Austria an investment location?

Austria is a well-developed country with a strong national economy and a high standard of living. Capital investments achieved a significant growth rate of +5.0%, with the principal stimulus coming from the construction industry. Austria has a thriving economy and is the 3rd wealthiest EU country as measured by per capita GDP, just behind Luxembourg and Ireland.

In addition unemployment is extremely low. The Austrian economy has been growing steadily in recent years with an estimated GDP growth is 3.3% (2006) Unemployment rate is only 4.9%. Austria’s real GDP will grow by 3.2% in 2007, by 2.7% in 2008 and by 2.3% in 2009. economic outlook of the Oesterreichische Nationalbank (OeNB). V.A.T-The standard V.A.T. rate in Austria is 20%.There is a reduced V.A.T. rate of 10%. The reduced VAT rate applies to tourism services, food and agriculture. The tourism and leisure industry accounts for over 16% of Austria's total gross domestic product and is one of Austria's key industries.

More information on Austria see worldpropertiesandland.com

Sources:

1. http://www.anglogermantrade.com/countryinfo/austria_economy.htm
2. http://www.indexmundi.com/austria/gdp_real_growth_rate.html
3. https://www.cia.gov/library/publications/the-world-factbook/geos/au.html
4. http://www.worldwide-tax.com/austria/austriataxes.asp
5. http://www.channel4.com/4homes/ontv/place_in_the_sun/20_make_money-2.html