The measures and restrictions due to the corona pandemic and the gradual loosening show clear effects on the Austrian labour market for the months of March, April and May 2020, which partly differ from sector to sector. 434 000 cases of dependent employment ended in this period, and in 358 000 cases new employment was taken up.
In 2018, the year under review, the 3 044 226 persons employed by the 346 469 enterprises of the manufacturing and services sector achieved a turnover of €807.4 bn, resulting in a production value of €533.4 bn and a gross value added at factor costs of €216.0 bn. Personnel expenditure for the 2 718 860 employees amounted to €134.0 bn, and the investment volume totalled €41.6 bn.
Government debt amounted to €289.1 bn or 72.8% of the gross domestic product (GDP) at the end of the first quarter 2020. It was thus €8.7 bn higher than at the end of the fourth quarter 2019; the debt ratio (government debt in relation to GDP) increased by 2.4 percentage points.
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