Austria | Economic Forecasts | 2017-2020 Outlook

This page has economic forecasts for Austria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Austria economy.


Overview Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.80 0.5 0.5 0.4 0.4 0.3 percent [+]
Unemployment Rate 7.70 8 10 8.8 7.7 9.2 percent [+]
Inflation Rate 2.10 2 2.2 2.4 2.5 2.2 percent [+]
Interest Rate 0.00 0 0 0.25 0.25 0.5 percent [+]
Balance of Trade -43.00 -243 -286 -306 -326 -394 EUR Million [+]
Government Debt to GDP 84.60 84 84 83.6 83.6 82.5 percent [+]
MARKETS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Currency 1.19 1.19 1.18 1.16 1.15 1.02 [+]
Stock Market 3305.97 3120 3080 3050 3020 2680 points [+]
Government Bond 10Y 0.63 0.66 0.66 0.67 0.68 0.75 percent [+]
GDP Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
GDP Growth Rate 0.80 0.5 0.5 0.4 0.4 0.3 percent [+]
GDP Annual Growth Rate 2.20 2.6 2.6 2.5 2.4 2.2 percent [+]
GDP 386.43 396 402 396 389 464 USD Billion [+]
GDP Constant Prices 79501.99 80618 82911 78814 80331 83240 EUR Million [+]
Gross National Product 349.49 3811 3814 4621 5428 12926 EUR Million [+]
Gross Fixed Capital Formation 18943.83 18118 18207 18197 18198 18198 EUR Million [+]
GDP per capita 47703.91 47867 47878 47913 47948 48195 USD [+]
GDP per capita PPP 44143.70 43998 43909 43927 43946 43949 USD [+]
LABOUR Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Unemployment Rate 7.70 8 10 8.8 7.7 9.2 percent [+]
Employed Persons 3740.10 3725 3617 3600 3668 3646 Thousand [+]
Unemployed Persons 311492.00 327346 373296 355824 328370 348751 [+]
Long Term Unemployment Rate 1.90 1.93 1.87 1.93 1.87 1.91 percent [+]
Youth Unemployment Rate 9.70 10.48 10 10.13 10.12 10.11 percent [+]
Labour Costs 115.80 113 116 113 116 116 Index Points [+]
Job Vacancies 61868.00 58977 52987 54540 57390 56085 [+]
Wages 2598.50 2629 2641 2651 2661 2798 EUR/Month [+]
Wages in Manufacturing 132.20 132 133 133 133 133 Index Points [+]
Population 8.77 8.77 8.77 8.81 8.81 8.88 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.40 0.28 0.24 0.22 0.21 0.22 percent [+]
Employment Rate 71.00 72.71 71.98 71.23 71.92 72.03 percent [+]
Full Time Employment 2940.30 3040 2998 2955 2990 2994 Thousand [+]
Labor Force Participation Rate 60.50 61.89 61.1 60.58 61.23 61.11 percent [+]
Part Time Employment 1170.50 1177 1185 1190 1193 1214 Thousand [+]
Productivity 104.20 105 109 105 105 109 Index Points [+]
Living Wage Family 1318.50 1350 1350 1350 1350 1350 EUR/Month [+]
Living Wage Individual 1037.30 1051 1052 1053 1053 1053 EUR/Month [+]
Wages Low Skilled 1690.00 1692 1692 1692 1692 1692 EUR/Month [+]
Wages High Skilled 3510.00 3429 3425 3422 3420 3416 EUR/Month [+]
PRICES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Inflation Rate 2.10 2 2.2 2.4 2.5 2.2 percent [+]
Inflation Rate Mom -0.10 0.26 0.8 0.11 0.13 0.4 percent [+]
Harmonised Consumer Prices 102.50 102 103 102 102 102 Index Points [+]
Consumer Price Index CPI 102.60 104 105 107 109 122 Index Points [+]
GDP Deflator 112.78 113 113 114 114 116 Index Points [+]
Producer Prices 99.50 104 106 108 108 118 Index Points [+]
Producer Prices Change 1.30 4.4 3.6 3.2 3.2 2.5 percent [+]
Food Inflation 2.50 1.9 2.01 2.02 1.99 2 percent [+]
CPI Transportation 100.80 99.78 99.17 99.05 99.21 99.36 Index Points [+]
MONEY Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Interest Rate 0.00 0 0 0.25 0.25 0.5 percent [+]
Interbank Rate -0.33 -0.31 -0.29 -0.22 -0.15 0.53 percent [+]
Money Supply M1 214917.00 215019 217468 216620 218196 218340 EUR Million [+]
Money Supply M2 316177.00 315187 315932 314984 315780 315661 EUR Million [+]
Money Supply M3 319218.00 318217 318901 318021 318772 318685 EUR Million [+]
Foreign Exchange Reserves 17632.00 17317 16807 16649 16574 16204 EUR Million [+]
Banks Balance Sheet 824655.86 801663 787539 783927 780315 734552 EUR Million [+]
Loans to Private Sector 751828.00 750710 744405 744897 742342 742462 EUR Million [+]
Central Bank Balance Sheet 138635.00 138175 138184 137694 137216 132572 EUR Million [+]
Private Debt to GDP 165.64 167 167 167 166 166 percent [+]
