Austria Country Commercial Guide
Learn about the market conditions, opportunities, regulations, and business conditions in austria, prepared by at U.S. Embassies worldwide by Commerce Department, State Department and other U.S. agencies’ professionals
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Austria is a wealthy market, with the 22nd highest GDP per capita and the 30th highest GDP worldwide. Its economy is diversified and highly international, with a manufacturing sector that accounts for nearly 20% of the country’s GDP. Historic unemployment rates are modest, social stability is strong, and democracy and the rule of law are firmly established. The capital city of Vienna regularly places at the top of world quality-of-life rankings.

Over 300 U.S. companies operate subsidiaries in Austria, most with a focus on the Austrian market.

Austria’s domestic manufacturing sector is composed largely of family-owned businesses, some of which have captured a global niche market. Examples of these “hidden champions” are Rosenbauer (fire trucks), Doppelmayr (ski lifts), Frequentis (control tower technology) or Scheibel (mine detection). Austria is fully integrated into the European and global economy, and many sectors rely heavily on imports. Best prospect sectors for U.S. exporters to Austria, as listed below, are detailed in the Leading Sectors for U.S. Exports and Investments section of this Country Commercial Guide.  These sectors are: Medical Devices; Pharmaceuticals; Education; Travel & Tourism; and Cybersecurity.

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Global Business Navigator Chatbot Beta

Welcome to the Global Business Navigator, an artificial intelligence (AI) Chatbot from the International Trade Administration (ITA). This tool, currently in beta version testing, is designed to provide general information on the exporting process and the resources available to assist new and experienced U.S. exporters. The Chatbot, developed using Microsoft’s Azure AI services, is trained on ITA’s export-related content and aims to quickly get users the information they need. The Chatbot is intended to make the benefits of exporting more accessible by understanding non-expert language, idiomatic expressions, and foreign languages.

Limitations

As a beta product, the Chatbot is currently being tested and its responses may occasionally produce inaccurate or incomplete information. The Chatbot is trained to decline out of scope or inappropriate requests. The Chatbot’s knowledge is limited to the public information on the Export Solutions web pages of Trade.gov, which covers a wide range of topics on exporting. While it cannot provide responses specific to a company’s product or a specific foreign market, its reference pages will guide you to other relevant government resources and market research. Always double-check the Chatbot’s responses using the provided references or by visiting the Export Solutions web pages on Trade.gov. Do not use its responses as legal or professional advice. Inaccurate advice from the Chatbot would not be a defense to violating any export rules or regulations.

Privacy

The Chatbot does not collect information about users and does not use the contents of users’ chat history to learn new information. All feedback is anonymous. Please do not enter personally identifiable information (PII), sensitive, or proprietary information into the Chatbot. Your conversations will not be connected to other interactions or accounts with ITA. Conversations with the Chatbot may be reviewed to help ITA improve the tool and address harmful, illegal, or otherwise inappropriate questions.

Translation

The Chatbot supports a wide range of languages. Because the Chatbot is trained in English and responses are translated, you should verify the translation. For example, the Chatbot may have difficulty with acronyms, abbreviations, and nuances in a language other than English.

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