Austria (EUR, Euro) Currency FX Analysis
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Austria SWOT Statistics
Currency Strength Survey
Austria Economic News
Austria is the 12th richest country in the world in terms of GDP and its citizens experience a fairly high standard of living. Their official language is German which is spoken by approximately 88% of its citizens. Austria’s economy is comprised of a large service sector, a strong industrial sector, and a small, yet highly developed agricultural sector. Austria’s main industries are machinery, vehicles, metals, food, lumber, paper, and tourism. Austria experienced a negative industrial growth rate of (16.5)% in 2009 do to a fall in exports of approximately 30% in 2009. Tourism plays a large role in the Austrian economy and accounts for about 10% of GDP. It's the 10th most visited country in the world.
Euro Currency Analysis Update
Austria (EUR) has a service-based, capitalist economy, with tourism as its main industry. Austria's Fundamental Currency Analysis (short term investment): Austria is part of the Euro economic zone, whose currency is moderately valued on a global scale per the purchase price parity. Austria's Value Investor Survey (short term investment): Austria’s economic environment is very favorable for long term economic growth, due to high scores on government transparency. Austria's Currency Trading Strategy: A moderately-valued currency, low investment flow potential, but favorable business environment leads to a neutral outlook for Austrian investments.
Factors That Positively Affect The Euro
- A Common Currency The euro (€) is the official currency of 16 of the 27 member states of the European Union (EU). The states, known collectively as the Eurozone, are Austria, Belgium, Cyprus, Finland, France,...
Factors That Negatively Affect The Euro
- Declining Birth Rate The effects of a declining population can be adverse for an economy which has borrowed extensively for repayment by younger generations; however, a smaller human population has a smaller impact on...