No. 00 Key Economic Indicators Bank Austria Economics & Market Analysis Austria
Key Economic Indicators Issue /00 Economic Forecasts for Austria Percentage change over previous year 008 009 00 0 GDP (real)..9..4 GDP (nominal) 4...5.4 Private consumption (real) 0.5..0.0 Investment in machinery & equipment (real) 0. 4.6.8 4.4 Investment in construction (real).6 6.0. 0.0 Exports of goods & services (real).0 6. 4. 4.0 Imports of goods & services (real).0 4.5..9 Consumer prices. 0.5.8.0 Public sector: Budget (in % of GDP) 0.4.4 5.0 4. Debt (in % of GDP) 6.4 67. 69. 7. Unemployment rate in % (Eurostat).8 4.8 4.6 4.6 Unemployment rate in % (Statistik Austria) 5.8 7. 7.0 7.0 Forecast National definition Growth of Real GDP in Austria Percentage change over previous year, 99 0 5 4 0 4 99 99 995 997 999 00 00 005 007 009 0 Calculated in accordance with ESA 95. 00 0 Bank Austria forecast I Key Economoc Indicators, /00
Austria s Gross Domestic Product (GDP) In EUR billion, gross value added (at current prices) 005 006 007 008 009 Agriculture, forestry.6.8 4. 4.4.8 Mining, manufacturing 4.9 47.5 5. 5.4 47. Energy and water supply 5. 5.5 5.7 6. 6.9 Construction 5.6 6.0 7. 8. 8. Wholesale/retail 8. 9.5 0.5.4. Restaurants, hotels 0.0 0.8..9. Transport, communication 4. 4.5 5.4 5.4 4.6 Finance, insurance.7.7.6.5. Real estate 40.9 4.7 46.0 47.5 47.6 Government services.9.5.8 4.5 5. Other services. 4.8 6.5 8. 9.8 Taxes minus subsidies on products 4. 4.5 5.9 6.6 6. GDP (nominal) 4.6 56.9 7.0 8. 74. Austria s Gross Domestic Product (GDP) In EUR billion, expenditures (at current prices) 005 006 007 008 009 Private consumption.8 9. 4.8 48. 49.0 Public consumption 45. 47.4 49.5 5.9 54.7 Gross fixed capital formation 54.9 57. 6.0 65.6 58.4 Statistical discrepancy 0.0 0.0 0.0 0.0 0. Total domestic demand.8 4.8 56. 66.7 6.8 plus exports of goods & services.0 46.0 6.4 67.6 8.6 less imports of goods & services..9 45.7 5. 6. GDP (nominal) 4.6 56.9 7.0 8. 74. Economic data are computed in accordance with the European System of Integrated Economic Accounts (ESA 95) Differences may result through rounding off figures Key Economic Indicators, /00 I
Key Economic Indicators Issue /00 Key Indicators for Austria Selected key economic indicators 006 007 008 009 in euros Per capita GDP (nominal),078,769,957,80 GDP per employed person (nominal) 6,87 65,7 66,560 65,050 GDP per employed person (real), % change over previous year..0 0.0. Per capita income per employed person gross,76,8,9 net,906,966,09 Share in percent Employment rate 70. 7.4 7. 7.6 Consumption ratio 54. 5.9 5. 54. Investment ratio 4.... Import ratio (narrower sense) 5 4. 4. 4. 6. Import ratio (broader sense) 6 5.7 5.6 5.4 46.0 Export ratio (narrower sense) 7 4.4 4.6 4.9 5.4 Export ratio (broader sense) 8 56.8 59. 