Austria &Amp; Estonia Economy

Mini-Paper #4: Economy
Austria
Currency: Euro (EUR)
Public Debt: 59.1% of Gross Domestic Product
reckon: revenues: $177.5 billion expenditures: $179.9 billion
Inflation prize: 2.2%
Labor Force: 3.566 million
Unemployment consecrate: 4.4%

Commentary:
Austria has a well- cognize history of a higher(prenominal) standard of living and is very similar to several EU economies. Austria uses the Euro and has done so since 1998. Austrias deliverance prospers greatly from moneymaking(prenominal) relations like banking and insurance. Austrias date in these sectors and their involvement in the European Union and Austrias access to a single European market has brought numerous amounts of foreign investors which has lead to a prosperous investment Economy. Austria has experienced slowed stinting encourage though in 2008 as rising oil prices and increase problems in the financial market are major issues and Austria has a very noticeable public debt. I feel that for Austria to go by with economic progress and decrease their public debt, it must persist to be a competitive investment entity as it faces climbing financial problems other nations face these problems, Austria and all its sectors will be a nation that many invest their money in an attempt to avoid their own countrys economic fallouts.





Estonia
Currency: Estonian kroon (EEK)
Public Debt: 3.4% of Gross Domestic Product
cypher: revenues: $7.854 billion, expenditures: $7.171 billion
Inflation Rate: 6.6%
Labor Force: 687,000
Unemployment Rate: 4.7%

Commentary:
Estonias small but strong economy benefits greatly from successful telecommunication sectors and electronic sectors. Estonia is also known for a very strong commercial baking sector. organism that those are Estonias main sectors of its free-market-based economy, it has experienced near economic progress with relatively low public debt different Austria. In 1994, Estonia became one of the only countries in the world to lay down a flat tax of 26%, regardless of...If you lack to get a full essay, order it on our website: Ordercustompaper.com



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