Austria's Wealth: A Comprehensive Overview

Austria has one of the richest collections of collectors' coins in the Eurozone, with face values ranging from 10 to 100 euros. The country adopted the Euro in 2002, having previously used the Austrian schilling. Austria ranks fifth in the European Union in terms of GDP per capita, with €46,200, well above the EU average of €37,600. The average household net-adjusted disposable income per capita is USD 37,001 a year, more than the OECD average of USD 30,490. The average household net wealth is estimated at USD 309,637, lower than the OECD average of USD 323,960.

Austria's average household net-adjusted disposable income per capita is USD 37 001 a year

Austria has a federal parliamentary republic system, with a chancellor as the head of government and a president as the head of state. The country consists of nine states, and both regional and federal governments exercise executive power. The federal parliament has two chambers: the directly elected Lower House (Nationalrat) and the Upper House (Bundesrat), which is elected by regional parliaments.

In terms of employment, about 72% of people aged 15 to 64 in Austria have a paid job, above the OECD employment average of 66%. Some 76% of men are in paid work, compared with 68% of women. In Austria, 5% of employees work very long hours in paid work, below the OECD average of 10%, with 8% of men working very long hours in paid work compared with 2% of women.

The average household net wealth in Austria is USD 309 637

Austria has one of the highest average household net wealth in the world, estimated at USD 309 637. This is lower than the OECD average of USD 323 960.

In terms of employment, about 72% of people aged 15 to 64 in Austria have a paid job, above the OECD employment average of 66%. Some 76% of men are in paid work, compared with 68% of women. In Austria, 5% of employees work very long hours in paid work, below the OECD average of 10%, with 8% of men working very long hours in paid work compared with 2% of women.

Austria's average household net-adjusted disposable income per capita is USD 37 001 a year, more than the OECD average of USD 30 490 a year. Austria ranks fifth in the European Union in terms of GDP per capita with €46 200, well above the EU average of €37 600.

Austria's GDP per capita is €46 200, ranking fifth in the European Union

Austria's GDP per capita is €46,200, ranking fifth in the European Union. This is well above the EU average of €37,600. Austria's GDP accounts for 2.8% of the EU's total GDP.

In Austria, the average household net-adjusted disposable income per capita is USD 37,001 a year, which is also more than the OECD average of USD 30,490 a year. The average household net wealth in Austria is estimated at USD 309,637, which is slightly lower than the OECD average of USD 323,960.

About 72% of people aged 15 to 64 in Austria have a paid job, which is above the OECD employment average of 66%. Of these, 76% are men and 68% are women. Only 5% of employees work very long hours, which is below the OECD average of 10%.

Austria has one of the richest collections of collectors' coins in the Eurozone

In terms of household wealth, Austria has an average household net wealth estimated at USD 309,637, which is slightly lower than the OECD average of USD 323,960. Additionally, Austria's GDP per capita is €46,200, ranking fifth in the European Union and well above the EU average of €37,600.

When it comes to disposable income, the average household net-adjusted disposable income per capita in Austria is USD 37,001 per year, exceeding the OECD average of USD 30,490. This higher disposable income contributes to the purchasing power of Austrian households and their ability to acquire and collect coins.

Austria's strong economic performance and high household wealth create favourable conditions for the development and maintenance of a rich collection of collectors' coins. The country's economic stability and the value of its currency contribute to the attractiveness of Austrian coins for collectors, both within Austria and internationally.

Austria has a higher average income than Germany

Austria has one of the top 10 highest average salaries in Europe, which is moderately higher than the EU average of €28,217 (2023). In Vienna, people generally receive a higher salary, in part due to job opportunities and a higher cost of living compared to the rest of the country. The average salary in Vienna is €56,980 annually or €4,748 monthly.

Austria's success as a high-income country can be attributed to several factors. Firstly, its close economic ties with Germany have played a crucial role in its economic prosperity. Austria's top economic sectors, namely services, industry, and agriculture, have contributed significantly to its overall wealth. The country's attractiveness as a major tourist destination, thanks to its stunning natural landscapes such as the Alps, has also bolstered its economic growth. In terms of financial stability, Austria is considered one of the most prosperous and stable European Union member states. The country's economic system combines elements of a free market economy with a strong social focus, ensuring favourable conditions for investors and social welfare programs.

Austria's average household net wealth is estimated at USD 309,637, lower than the OECD average of USD 323,960. In terms of employment, about 72% of people aged 15 to 64 in Austria have a paid job, above the OECD employment average of 66%. Some 76% of men are in paid work, compared with 68% of women. In Austria, 5% of employees work very long hours in paid work, below the OECD average of 10%, with 8% of men working very long hours in paid work compared with 2% of women.

Austria ranks fifth in the European Union in terms of GDP per capita with €46,200, well above the EU average (€37,600). It accounts for 2.8% of the EU's total GDP. While Austria’s economy is strong, Germany, the largest European economy, surpasses Austria in terms of GDP per capita. However, wage levels in Austria and Germany are similar, which is indicative of the comparable economic conditions and social systems within these neighbouring countries. Both countries have robust social security programs and employees enjoy similar benefits, leading to comparable compensation costs for employers.

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