Austria - Services

Austria has an advanced industrial economy with a significant service sector. The service sector contributes more than 66 percent of the gross domestic product and employs 68 percent of the population. There is a substantial amount of foreign investment in the service sector. Foreign interests control most of the large computer-servicing firms, whereas tourism is in the hands of local interests. Management consultancy has also come to play a larger role in the Austrian economy, especially given Austria's role as a link between Eastern and Western Europe.