es of Western Europe. Problems for the l990s
include an aging population, the high level of subsidies, and the
struggle to keep welfare benefits within budget capabilities. Austria,
which has applied for EC membership, is currently involved in EC and
European Free Trade Association negotiations for a European Economic
Area and will have to adapt its economy to achieve freer movement of
goods, services, capital, and labor with the EC.
_#_GDP: $111.0 billion, per capita $14,500; real growth rate 4.5%
(1990)
_#_Inflation rate (consumer prices): 3.3% (1990)
_#_Unemployment: 5.4% (1990)
_#_Budget: revenues $44.1 billion; expenditures $49.6 billion,
including capital expenditures of $NA (1990)
_#_Exports: $40.9 billion (f.o.b., 1990);
commodities--machinery and equipment, iron and steel, lumber,
textiles, paper products, chemicals;
partners--EC 64.8%, EFTA 10.3%, CEMA 7.7%, US 3.2%, Japan 1.5%
_#_Imports: $46.6 billion (c.i.f., 1990);
commodities--petroleum, foodstuffs, machinery and equipment,
vehicles, chemicals, textiles and clothing, pharmaceuticals;
partners--EC 68.4%, EFTA 7%, CEMA 5.7%, Japan 4.6%, US 3.6%
_#_External debt: $11.8 billion (1990 est.)
_#_Industrial production: real growth rate 8.5% (1990); accounts
for 34% of GDP
_#_Electricity: 17,562,000 kW capacity; 49,290 million kWh produced,
6,500 kWh per capita (1989)
_#_Industries: foods, iron and steel, machines, textiles, chemicals,
electrical, paper and pulp, tourism, mining
_#_Agriculture: accounts for 3.2% of GDP (including forestry);
principal crops and animals--grains, fruit, potatoes, sugar beets,
sawn wood, cattle, pigs poultry; 80-90% self-sufficient in food
_#_Economic aid: donor--ODA and OOF commitments (1970-89), $2.4
billion
_#_Currency: Austrian schilling (plural--schillings); 1 Austrian
schilling (S) = 100 groschen
_#_Exchange rates: Austrian schillings (S) per US$1--10.627 (January
1991), 11.370 (1990), 13.231 (1989), 12.348 (1988), 12.643 (1987), 15.267
(1986), 20.690 (1985)
_#_Fiscal year: calendar year
_*_Communications
_#_Railroads: 6,028 km total; 5,388 km government owned and 640 km
privately owned (1.435- and 1.000-meter gauge); 5,403 km 1.435-meter
standard gauge of which 3,051 km is electrified and 1,520 km is double
tracked; 363 km 0.760-meter narrow gauge of which 91 km is electrified
_#_Highways: 95,412 km total; 34,612 are the primary network
(includi
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