Country Population & Economic Analysis: Austria | Homework Help

Population

The selected country comprises of Austria, European. The current population (2020) is found to be 9,006,398. Table 1 below summarizes the population growth from 1950 – 2020.

Table 1: Austria Population Growth 1950 – 2020.

Year Population Yearly % Change
2020 9,006,398 0.57%
2019 8,955,102 0.72%
2018 8,891,388 0.81%
2017 8,819,901 0.83%
2016 8,747,301 0.79%
2015 8,678,660 0.63%
2010 8,409,949 038%
2005 8,253,650 0.45%
2000 8,069,276 0.20%
1995 7,990,121 0.68%
1990 7,723,949 0.28%
1985 7,614,868 0.01%
1980 7,609,752 -0.07%
1975 7,537,689 0.32%
1970 7,516,239 0.57%
1965 7,305,158 0.65%
1960 7,070,766 0.34%
1955 6,953,406 0.05%

(Source: Worldometer, 2021).

Figure 1 below summarizes the population of Austria over the years. The population growth shows a positive trajectory in the increase Austrian citizens.

Figure 1: Austria Population Growth.

(Source: Worldometer, 2021).

Weather

Austria experiences alternating weather seasons; cold and warm seasons. The winters are very cold, dry, and windy while the summer is warm. The variation of temperatures consists of 27oF to 79oF.

Economy Evolution

GDP per Capita

Table 2: Economic Growth – GDP per Capita 2015 – 2019.

  2015 2016 2017 2018 2019
GDP per Capita (EUR) 39,892 40,881 42,008 43,411 44,545

 

Total GDP

Table 3: GDP Growth and Percentage Change.

  2015 2016 2017 2018 2019
GDP (EUR bn) 344 357 370 386 399
Economic Growth (GDP) 1.0 2.1 2.5 2.4 1.6

 

Tables 2 and 3 summarizes the economic growth per capita and overall gross domestic product and its annual percentage increase. The low population of Austria enables the country to experience a high GDP per capita. Also, the economic growth percentage shows profound resilience in expanding of the economic. This is essential to sustain the GDP per capita growth across the growing population.

Main Characteristics of Agriculture

Agriculture in Austria represents a crucial element of the country’s economy with main crops being barley, cattle, corn (maize), grapes, pigs, potatoes, sugar beets, and wheat. However, Austria’s agricultural potential is limited by the country’s mountainous terrain presenting that only half of the land can be cultivated for agriculture purposes. Therefore, reliance on agriculture for economic growth and sustainability of the country’s economy (The World Bank, 2021).

References

The World Bank. (2021). Population growth (annual %) – Austria. Retrieved April 6, 2021, from https://data.worldbank.org/indicator/SP.POP.GROW?end=2019&locations=AT&start=1961&view=chart

Worldometer. (2021). Austria Population. Retrieved April 6, 2021, from https://www.worldometers.info/world-population/austria-population/

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