Foreign trade as a share of GDP reached 104 % in 2017 in Austria, according to the National Statistical Office. This is 3.34 % more than in the previous year.
Historically, foreign trade as a share of GDP in Austria reached an all time high of 105 % in 2012 and an all time low of 44.9 % in 1961. When compared to Austria's main peers, foreign trade as a share of GDP in Germany amounted to 86.5 %, 169 % in Hungary, 59.4 % in Italy and 119 % in Switzerland in 2017.
Austria has been ranked 45th within the group of 165 countries we follow in terms of foreign trade as a share of GDP, 12 places above the position seen 10 years ago.
Trade is the sum of exports and imports of goods and services measured as a share of gross domestic product.