RECENTLY RELEASED
06.04.2021
Number of persons employed in trade and in services decreased in 2020
In 2020, the number of persons employed decreased by 1.7% in trade and by 7.3% in services compared to 2019. Hours worked by employees fell by 9.9% in trade and by 19.3% in services. Wages and salaries also declined by 1.3% for employees of trade enterprises and by 4.3% for employees in services enterprises.
01.04.2021
Public Finances 2020: government deficit at 8.9% of GDP, government debt at 83.9%
In 2020, Austria's government deficit amounted to 8.9% of gross domestic product (GDP) or €33.2 bn, the highest deficit since records began in 1954. At the end of 2019, a surplus of €2.4 bn or 0.6% of GDP was achieved. As preliminary results further show, government expenditure rose by 12.6% or €24.4 bn, while government revenue decreased by 5.8% or €11.3 bn. Government debt increased in relative terms from 70.5% of GDP in 2019 to 83.9% of GDP in 2020 and in absolute terms from €280.3 bn in 2019 to €315.2 bn.
01.04.2021
Household saving rate was 14.5% in Austria in 2020
In 2020, the net saving rate of households in Austria was 14.5%, after 8.2% in 2019 and 7.8% in 2018. According to provisional results of the quarterly sector accounts, final consumption of the household sector decreased by 8.6% in nominal terms, whereas household disposable income decreased by 1.9%.