The empress's 40-year rule starting in 1740, marked by administrative and educational advances while she consolidated control of her territory, earned her a cherished reputation as the "mother of her peoples".
It was an image carefully maintained while in power, and one still evoked today by her imposing statue in Vienna, which was surrounded by a field of flowers on Saturday.
"Her various motherly aspects -- anxious, stern, kindly, affectionate, loving -- reinforced her position as monarch," the historian Anne-Sophie Banakas told AFP.
A full day of events were planned throughout the city's museums to mark Maria Theresa's birth on May 13, 1717, the high point in a year of exhibits, book releases and festivities across Austria.
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Though she was just 23, pregnant and ill prepared to rule when ascending to the throne after her father's death, Maria Theresa quickly surrounded herself with loyal advisors and honed her political and diplomatic instincts.
Researchers have recently underscored less admirable traits -- including religious intolerance, a hostility to Enlightenment thinkers and a willingness to impose marriages on her children to consolidate the empire.