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 Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.90 0.6 0.5 0.5 0.4 0.3 percent [+]
Unemployment Rate 8.20 10 8.8 7.7 7.9 9.2 percent [+]
Inflation Rate 2.20 2.3 2.4 2.5 2.4 2.2 percent [+]
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Balance of Trade -267.10 -508 -403 -396 -405 -401 EUR Million [+]
Government Debt to GDP 84.60 84 83.6 83.6 83.6 82.5 percent [+]
MARKETS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 1.17 1.16 1.15 1.13 1.12 0.99 [+]
Stock Market 3279.24 3320 3280 3250 3220 2850 points [+]
Government Bond 10Y 0.49 0.65 0.65 0.66 0.67 0.74 percent [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Growth Rate 0.90 0.6 0.5 0.5 0.4 0.3 percent [+]
GDP Annual Growth Rate 3.20 2.6 2.5 2.4 2.4 2.2 percent [+]
GDP 386.43 402 389 381 372 464 USD Billion [+]
GDP Constant Prices 82346.75 82623 79997 80488 81551 81541 EUR Million [+]
Gross National Product 353.30 6497 7886 9274 10663 21712 EUR Million [+]
Gross Fixed Capital Formation 19688.24 20260 17113 18890 19485 19940 EUR Million [+]
GDP per capita 47703.91 47870 48010 48010 48010 48190 USD [+]
GDP per capita PPP 44143.70 44075 44034 43994 43953 43607 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 8.20 10 8.8 7.7 7.9 9.2 percent [+]
Employed Persons 3689.30 3676 3666 3653 3640 3541 Thousand [+]
Unemployed Persons 326876.00 332371 306046 281364 272232 221828 [+]
Long Term Unemployment Rate 1.80 1.72 1.69 1.65 1.63 1.49 percent [+]
Youth Unemployment Rate 9.30 9.35 9.27 9.2 9.13 8.69 percent [+]
Labour Costs 111.20 112 110 114 111 113 Index Points [+]
Job Vacancies 54745.00 51843 46893 43798 41351 32229 [+]
Wages 2598.50 2634 2640 2647 2654 2704 EUR/Month [+]
Wages in Manufacturing 132.30 132 132 132 132 132 Index Points [+]
Population 8.77 8.77 8.81 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 [+]
Wages Low Skilled 1630.00 1759 1794 1812 1830 1784 EUR/Month [+]
Wages High Skilled 3580.00 3752 3830 3869 3908 3826 EUR/Month [+]
Productivity 106.10 108 105 105 105 107 Index Points [+]
Labor Force Participation Rate 61.10 61.13 60.67 61 61.35 60.95 percent [+]
Living Wage Family 1660.00 1874 1856 1847 1839 1867 EUR/Month [+]
Living Wage Individual 1010.00 1108 1095 1088 1082 1103 EUR/Month [+]
Part Time Employment 1177.40 1182 1183 1183 1183 1175 Thousand [+]
Full Time Employment 3010.60 3003 2969 2987 3013 3001 Thousand [+]
Employment Change 0.40 0.35 0.29 0.25 0.24 0.24 percent [+]
Employment Rate 72.20 71.7 71.28 71.96 72.24 71.56 percent [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 2.20 2.3 2.4 2.5 2.4 2.2 percent [+]
Inflation Rate Mom 0.10 0.8 0.25 0.22 0.2 0.4 percent [+]
Harmonised Consumer Prices 104.10 104 104 104 104 104 Index Points [+]
Consumer Price Index CPI 103.70 105 107 109 104 122 Index Points [+]
GDP Deflator 113.20 113 113 113 113 113 Index Points [+]
Producer Prices 100.40 106 108 108 100 118 Index Points [+]
Producer Prices Change 1.70 1.9 2.5 3.2 3 2.5 percent [+]
Food Inflation 3.20 2.74 2.87 2.77 2.75 2.57 percent [+]
CPI Transportation 101.10 100 99.65 99.36 99.43 99.6 Index Points [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 0.00 0 0 0 0.25 0.75 percent [+]
Interbank Rate -0.33 -0.31 -0.28 -0.21 -0.14 0.47 percent [+]
Money Supply M1 221340.00 222738 224095 224416 224390 222646 EUR Million [+]
Money Supply M2 320870.00 322134 323693 324239 324329 321890 EUR Million [+]
Money Supply M3 323280.00 324039 325117 325327 325232 322869 EUR Million [+]
Foreign Exchange Reserves 18094.00 18115 18032 17920 17807 17019 EUR Million [+]
Banks Balance Sheet 824655.86 776723 766481 756240 745998 647066 EUR Million [+]
Loans to Private Sector 745149.00 738964 738410 737819 737294 733646 EUR Million [+]
Private Debt to GDP 165.64 166 165 165 164 159 percent [+]
Central Bank Balance Sheet 142576.00 142665 142705 142266 141815 137847 EUR Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -267.10 -508 -403 -396 -405 -401 EUR Million [+]
Exports 11990.00 11265 11503 11524 11458 11251 EUR Million [+]
Imports 12257.00 11846 11905 11916 11886 11695 EUR Million [+]