59. 50.5 Current account balance ratio 9.8.5.. Health ratio 0 9.0 9.0 9. Tax & SIC ratio 4.5 4.8 44.4 44.0 Savings ratio 0.8..0.0 Wage ratio 6.8 64.0 64. 66. Research ratio 4.5.6.7.7 Unemployment rate (Eurostat) 4.8 4.4.8 4.8 Full-time equivalents, one-twelfth of annual income Share of employed persons aged 5 to 64 in the total population of the same age group Private consumption as a % of GDP 4 Gross fixed capital formation as a % of GDP 5 Imports of goods as a % of GDP 6 Imports of goods and services as a % of GDP 7 Exports of goods as a % of GDP 8 Exports of goods and services as a % of GDP 9 Current account balances as a % of GDP 0 Health expenditure pursuant to the System of Health Accounts (OECD) as a % of GDP Share of tax revenues & actual social insurance contributions (SICs) plus imputed SICs less unrecoverable taxes and SICs as % of GDP Private household savings as a % of disposable income and the increase in claims to company pensions. According to ESA 79 before 995 Share of employee compensation as % of national income minus levies on production less subsidies, adjusted for the shifts of the share of salaried employees to gainfully active persons compared to the basis year 976 4 Expenditure on scientific research and experimental development as a % of GDP. 4 I Key Economoc Indicators, /00
Austria s Labour Market Annual average or quarterly figures, in thousands Employees, Vacant jobs Unemployed, Jobless rate, 00,057.4.7 40. 7.0% 004,078.5.8 4.9 7.% 005,0.4 6. 5.7 7.% 006,6.9.9 9. 6.8% 007,7.4 8.. 6.% 008,04. 7.5. 5.8% 009,59. 7. 60. 7.% 008 Q,0.8 6..6 5.8% Q 4,00.0 4.4 7.7 6,% 009 Q,78.0 9. 48.0 6.8% Q,58.0 5.4 65.8 7.% Q,48. 6.5 7. 7.5% Q 4,5.6 7.9 6.8 7.% 00 Q,67. 8. 56.8 7.% Q,87.6 0.4 5.0 6.9% Without maternity leave, education and military service Seasonally adjusted on quarterly basis Persuant to national criteria Austria Annual or quarterly averages, change over previous year Industrial production Construction output (nom.) Retail (nom.) 00..0. 004 7.4.8. 005 4.4 4.5.5 006 7.7 4.5. 007 6. 6.9.9 008 0.9.4.5 009 0.0 4.. 008 Q..6.6 Q 4 4.6 6.9.5 009 Q.5.7. Q.5 7..4 Q 0.6 5.0.8 Q 4 4.6 0.8.4 00 Q 0.7.4 4. Key Economic Indicators, /00 I 5
Key Economic Indicators Issue /00 Austria s Foreign Trade Annual or quarterly averages Imports in Change over Exports in Change over EUR million previous year EUR million previous year 00 77,04.0% 77,400 4.% 00 80,99 5.0% 78,90.9% 004 9,094.5% 89,848.9% 005 96,499 5.9% 94,705 5.4% 006 04,0 8.0% 0,74 9.5% 007 4,55 9.6% 4,680 0.5% 008 9,568 4.7% 7,55.5% 009 97,84 8.% 94,68 9.9% 008 Q 9,769 4.4% 9,88 5.% Q 4 9,96.% 7,95 8.6% 009 Q,975 8.8%,97.9% Q,87.%,94 6.