©Austrian Police Handout Jan 2019/AFP

Natural hazards can lead to costly disasters, which is why public authorities must work hard to reduce risks and to be prepared financially. What can governments do to strengthen their fiscal resilience?

After four years of disappointing growth, economic activity picked up in 2016. It has been supported by a fiscal reform that boosted household disposable income, a catch-up of investment and solid job creation, especially among elderly, women and immigrants. These factors will continue to support growth in 2017 and, to a lesser extent, in 2018.

Austria Snapshot 2013

Find key economic figures and trends for Austria from OECD Yearbook 2013

Economic data

GDP growth: +0.5% Q2 2019 year-on-year
Consumer price inflation: 1.9% August 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.1% August 2019
Last update: 9 September 2019

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