Austria (EUR, Euro) Currency FX Analysis
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Austria SWOT Statistics
Currency Strength Survey
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
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...
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