% Q 4,99 8.4%,77 0.8% Q 4 5,7.9% 5,0 8.6% 00 Q 4,895.8%,8.9% Tourism in Austria Overnight stays in,000 Change over thereof thereof Overnight stays previous year Austrians foreigners 00 6,798.5%,008 85,790 00 7,94.0%,604 86,0 004 7,4 0.7%,6 85,97 005 9,4.8%,50 87,74 006 9,6 0.%, 87,40 007,45.8%,008 88,44 008 6,79 4.%,879 9,840 009 4,07.9% 4,44 89,864 008 Q 40,576.7%,774 8,80 Q 4 0,70 5.7% 6,084 4,086 009 Q 4,64 8.9% 8,56,89 Q,4 9.% 7,684 4,747 Q 40,7 0.%,99 8,70 Q 4 9,800.8% 6,4,558 00 Q 4,88.5% 8,907,48 6 I Key Economoc Indicators, /00
Austria s Foreign Trade 009 Imports: EUR 97,86 million 6.4..9.. 7.. 8.5 Africa, Australia & Oceania America Asia Eastern Europe without EU members EFTA & other European countries Other EU 7 countries () New EU member states (CEE) (9) Euro area (5) Austria s Foreign Trade 009 Exports: EUR 94,68 million 54.5. 6.5 8.6 5. 6.4 4.7.9 Africa, Australia & Oceania America Asia Eastern Europe without EU members EFTA & other European countries Other EU 7 countries () New EU member states (CEE) (9) Euro area (5) Key Economic Indicators, /00 I 7
Key Economic Indicators Issue /00 Real Gross Domestic Product Percentage change over previous year USA World economy Euro area Austria 5 4 0 4 5 004 005 006 007 008 009 00 0 Enlargement as per 0/0: 007 Slovenia, 008 Malta & Cyprus, 009 Slovakia Forecast -Month Money In percent, monthly averages 7 6 5 4 0 00 USA UK Euro area Japan Switzerland 004 005 006 007 008 009 00 0 Enlargement as per 0/0: 007 Slovenia, 008 Malta & Cyprus, 009 Slovakia 8 I Key Economoc Indicators, /00
Consumer Prices Percentage change over previous year USA Germany Austria Japan Euro zone, 6 5 4 0 00 004 005 006 007 008 009 00 0 Based on the HICP Enlargement as per 0/0: 007 Slovenia, 008 Malta & Cyprus, 009 Slovakia Secondary Market Yields In percent, 0-year government bonds 6 USA Germany Austria Japan Switzerland 5 4 0 00 004 005 006 007 008 009 00 0 Key Economic Indicators, /00 I 9
Key Economic Indicators Issue /00 Share Price Indices January 000 = 00 500 400 00 00 00 0 ATX CECE (EUR) 00 004 005 006 007 008 009 00 0 00 80 60 40 0 0 Euro Stoxx 50 Nikkei 5 00 004 005 006 007 008 009 00 0 40 0 00 80 60 40 0 0 Dow Jones Industrial NASDAQ 00 004 005 006 007 008 009 00 0 0 I Key Economoc Indicators, /00
Overview 009 GDP nom. GDP per Exports Imports Inhabitants in EUR capita in in EUR in EUR in million billion EUR billion billion EU 7 499.7,805.7,600,094.4,99.7 EU 5 96.6 0,98.6 7,600,0.9,94.9 Euro 5 8.6 8,978.7 7,00,75.4,5.6 EU-CEE 0 0.0 848.0 8,00 65. 8. Austria 8.4 76.9,00 8.5 4.0 Belgium 0.8 7.,400 65. 5. Bulgaria 7.6.9 4,500.8 5.9 Czech Republic 0.5 7.,00 80.6 7.8 Denmark 5.5.9 40,400 66.9 59.4 Finland 5. 7.0,00 44.9 4. France 64.4,907. 9,600 4.6 96. Germany 8.,409. 9,00 88.5 668. Hungary 0.0 9.0 9,00 59.4 55.4 Ireland 4.5 6.5 6,800 8. 44.6 Italy 60.0,50.9 5,00 90. 94. Netherlands 6.5 570. 4,600 57. 9.5 Poland 8. 