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The Social Democratic Party of Austria (German: Sozialdemokratische Partei Österreichs [zoˈtsi̯aːldemoˌkraːtɪʃə parˌtaɪ ˈøːstəraɪçs], SPÖ), founded and known as the Social Democratic Workers' Party of Austria (German: Sozialdemokratische Arbeiterpartei Österreichs, SDAPÖ) until 1945 and later the Socialist Party of Austria (German: Sozialistische Partei Österreichs) until 1991, is a social-democratic political party in Austria. Founded in 1889, it is the oldest extant political party in Austria. Along with the Austrian People's Party (ÖVP), it is one of the country's two traditional major parties. It is positioned on the centre-left on the political spectrum.