2023 Austrian economy declines 0.8% due to high inflation, following a 4.6% growth in 2021-22.
Austria's richest person is currently unnamed in this article, but the country has a well-developed economy, benefiting from strong transnational ties, particularly with Germany. Austrian GDP is 50% export-driven, reaching $540.89bn in 2024. The Austrian economy experienced a 4.6% growth in 2021-22, followed by a 0.8% decline in 2023 due to high inflation. A weaker 0.3% growth is expected in 2024.
June 30, 2024
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