The commercial industrial gas market in Austria is estimated to have generated revenues of $465 million in 2014. This is up from around $300 million in 2004, indicating an average annual growth rate of 4.6% for the decade.
The Economy
Between 2004 and 2014 GDP grew by an average of 5.7% p.a., or 1.4% if adjusted for inflation. An advanced economy with a high standard of living, Austria’s economy is closely interwoven with a number of other EU economies, including the continent’s main economic powerhouse, Germany.
The global crash resulted in an intense, yet relatively short-lived recession. Unemployment has not risen as high as in many other European nations, in part due to government intervention in the labour market to subsidise sections of working hours to alleviate some of the cost of that businesses face in maintaining employees.
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