Located in central Europe, Austria is a landlocked democratic republic with nine federal states. The capital and largest city in Austria is Vienna (Wien), with a population of approximately 1.8 million inhabitants, followed by Graz and Linz. Austria has a total population of around 8.8 million inhabitants, a number which has been increasing steadily and is estimated to grow above nine million by 2023.
With a moderately low fertility rate and rather high life expectancy, the median age of the population is one of the highest worldwide. Austria has a high standard of living – it is ranked among the leading countries on the Human Development Index, an important indicator in estimating the standard of living which takes parameters like fertility rates, life expectancy and literary rates of a country into account. Additionally, Vienna was ranked as one of the cities with the highest standard and quality of living in 2010.
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