Austria - Research Article from Governments of the World

This encyclopedia article consists of approximately 10 pages of information about Austria.
This section contains 2,712 words
(approx. 10 pages at 300 words per page)
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Socioeconomic Conditions and Quality of Life

Austria is an affluent and prosperous country. Based on the so-called equivalized income of households, Austria ranked second among the fifteen member nations of the European Union (EU), behind Luxembourg. According to the same 2003 European Community Household Panel, the proportion of households in possession of savings was the highest among all EU countries. Austrians also have a highly developed Social Security system that remains at the disposal of every segment of the population. As a result, the proportion of the gross domestic product (GDP) spent on social services, that is, benefits for the ill and disabled, the elderly, and the unemployed, is high.

Brief History

At the end of World War I (1918) the Danube Monarchy of the Habsburgs dissolved into a plurality of emerging states; Austria was formed from what remained. Most political forces on the Left and the Right clamored for the...

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This section contains 2,712 words
(approx. 10 pages at 300 words per page)
Buy the Austria Encyclopedia Article
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Governments of the World
Austria from Governments of the World. Copyright © 2001-2006 by Macmillan Reference USA, an imprint of the Gale Group. All rights reserved.
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