Wednesday, April 7, 2010

Austria - Balance of payments


The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Austria's exports was $70 billion while imports totaled $74 billion resulting in a trade deficit of $4 billion.

The International Monetary Fund (IMF) reports that in 2001 Austria had exports of goods totaling $66.9 billion and imports totaling $68.2 billion. The services credit totaled $32.9 billion and debit $31.5 billion.

Foreign direct investment continued to increase at a fast pace in the early 2000s. Foreign direct investment grew in 2000 by $9.2 billion, the highest amount in the post-World War II era. This high figure was due in part to the takeover of Bank Austria, Austria's largest bank, by the German Hypo-Vereinsbank.

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