_#_Other political or pressure groups: Federal Chamber of Commerce and Industry; Austrian Trade Union Federation (primarily Socialist); three composite leagues of the Austrian People's Party (OVP) representing business, labor, and farmers; OVP-oriented League of Austrian Industrialists; Roman Catholic Church, including its chief lay organization, Catholic Action
_#_Member of: AfDB, AG (observer), AsDB, BIS, CCC, CE, CERN, CSCE,
EBRD, ECE, EFTA, ESA, FAO, G-9, GATT, IADB, IAEA, IBRD, ICAO, ICC, ICFTU,
IDA, IEA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, IOM, ISO,
ITU, LORCS, NAM (guest), NEA, OAS (observer), OECD, PCA, UN, UNCTAD,
UNESCO, UNDOF, UNFICYP, UNHCR, UNIDO, UNIIMOG, UNTSO, UPU, WCL,
WFTU, WHO, WIPO, WMO, WTO
_#_Diplomatic representation: Ambassador Friedrich HOESS; Embassy at 2343 Massachusetts Avenue NW, Washington DC 20008; telephone (202) 483-4474; there are Austrian Consulates General in Chicago, Los Angeles, and New York;
US—Ambassador Roy Michael HUFFINGTON; Embassy at Boltzmanngasse 16, A-1091, Vienna (mailing address is APO New York 09108-0001); telephone [43] (222) 31-55-11; there is a US Consulate General in Salzburg
_#_Flag: three equal horizontal bands of red (top), white, and red
_*Economy #_Overview: Austria boasts a prosperous and stable capitalist economy with a sizable proportion of nationalized industry and extensive welfare benefits. Thanks to an excellent raw material endowment, a technically skilled labor force, and strong links to West German industrial firms, Austria has successfully occupied specialized niches in European industry and services (tourism, banking) and produces almost enough food to feed itself with only 8% of the labor force in agriculture. Improved export prospects from German unification and the opening of Eastern Europe will also boost the economy during the next few years. Living standards are roughly comparable with the large industrial countries of Western Europe. Problems for the l990s include an aging population, the high level of subsidies, and the struggle to keep welfare benefits within budget capabilities. Austria, which has applied for EC membership, is currently involved in EC and European Free Trade Association negotiations for a European Economic Area and will have to adapt its economy to achieve freer movement of goods, services, capital, and labor with the EC.
_#_GDP: $111.0 billion, per capita $14,500; real growth rate 4.5% (1990)
_#_Inflation rate (consumer prices): 3.3% (1990)
_#_Unemployment: 5.4% (1990)
_#_Budget: revenues $44.1 billion; expenditures $49.6 billion, including capital expenditures of $NA (1990)