NSG, OAS (observer),
OECD, OPCW, OSCE, PCA, PFP, UN, UNCTAD, UNDOF, UNESCO, UNFICYP,
UNHCR, UNIDO, UNIKOM, UNITAR, UNMEE, UNMIBH, UNMIK, UNMOT, UNOMIG,
UNTAET, UNTSO, UPU, WCL, WEU (observer), WFTU, WHO, WIPO, WMO, WToO,
WTrO, ZC

Diplomatic representation in the US: chief of mission: Ambassador
Peter MOSER

chancery: 3524 International Court NW, Washington, DC 20008-3035

telephone: [1] (202) 895-6700

FAX: [1] (202) 895-6750

consulate(s) general: Chicago, Los Angeles, and New York

Diplomatic representation from the US: chief of mission: Ambassador
Kathryn Walt HALL

embassy: Boltzmanngasse 16, A-1091, Vienna

mailing address: use embassy street address

telephone: [43] (1) 313-39-2060

FAX: [43] (1) 313-39-2057

Flag description: three equal horizontal bands of red (top), white,
and red

Austria Economy

Economy - overview: Austria with its well-developed market economy
and high standard of living is closely tied to other EU economies,
especially Germany's. Membership in the EU has drawn an influx of
foreign investors attracted by Austria's access to the single
European market and proximity to EU aspirant economies. In 2000,
Austria moved to further cut government spending and raise taxes to
meet EMU deficit targets after facing unexpected difficulties in
reducing the public deficit. To meet increased competition from both
EU and Central European countries, Austria will need to emphasize
knowledge-based sectors of the economy and continue to deregulate
the service sector. Growth is expected to remain at about 3% in 2001.

GDP: purchasing power parity - $203 billion (2000 est.)

GDP - real growth rate: 3.1% (2000 est.)

GDP - per capita: purchasing power parity - $25,000 (2000 est.)

GDP - composition by sector: agriculture: 2.2%

industry: 30.4%

services: 67.4% (1999 est.)

Population below poverty line: NA%

Inflation rate (consumer prices): 2% (2000 est.)

Labor force: 3.7 million (1999)

Labor force - by occupation: services 68%, industry and crafts 29%,
agriculture and forestry 3% (1999 est.)

Unemployment rate: 5.4% (2000 est.)

Budget: revenues: $56.3 billion

expenditures: $60.5 billion, including capital expenditures of $NA
(