EU Country – Austria
Austria EU Member Banzai Japan Music Video Overview Capital: ViennaOfficial EU language(s): GermanEU Member State: since 1 January 1995 Currency: euro (€) Euro area: member since 1 January 1999 Schengen: member since 1 December 1997 Figures: Geographical size: 83 882 km2 Population: 9 158 750 (2024) (Source: Eurostat – figures for geographical size and population) Novotel Hotel Bookings Political system Austria is a federal parliamentary republic with a chancellor who is the head of government and a president who is the head of state. The country consists of 9 states (Bundesländer). Both regional and federal governments exercise executive power. The federal Parliament has 2 chambers: the directly elected Lower House (Nationalrat) and the Upper House (Bundesrat) which is elected by regional parliaments. Trade and economy Austria ranks fifth in the European Union in terms of GDP per capita with €46 200, well above the EU average (€37 600). It accounts for 2.8% of the EU’s total GDP. (Source: Eurostat – figures for GDP per capita and GDP) Banzai Japan Music Video Budgets and funding How does Austria benefit from the EU budget? The EU budget is the tool to ensure that Europe remains a democratic, peaceful, prosperous and competitive force. The EU uses it to finance its priorities and big projects that most individual EU countries could not finance on their own. The benefits of EU membership significantly exceed the size of the EU budget contributions and the examples are many. All Member States benefit from being part of the Single Market, a shared approach to the common challenges of migration, terrorism and climate change, and concrete gains like better transport infrastructure, modernised and digitalised public services and cutting-edge medical treatment. How much each EU country pays into the EU budget is calculated fairly. The larger your country’s economy, the more it pays – and vice versa. The EU budget is not about giving and taking – it’s about collectively contributing to making Europe and the world a better place for us all. EU budget spending and revenue per country and per year EU-funded projects in Austria Money from the EU budget helps fund programmes and projects in all EU countries – for example to build roads, subsidise researchers and protect the environment. Find out more about how Austria benefits from EU funding and recovery funds in your country or region. Novotel Hotel Booking
