Country Overview
The selected country for analysis comprises of Austria (AUT) located in Europe. The economic performance of AUT shows profound progress and competitive capacity. This is attributed to its expansive economic performance with a gross domestic product (GDP) of 445.1 billion (2019). The GDP per capital of AUT shows a high resilience capacity that is vital to support the economic growth and developments of the country. AUT has a GDP per capita of 50,137.66 USD (2019).
Evolution of Crop and Animal Production
The crop and animal production and hunting under the variable CAP code A01 over the years in AUT has lagged behind. The figures show a negative value from 2000 to 2014. WIOD Socio-Economic Accounts shows that 2000, AUT recorded -685, 2001 (-429), 2002 (-589), 2003 (-664), 2004 (-423), 2005 (-769), 2006 (-493), 2007 (-172), 2008 (28), 2009 (-726), 2010 (-517), 2011 (-33), 2012 (-85), 2013 (-361), and 2014 (-437). Only in the year 2008 recorded a positive value. This indicates the poor performance and struggling of the crop and animal production, hunting sector in the country.
Under variable COMP code A01, crop and animal production, hunting shows a progressive value. From 2000 (242), 2001 (240), 2002 (250), 2003 (258), 2004 (263), 2005 (265), 2006 (265), 2007 (292), 2008 (272), 2009 (284), 2010 (300), 2011 (331), 2012 (360), 2013 (381), and 2014 (404). The data shows progress and resilience capacity of the sector to remain afloat.
Like variable COMP, variable EMP shows positivity in the performance of the crop and animal production, hunting sector. This is fundamental for AUT to sustain its economic growth and development.
Similarly, variable GO shows high performance with a record of 5,658 to 7,237. Variable GO has the best performance rate which shows the critical impact the sector plays on the economy.
Variables GO_PI, GO_QI, H_EMPE, II_PI, and II_QI has a relatively low performance. Variable II shows a revert of the performance of crop and animal production and hunting sector.
Variable K has the highest performance rate in the tune of 25,985 to 38,237 in 2000 and 2014 respectively.