0.7 8,00 00. 0.4 Romania. 5.9 5,400 9.0 5.8 Russia 4. 884.6 6,00 6.6 7.0 Slovakia 5.4 6.,700 44.5 45.8 Slovenia.0 4.9 7,00 6. 6.8 Spain 45.8,05.,900 56.6 06. Sweden 9. 9.7,600 94.0 85.4 Switzerland 7.7 54.7 46,00 4.0.7 Turkey 7.6 44.7 6,00 79.0 96.7 Ukraine 46. 8.4,800 8..9 United Kingdom 6.6,566.7 5,400 5. 44.9 Brazil 94.4,8. 5,800 09.7 9.5 Canada.7 959. 8,500 6.7 8.5 USA 06.8 0,.0,00 757.7,7. China,4.7,59.5,600 86.7 79.9 India,66. 9.8 800 06. 7.7 Japan 7.,6. 8,600 46. 95.6 South Korea 49.4 596.9,00 60.6.6 EU 7, EU 5, Euro 5: trade with countries outside the respective area (extra-eu trade) Key Economic Indicators, /00 I
Key Economic Indicators Issue /00 Real Gross Domestic Product Percentage change over previous year 006 007 008 009 00 0 EU 7..9 0.7 4..0.7 EU 5.0.7 0.5 4. 0.9.6 Euro area..8 0.4 4..0. EU-CEE 0 6.6 6. 4. 4.0 0.7.0 Austria.6.7..9..4 Belgium.8.9.0.0..6 Bulgaria 6. 6. 6.0 5.0.0.8 Czech Republic 6.8 6..5 4..8. Denmark.4.7 0.9 4.9.6.8 Finland 4.4 4.9. 7.8.4. France.4. 0..5.4. Germany.4.6.0 4.9.8.5 Hungary 4.0.0 0.6 6. 0.5. Ireland 5.4 6.0.0 7. 0.9.0 Italy..4. 5. 0.9.0 Netherlands.4.6.0 4.0..8 Poland 6. 6.8 5..8.6.8 Romania 7.9 6. 7. 7..5.7 Russia 7.7 8. 5.6 7.9.4 5.0 Slovakia 8.5 0.6 6. 4.7.5.5 Slovenia 5.9 6.8.5 7.8 0.9.9 Spain 4.0.6 0.9.6 0.4 0.6 Sweden 4.6.4 0.6 5..7. Switzerland.6.6.8.4.0.5 Turkey 6.9 4.7 0.7 4.7 5.6 5. Ukraine 7. 7.6. 5..0 4.0 United Kingdom.9.6 0.5 4.9.0.0 Brazil.8 5.7 5. 0.4 4.7.7 Canada.8.6 0.4.4..9 USA.7. 0.4.4.0.4 China.6.0 9.6 9. 0.5 9.0 India 9.7 9. 6.4 5.7 9.4 8.4 Japan.0.4 0.7 5..7.8 South Korea 5.0 4.9. 0.8.8 4. Forecast Since 0/05/004 EU 5, since 0/0/007 EU 7 Enlargement as per 0/0: 007 Slovenia, 008 Malta & Cyprus, 009 Slovakia I Key Economoc Indicators, /00
Consumer Prices Percentage change over previous year 006 007 008 009 00 0 EU 7...7.0..6 EU 5... 0.5.6.7 Euro area.4... 0..5.7 EU-CEE 0. 4. 6...8.0 Austria.7.. 0.5.8.0 Belgium..8 4.5 0.0.6.6 Bulgaria 7. 8.4.4.8.7. Czech Republic.5.8 6..0.4.0 Denmark.9.7.6...5 Finland..6.9.6.7.9 France.7.5.8 0..5.5 Germany.6..6 0...4 Hungary.9 8.0 6. 4. 5.0.9 Ireland.7.9..7. 0.8 Italy..8. 0.8.6.9 Netherlands.7.6..0..5 Poland.0.5 4..5.5.6 Romania 6.6 4.8 7.9 5.6 6. 5.8 Russia 9.7 9.0 4..7 6. 6.7 Slovakia 4.5.8 4.6.6..0 Slovenia.5.6 5.7 0.9.0.9 Spain.6.8.8 4..5.6 Sweden.4..5 0..5.5 Switzerland. 0.7.4 0.5.. Turkey 9.6 8.8 0.5 6. 9. 6.8 Ukraine 9..8 5. 6.0 9.6.5 United Kingdom...6... Brazil. 4. 5.9 4. 4.0.9 Canada.0..4 0.4.4. USA..9.8 0..8. China.5 4.6 5.9 0.6.4.0 India 6.0 6.0 9. 8.4 8.6 5.7 Japan 0. 0.0.4..0 0. South Korea.5 4.7.5.8.6.7 Preliminary figures Forecast Since 0/05/004 EU 5, since 0/0/007 EU 7 4 Harmonised Consumer Price Index 5 Enlargement as per 0/0: 007 Slovenia, 008 Malta & Cyprus, 009 Slovakia Key Economic Indicators, /00 I