Current Account -232.00 920 3368 287 739 993 EUR Million [+]
Current Account to GDP 1.70 3 3.2 3.2 3.2 3.6 percent [+]
External Debt 580585.00 574292 571081 568554 567603 559629 EUR Million [+]
Capital Flows 5258.00 87.45 1595 2503 1189 866 EUR Million [+]
Remittances 76.00 76.06 56.14 76.32 56.22 76.29 EUR Million [+]
Tourist Arrivals 2838.10 3300 3000 2900 2800 2700 Thousand [+]
Gold Reserves 279.99 281 282 282 283 290 Tonnes [+]
Terrorism Index 1.52 0.96 0.89 0.83 0.77 1.4 [+]
Weapons Sales 14.00 36.39 36.95 37.51 38.07 39.31 USD Million [+]
Foreign Direct Investment -375.00 1877 1603 1716 1810 1805 EUR Million [+]
Crude Oil Production 13.00 14.12 14.51 14.84 15.13 16.76 BBL/D/1K [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 84.60 84 83.6 83.6 83.6 82.5 percent [+]
Government Budget -1.60 -1.4 -1.2 -1.2 -1.2 -0.4 percent of GDP [+]
Government Budget Value -7449.00 -4205 -2741 -1875 -1363 -644 EUR Million [+]
Government Spending 16062.98 16788 15893 15820 15964 16301 EUR Million [+]
Government Spending to GDP 51.10 51.64 51.72 51.8 51.88 52.36 percent [+]
Government Revenues 59317.00 67444 74751 77895 78296 50563 EUR Million [+]
Fiscal Expenditure 66766.00 76404 85600 90133 91384 57389 EUR Million [+]
Military Expenditure 2828.90 2960 2965 2970 2975 3015 USD Million [+]
Asylum Applications 1885.00 2356 3098 3546 3728 3744 persons [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Manufacturing PMI 61.90 60.2 60.85 60.25 59.69 52.9 [+]
Industrial Production 3.70 3.34 3.11 2.96 2.86 2.69 percent [+]
Industrial Production Mom -0.60 0.17 0.21 0.22 0.22 0.22 percent [+]
Manufacturing Production 4.70 4.69 4.53 4.36 4.23 3.81 percent [+]
Capacity Utilization 88.00 86.96 87.93 87.58 87 85.01 percent [+]
New Orders 133.10 123 119 116 115 111 Index Points [+]
Car Registrations 35223.00 31780 30940 32721 32720 32303 Cars [+]
Internet Speed 14100.00 14174 13961 13940 13898 12758 KBps [+]
IP Addresses 2593521.00 2541318 2522737 2449415 2381173 2133849 IP [+]
Steel Production 723.72 692 675 667 657 593 Thousand Tonnes [+]
Mining Production 6.20 2.61 1.77 1.68 1.7 1.71 percent [+]
Changes In Inventories 504.00 508 444 358 358 313 EUR Million [+]
Competitiveness Index 5.25 5.19 5.19 5.19 5.19 5.1 Points [+]
Competitiveness Rank 18.00 16 16 16 16 20 [+]
Business Confidence 12.40 -7.9 12.5 9.8 6.34 -3.7 [+]
Ease of Doing Business 22.00 22 25 26 28 32 [+]
Electricity Production 5858.00 5674 5653 5653 5647 5647 Gigawatt-hour [+]
Corruption Index 75.00 75 75 75 75 76 Points [+]
Corruption Rank 17.00 16 16 16 16 16 [+]
CONSUMER Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Consumer Confidence 10.00 4 6 7 8 5 [+]
Retail Sales MoM -1.90 1.1 -0.06 0.01 0.04 0.8 percent [+]
Retail Sales YoY -2.20 1 0.27 0.34 0.42 0.7 percent [+]
Consumer Spending 40181.40 40056 39926 39793 39654 38581 EUR Million [+]
Personal Savings 14.79 16.46 14.32 14.57 13.63 15.36 percent [+]
Consumer Credit 159489.00 159573 159469 159327 159178 157853 EUR Million [+]
Bank Lending Rate 1.64 1.61 1.66 1.75 1.86 2.68 percent [+]
Households Debt To Gdp 49.70 49.28 49.15 49.08 49.02 48.72 percent [+]
Households Debt To Income 84.28 83.18 83.08 82.98 82.88 82.06 percent [+]
Gasoline Prices 1.39 1.38 1.38 1.38 1.37 1.34 USD/Liter [+]
HOUSING Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Construction Output 2.40 3.16 3.14 3.18 3.2 3.24 percent [+]
Housing Index 114.24 112 111 109 108 100 Index Points [+]
Home Ownership Rate 55.00 56.98 57.04 57.11 57.18 56.19 percent [+]
Building Permits 20240.00 15116 16390 17208 16094 15664 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 25.00 26 26 26 26 28 percent [+]
Personal Income Tax Rate 55.00 50 50 50 50 50 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 39.60 39.68 39.7 39.72 39.74 39.86 percent [+]
Social Security Rate For Companies 21.48 21.58 21.6 21.62 21.65 21.81 percent [+]
Social Security Rate For Employees 18.12 18.14 18.15 18.15 18.16 18.18 percent [+]
CLIMATE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Precipitation 18.00 96.12 96.1 96.1 96.1 96.1 mm [+]
Temperature 1.00 2.58 4.74 10.37 8.22 4.22 celsius [+]