Political parties and leaders: Social Democratic Party of Austria or SPOe [Viktor KLIMA, chairman]; Austrian People's Party or OeVP [Wolfgang SCHUESSEL, chairman]; Freedom Party of Austria or FPOe [Joerg HAIDER, chairman]; Communist Party or KPOe [Walter BEIER, chairman]; The Greens or GA [Madeleine PETROVIC, parliamentary caucus floor leader and Alexander VAN DER BELLEN, party spokesman]; Liberal Forum or LF [Heide SCHMIDT]
Political pressure groups and leaders: Federal Chamber of Trade and Commerce; Austrian Trade Union Federation (primarily Socialist) or OeGB; three composite leagues of the Austrian People's Party or OeVP representing business, labor, and farmers; OeVP-oriented League of Austrian Industrialists or VOeI; Roman Catholic Church, including its chief lay organization, Catholic Action
International organization participation: AfDB, AG (observer), AsDB,
Australia Group, BIS, BSEC (observer), CCC, CE, CEI, CERN, EAPC, EBRD,
ECE, EIB, ESA, EU, FAO, G- 9, IADB, IAEA, IBRD, ICAO, ICC, ICFTU,
ICRM, IDA, IEA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Intelsat, Interpol,
IOC, IOM, ISO, ITU, MINUGUA, MINURSO, MTCR, NAM (guest), NEA, NSG, OAS
(observer), OECD, OSCE, PCA, PFP, UN, UNCTAD, UNDOF, UNESCO, UNFICYP,
UNHCR, UNIDO, UNIKOM, UNITAR, UNMIBH, UNMOT, UNOMIG, UNRWA, UNTSO,
UNU, UPU, WCL, WEU (observer), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC
Diplomatic representation in the US: chief of mission: Ambassador Helmut TUERK chancery: 3524 International Court NW, Washington, DC 20008-3035 telephone: [1] (202) 895-6700 FAX: [1] (202) 895-6750 consulate(s) general: Chicago, Los Angeles, and New York
Diplomatic representation from the US: chief of mission: Ambassador Kathryn Walt HALL embassy: Boltzmanngasse 16, A-1091, Vienna mailing address: use embassy street address telephone: [43] (1) 313-39 FAX: [43] (1) 310-0682
Flag description: three equal horizontal bands of red (top), white, and red
@Austria:Economy
Economy-overview: Austria, a member of the European Union since 1 January 1995, has a well-developed market economy with a high standard of living. With exports of goods and services reaching over 40% of GDP, Austria's economy is closely integrated with other EU member countries, especially with Germany. Austria's entry into the EU has drawn an influx of foreign investors attracted by Austria's access to the single European market. Austria is well on its way to meeting all Maastricht convergence criteria for monetary union, through privatization efforts, the 1996-98 budget consolidation programs, and austerity measures, which were expected to bring total public sector deficit down to 3% of GDP in 1997 and public debt in line with the 60% of GDP required by the EU. Cuts mainly affect the civil service and Austria's generous social system, the two major causes of the government deficit. To meet increased competition from both the EU and Central European countries, Austria will need to emphasize knowledge-based sectors of the economy and deregulate the service sector, particularly telecommunications and the energy sector. Economic prospects are expected to brighten in 1998 with GDP growth projected to be 2.5%.
GDP: purchasing power parity-$174.1 billion (1997 est.)
GDP-real growth rate: 2.1% (1997 est.)