How rich is Austria? - ProProfs Discuss
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How rich is Austria?

Asked by K. Tanaka, Last updated: Jul 16, 2020

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J. Shatner

J. Shatner

J. Shatner
J. Shatner, Content writer, Boston

Answered Apr 09, 2019

Compared to other countries, Austria is known for having a strong economy. They are highly developed and have a strong GDP per capita. It is probably one of the richest countries in the world. Sometimes, it flies under the radar because they are not thought of especially due to their economy.

Compared to other countries, Austria is known for having a strong economy. They are highly
However, they do have a strong economy and a lot of tourists come to visit which brings in money. Instead of having an agricultural economy which is commonly found more in weaker countries with weaker economies, they have mostly service jobs which bring in more money. Compared to the U.S. Austria has a much smaller debt and almost the same GDP per capita as the U.S. Their deficit is much smaller than the U.S.’s too.

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