Economy of the Habsburg monarchy

[1] With the abolition of serfdom in the 18th century, the Habsburg monarchy, with the major industrial, mining areas and forestry of regions Moravia and Bohemia leading the way, began to experience unprecedented economic growth.

Beginning in 1841 per capita annual growth in the Habsburg monarchy approached 3.6 percent, a number rivaling that of neighboring Germany.

Despite not being part of Prussia's Zollverein, Austrian production of pig iron, coal, cotton textiles, woolens and foodstuffs was growing faster than in the other German states.

Work on a steam railway heading north from Vienna started in 1836, when the revolutions broke out the monarchy contained more than 1,600 km of track.

[3] Austria and Bohemia had a strong textile industry back then, there were steel and manufacturing settlements and factories for the production of glass and paper.