Key Economic Indicators Issue /00 Budget Deficit/Surplus In percent of GDP 006 007 008 009 00 0 Austria.6 0.5 0.4.4 5.0 4. Germany..6 0. 0.0. 5.5 France.0..7. 7.5 8.4 United Kingdom..6.7 4.8..0 Italy 4...5.7 5. 5. Russia 8.4 6.0 4.8 8.4 5.4 4. USA.6.9.. 9.9 8.8 Japan 6.7.6.5.8 7.5 7.8 Current Account Balances In percent of GDP 006 007 008 009 00 0 Austria.8.5...5.6 Germany France 0.4 0.5.0...4 United Kingdom.6..7.5.5. Italy.7.6.4.4..4 Russia 9.5 6. 6..9 5.5.8 USA 5.9 6.0 5. 4.9.9.4 Japan.6.9 4.8..8. Unemployment Rates In percent, annual averages 006 007 008 009 00 0 Austria 4.8 4.4.8 4.8 4.6 4.6 Germany 0.6 9.8 8.4 7. 7.5 7. France 8.9 8.8 8.0 7.4 9. 9.9 United Kingdom 4.8 5.4 5. 5.6 7.6 8. Italy 7.7 6.8 6. 6.8 7.7 8.5 Russia 6.7 5.6 6. 8.4 8. 7.4 USA 5. 4.6 4.6 5.8 9. 9.7 Japan 4.4 4..8 4.0 5. 5. Forecast 4 I Key Economoc Indicators, /00
Mean Exchange Rate of the Euro In currency units for one euro, annual or quarterly averages USD JPY GBP CHF CNY RUB 004.4 4.4 0.68.54 0.0 5.8 005.4 6.9 0.68.55 0.0 5.9 006.6 46.0 0.68.57 0.0 4. 007.7 6. 0.68.64 0.4 5.0 008.47 5.5 0.80.59 0. 6.4 009.9 0. 0.89.5 9.5 44.4 009 Q.4.9 0.87.5 9.77 44.78 Q 4.48.7 0.90.5 0.09 4.57 00 Q.8 5.6 0.89.46 9.45 4. Q.7 7.4 0.85.4 8.68 8.5 PLN CZK HUF HRK SEK TRY 004 4.5.9 5.8 7.50 9. X 005 4.0 9.78 48. 7.40 9.8.68 006.90 8.4 64. 7. 9.5.8 007.78 7.77 5.4 7.4 9.5.79 008.5 4.95 5.5 7. 9.6.9 009 4. 6.44 80. 7.4 0.6.6 009 Q 4.0 5.60 7. 7. 0.4.4 Q 4 4.7 5.9 70.9 7.8 0.5.0 00 Q.99 5.88 68.7 7.9 9.96.09 Q 4.0 5.58 74.6 7.5 9.6.96 Reference rates of the ECB, national statistics Since 0/0/005 New Turkish Lira (TRY) Holiday Euro On holiday, 00 euros are worth (June 00) 40 0 00 80 60 H CRO TR P USA GR UK E NL D A F I CA CH Key Economic Indicators, /00 I 5
Key Economic Indicators provides information on the most recent developments of selected economic indicators. Economic analyses and forecasts are available on Bank Austria s website: www.bankaustria.at under Financial Markets & Analysis in the section Economic Research Austria or directly at http://economicresearch-e.bankaustria.at Published by: UniCredit Bank Austria AG, 00 Vienna, Schottengasse 6-8 Edited by Economics & Market Analysis Austria Kurt Fesselhofer, tel. +4 (0)5 05 05/495 Petra Jellen, tel. +4 (0)5 05 05/495 E-mail: econresearch.austria@unicreditgroup.at Production: Corporate Culture Printed by Gutenberg Druck GmbH, Wr. Neustadt Graphics: Hans Ljung Photo: mauritius images Sources: Bank Austria, Consensus Forecast, Datastream, Eurostat, EZB, OECD, OeNB, Statistik Austria, UniCredit Research, WIFO Closing date: July 00 Despite careful research and the use of reliable sources, Bank Austria cannot assume liability for the completeness or accuracy of the information given herein. 6 I Key Economoc Indicators, /00