
Austria has a strong economy, with a high GDP per capita. The country has a range of natural resources, including iron ore, non-ferrous metals, important minerals and earths, petroleum and natural gas. It also has a growing industrial sector, which requires supplementary imports. Agriculture only employs a small percentage of the workforce and accounts for a tiny portion of the GDP, with crops including sugar beets, wheat, corn, barley, potatoes, apples and grapes. Pigs and cattle are also raised.
Characteristics | Values |
---|---|
Raw materials and energy production | Iron ore, non-ferrous metals, important minerals and earths, petroleum, natural gas, hydroelectric power |
Agriculture | Sugar beets, wheat, corn (maize), barley, potatoes, apples, grapes, pigs, cattle |
Economy | Strong labour movements, highly developed industry, international tourism, high GDP |
What You'll Learn
- Austria's natural resources include iron ore, non-ferrous metals, minerals and earths
- Austria's industrial sector is constantly growing and requires supplementary imports
- Austria's agricultural areas are found mainly in the east, in Burgenland, Steiermark, Kärnten, and Niederösterreich
- Austria's agricultural crops include sugar beets, wheat, corn, barley, potatoes, apples, and grapes
- Austria's economy is largely dependent on international tourism
Austria's natural resources include iron ore, non-ferrous metals, minerals and earths
Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths. The country's industrial sector is constantly growing, but it increasingly requires supplementary imports.
Austria's agricultural areas are found mainly in the east, particularly in Burgenland, Steiermark, Kärnten, and Niederösterreich. Farms are usually small or medium-sized, and crops include sugar beets, wheat, corn (maize), barley, potatoes, apples, and grapes. Pigs and cattle are also raised. Many farmers need additional income through non-farm employment, and some receive subsidies from the government and the EU for maintaining the cultural landscape, which is important for tourism.
Austria also has its own resources of petroleum and natural gas, and it is a leader in the field of hydroelectric power in the European Union.
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Austria's industrial sector is constantly growing and requires supplementary imports
Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths, petroleum and natural gas. The country is also a leader in the field of hydroelectric power in the European Union.
Despite this, the constant growth of the industrial sector means that supplementary imports are required. This is also true of fuels, energy resources, and the electricity-generating industry.
Agriculture only employs a small percentage of Austria's workforce and accounts for a tiny portion of the GDP. The mountainous terrain means that only about half of the land can be cultivated, and farms are usually small or medium-sized. However, crops include sugar beets, wheat, corn, barley, potatoes, apples, and grapes, and pigs and cattle are also raised.
International tourism is another important part of the Austrian economy.
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Austria's agricultural areas are found mainly in the east, in Burgenland, Steiermark, Kärnten, and Niederösterreich
Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals, and earths. The industrial sector is constantly growing, however, and this increasingly requires supplementary imports. This is also true of fuels, energy resources, and the electricity-generating industry. Austria has its own resources of petroleum and natural gas, and it is a leader in the field of hydroelectric power in the European Union.
Burgenland is located in the east of Austria, bordering Hungary. The climate is relatively warm and dry, which makes it ideal for growing crops such as wheat, corn, and sunflowers. The region is also known for its wine production, with many vineyards located in the south of the state.
Steiermark, or Styria, is another important agricultural region in eastern Austria. The state has a diverse landscape, ranging from mountainous regions in the north to rolling hills and valleys in the south. This varied terrain allows for a wide range of agricultural activities, including the cultivation of crops such as potatoes, apples, and grapes. Steiermark is also known for its livestock farming, with many cattle and pig farms located throughout the state.
Kärnten, or Carinthia, is located in the southern part of eastern Austria. The region has a relatively mild climate, with warm summers and cold winters. This makes it ideal for growing crops such as maize, barley, and potatoes. Kärnten is also known for its dairy farming, with many small and medium-sized dairy farms located throughout the state.
Niederösterreich, or Lower Austria, is the largest state in Austria and is located in the northeast of the country. The region has a diverse landscape, with mountainous areas in the west and a flat plain in the east. This plain, known as the Marchfeld, is an important agricultural area, with many small and medium-sized farms growing a variety of crops, including sugar beets, wheat, and corn.
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Austria's agricultural crops include sugar beets, wheat, corn, barley, potatoes, apples, and grapes
Austria's industrial and commercial sectors are characterised by a high proportion of medium-sized companies. The country has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths. The constant growth of the industrial sector means that supplementary imports are increasingly required. This is also true of fuels, energy resources, and the electricity-generating industry.
Austria has its own resources of petroleum and natural gas, and is the leader in the field of hydroelectric power in the European Union. The generation of hydroelectric power is constantly being expanded.
Many Austrian farmers need additional income through non-farm employment. A significant number of farmers (so-called mountain farmers) receive subsidies from the government and the EU for maintaining the cultural landscape, which is important for tourism.
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Austria's economy is largely dependent on international tourism
Austria has a very high nominal GDP per capita, ranked 13th globally. The country has a highly developed industry and international tourism is the most important part of the national economy.
Austria has an abundance of natural resources, including iron ore, non-ferrous metals, important minerals and earths, petroleum and natural gas. The country is also a leader in the field of hydroelectric power in the European Union.
Agriculture only employs a small percentage of Austria's workforce and accounts for a tiny portion of the GDP. Due to the mountainous terrain, only about half of the land can be cultivated. Farms are usually small or medium-sized and are found mainly in the east of the country. Crops include sugar beets, wheat, corn, barley, potatoes, apples and grapes. Pigs and cattle are also raised.
Austria has achieved sustained economic growth since the end of World War II. The country became a member of the EU in 1995, which brought economic benefits and challenges. Austria's membership has also drawn an influx of foreign investors attracted by its access to the single European market.
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Frequently asked questions
Austria grows sugar beets, wheat, corn (maize), barley, potatoes, apples, and grapes.
Austria farms pigs and cattle.
Austria has natural resources of iron ore, non-ferrous metals, important minerals and earths, petroleum, and natural gas.
International tourism is the most important part of the Austrian economy.