Austria vs Slovakia: Economic Indicators Comparison

Austria with a GDP of $455.3B ranked the 28th largest economy in the world, while Slovakia ranked 62nd with $105.9B. By GDP 5-years average growth and GDP per capita, Austria and Slovakia ranked 139th vs 65th and 16th vs 47th, respectively.

Gross Domestic Product & Income

StatAustriaSlovakia
GDP$455.3B$105.9B
GDP growth, 1 year2.7%4.1%
GDP growth, 5-years average1.8%3.5%
Population8.8M5.4M
GDP per capita$51k$19k
GDP per capita growth1.85%3.89%
Purchasing Power Parity conversion factor0.790.49
Price level ratio of PPP conversion factor GDP to market exchange rate0.930.58
GDP per capita, PPP adjusted$52k$35k
GNI, Atlas method$436.3B$99.5B
GNI per capita$49k$18k
GNI, PPP adjusted$489.3B$180.1B
GNI per capita, PPP adjusted$55k$33k

Financial system and Human development

StatAustriaSlovakia
Income Tax Rate50%25%
Corporate Tax Rate25%21%
Inflation, consumer prices2.1%2.5%
Inflation, GDP deflator1.7%2%
Unemployment4.8%6.8%
Economic Freedom Index73.366.8
Personal Freedom Index9.028.87
Human Freedom Index8.428.29
Property Rights Index87.373.1
Judical Effectiveness Index73.241.7
Business Freedom Index7355.3
Fiscal Health Index87.992.6
Labor Freedom Index68.352.6
Investment Freedom Index9075
Financial Freedom Index7070
Trade Freedom Index86.486.4
Monetary Freedom Index8175.9
Government Spending Index27.250.2
Tax Burden Index51.378.5
Government Integrity Index8449.7
Corruption Perceptions Index7650
Life expectancy at birth, years81.677.2
Suicide mortality rate, per 100,000 people15.612.8
Mortality caused by road traffic injury, per 100,000 people5.26.1
Intentional homicides, per 100,000 people0.71.5
International tourism, number of arrivals30.8M2.3M

Government debt & reserves

StatAustriaSlovakia
Central government debt, % of GDP74.2%48.8%
External debt stocks, % of GNIN/AN/A
External debt stocksN/AN/A
Short-term debt, % of total reservesN/AN/A
Total debt service, % of exports and primary incomeN/AN/A
Adjusted net savings including particulate emission damage, % of GNI14.1%5.6%
Gross savings, % of GDP27.6%22.1%
Gross capital formation, % of GDP25.1%23.4%
Total reserves including gold$23.2B$5.2B
Foreign direct investment net inflows$4.2B$2.6B

Exports, imports and economic structure

StatAustriaSlovakia
Exports of goods and services, % of GDP55.8%96.1%
Imports of goods and services, % of GDP52%94.1%
Current account balance (balance of payments)$10.8B-$2.8B
Revenue excluding grants, % of GDP43.4%37.7%
Grants excluding technical cooperation, BoPN/A$183.9M
Personal remittances received$3.1B$2.1B
Industry including construction value added, % of GDP25.7%30.1%
Agriculture, forestry and fishing value added, % of GDP1.1%2.4%
Charges for the use of intellectual property, payments BoP$2B$749.1M
Charges for the use of intellectual property, receipts BoP$1.4B$55.5M
Expense, % of GDP44.2%39%
Government Expenditure, % of GDP49.3%40.8%

Compare with countries close by GDP per capita

Austria vs

CountryGDP
per capita
Population
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k

Slovakia vs

CountryGDP
per capita
Population
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Seychelles
$16k
95.8k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M