TRADE Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -43.00 -243 -286 -306 -326 -394 EUR Million [+]
Exports 11832.00 12080 11895 11943 11911 11679 EUR Million [+]
Imports 11876.00 12159 12050 12052 12029 11821 EUR Million [+]
Current Account 4282.00 818 741 3842 952 1046 EUR Million [+]
Current Account to GDP 1.70 3 3 3.2 3.2 3.6 percent [+]
External Debt 590180.00 588421 580824 580298 581182 563578 EUR Million [+]
Capital Flows 1399.00 2499 -442 1407 514 948 EUR Million [+]
Remittances 57.00 57.01 77.29 57.02 77.28 77.23 EUR Million [+]
Tourist Arrivals 5178.50 3300 3100 2700 2900 2700 Thousand [+]
Gold Reserves 279.99 280 280 280 280 280 Tonnes [+]
Crude Oil Production 17.00 16.21 16.02 15.96 15.95 15.95 BBL/D/1K [+]
Foreign Direct Investment 2775.00 -1578 -549 -1290 -1088 -1066 EUR Million [+]
Terrorism Index 0.18 1.08 0.96 0.89 0.83 1.4 [+]
Weapons Sales 14.00 30.81 30.75 31.14 31.53 33.17 USD Million [+]
GOVERNMENT Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Government Debt to GDP 84.60 84 84 83.6 83.6 82.5 percent [+]
Government Budget -1.60 -1.61 -1.5 -1.65 -1.65 -0.4 percent of GDP [+]
Government Budget Value -6602.00 -5368 -5340 -5409 -5385 -5495 EUR Million [+]
Government Spending 15590.35 15678 16747 15973 15703 16533 EUR Million [+]
Government Spending to GDP 51.10 51.49 51.73 51.54 51.36 51.83 percent [+]
Government Revenues 39839.00 49018 57862 63693 67464 74441 EUR Million [+]
Fiscal Expenditure 46441.00 58091 74204 88855 102165 183381 EUR Million [+]
Asylum Applications 1990.00 1753 1745 1748 1746 1747 persons [+]
Military Expenditure 2828.90 2800 2840 2830 2819 2805 USD Million [+]
BUSINESS Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Manufacturing PMI 61.10 61.4 54.2 62.24 62.39 52.9 [+]
Industrial Production 4.50 4.56 4.56 4.57 4.57 4.57 percent [+]
Industrial Production Mom -0.10 0.18 0.19 0.19 0.19 0.19 percent [+]
Manufacturing Production 3.90 3.81 3.85 3.87 3.89 3.89 percent [+]
Capacity Utilization 86.90 86.84 86.84 86.52 86.04 84.78 percent [+]
New Orders 131.40 132 127 130 126 126 Index Points [+]
Car Registrations 35505.00 32262 32577 37318 35791 35351 Cars [+]
Changes In Inventories 190.20 388 281 338 338 327 EUR Million [+]
Competitiveness Index 5.22 5.14 5.14 5.16 5.16 5.15 Points [+]
Competitiveness Rank 19.00 21 21 19 19 18 [+]
Business Confidence 4.00 5.88 -7.9 6.03 6.04 -3.7 [+]
Ease of Doing Business 19.00 11 11 14 17 31 [+]
Electricity Production 5701.00 5660 5629 5643 5638 5640 Gigawatt-hour [+]
Corruption Index 75.00 74 73 73 73 74 Points [+]
Corruption Rank 17.00 19 20 20 21 19 [+]
Steel Production 677.51 674 665 662 660 658 Thousand Tonnes [+]
Mining Production 11.70 3.85 1.96 1.65 1.63 1.63 percent [+]
CONSUMER Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Consumer Confidence 5.00 5 4 6 7 5 [+]
Retail Sales MoM -1.00 0.13 1.1 0.03 0.04 0.8 percent [+]
Retail Sales YoY 1.30 1.9 1 1.76 1.76 0.7 percent [+]
Consumer Spending 39572.90 39596 39608 39615 39618 39621 EUR Million [+]
Personal Savings 13.90 12.66 16.13 14.26 12.29 14.81 percent [+]
Consumer Credit 158543.00 159000 159737 160427 161089 166407 EUR Million [+]
Bank Lending Rate 1.68 1.69 1.78 1.89 2.01 2.87 percent [+]
Gasoline Prices 1.28 1.28 1.27 1.27 1.27 1.27 USD/Liter [+]
Households Debt To Gdp 51.10 51.73 51.93 51.9 51.96 52.13 percent [+]
Households Debt To Income 86.44 86.1 86.4 86.24 86.07 86.39 percent [+]
HOUSING Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Construction Output 6.10 3.65 3.17 3.15 3.14 3.14 percent [+]
Housing Index 111.54 112 112 112 112 113 Index Points [+]
Building Permits 16655.00 16130 15254 16687 17550 16263 [+]
Home Ownership Rate 55.00 55.93 56.61 56.71 56.81 56.04 percent [+]
TAXES Actual Q3/17 Q4/17 Q1/18 Q2/18 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 55.00 53.75 55 55 55 55 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 39.60 39.7 39.66 39.68 39.69 39.81 percent [+]
Social Security Rate For Companies 21.48 21.59 21.54 21.55 21.57 21.68 percent [+]
Social Security Rate For Employees 18.12 18.13 18.15 18.16 18.17 18.26 percent [+]