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°°Austria°°
• GNI per capita: $45,375
• 2017 GDP: $400.2 billion (45th out of 196 countries)
• Population: 8.8 million
• Life expectancy at birth: 81.6 years
Austria was the 30th largest exporter in the world in 2017, despite being just the 96th largest country in terms of population. Machines and transportation vehicles accounted for much of the country's exports worth.
Austria encourages innovation to bolster its economy. Like several other countries that rank among the richest in the world, research and development accounts for a significant percentage of Austria's GDP. Austria is one of just six countries in which research and development spending is equal to more than 3% of GDP.
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