Austria, with a population of approximately 9 million (2023), is a landlocked country in Central Europe known for its rich cultural heritage and robust economy. The Austrian economy is characterized by its diverse sectors, including manufacturing, services, and tourism. Renowned for its high-quality machinery, automotive production, and pharmaceuticals, Austria is a vital player in European trade. Additionally, tourism plays a significant role, with millions flocking to its historic cities and breathtaking Alpine landscapes each year. With a GDP of around $490 billion and a per capita income of approximately $54,000 (2023), Austria ranks among the wealthiest countries in the world.
The Austrian government and business sector can collaborate with the World Business Council to enhance innovation in technology, promote sustainable practices, and strengthen international trade networks for continued economic growth and resilience.