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 Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.60 0.6 0.5 0.5 0.4 0.3 percent [+]
Unemployment Rate 8.60 7.9 8.1 10 8.8 9.2 percent [+]
Inflation Rate 2.10 2.5 2.8 2.6 2.4 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -764.10 -488 -448 -459 -459 -458 EUR Million [+]
Government Debt to GDP 84.60 85.06 84.86 84.67 84.97 87.82 percent [+]
MARKETS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 1.11 1.06 1.05 1.04 1.03 0.86 [+]
Stock Market 3184.45 2820 2790 2710 2740 2280 points [+]
Government Bond 10Y 0.51 0.55 0.55 0.56 0.56 0.65 percent [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Growth Rate 0.60 0.6 0.5 0.5 0.4 0.3 percent [+]
GDP Annual Growth Rate 2.00 2.2 2.3 2.3 2.4 2.2 percent [+]
GDP 376.95 392 381 402 371 464 USD Billion [+]
GDP Constant Prices 82060.56 78864 80174 82566 78277 82549 EUR Million [+]
Gross National Product 349.49 3808 3811 3814 4621 12926 EUR Million [+]
Gross Fixed Capital Formation 19704.12 18456 18786 19731 16452 19547 EUR Million [+]
GDP per capita 47754.60 48033 48025 48017 48074 48681 USD [+]
GDP per capita PPP 44048.40 44070 44151 44232 44189 44172 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 8.60 7.9 8.1 10 8.8 9.2 percent [+]
Employed Persons 3605.10 3619 3596 3587 3599 3597 Thousand [+]
Unemployed Persons 337900.00 318939 356790 378960 351824 356409 [+]
Long Term Unemployment Rate 1.90 1.85 1.89 1.84 1.9 1.87 percent [+]
Youth Unemployment Rate 10.60 10.53 10.52 10.54 10.53 10.53 percent [+]
Labour Costs 110.70 113 111 113 111 113 Index Points [+]
Job Vacancies 55530.00 54439 48472 47923 50628 49947 [+]
Wages 2598.50 2616 2629 2641 2651 2798 EUR/Month [+]
Wages in Manufacturing 131.30 132 132 132 132 132 Index Points [+]
Population 8.69 8.6 8.62 8.64 8.64 8.8 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.50 0.33 0.27 0.23 0.22 0.22 percent [+]
Employment Rate 71.80 71.7 72.65 71.92 71.1 71.94 percent [+]
Full Time Employment 2999.20 2991 3042 2999 2960 2997 Thousand [+]
Labor Force Participation Rate 61.10 61.32 61.94 61.15 60.73 61.19 percent [+]
Part Time Employment 1163.60 1182 1183 1192 1199 1229 Thousand [+]
Productivity 108.90 104 105 109 104 109 Index Points [+]
Living Wage Family 1318.50 1349 1350 1350 1350 1350 EUR/Month [+]
Living Wage Individual 1037.30 1049 1051 1052 1053 1053 EUR/Month [+]
Wages Low Skilled 1690.00 1692 1692 1692 1692 1692 EUR/Month [+]
Wages High Skilled 3510.00 3435 3429 3425 3422 3416 EUR/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 2.10 2.5 2.8 2.6 2.4 2.2 percent [+]
Inflation Rate Mom 0.20 0.3 0.18 0.8 0.14 0.4 percent [+]
Harmonised Consumer Prices 103.30 103 103 103 103 103 Index Points [+]
Consumer Price Index CPI 102.80 103 103 103 103 103 Index Points [+]
GDP Deflator 111.33 112 112 112 112 114 Index Points [+]
Producer Prices 100.00 102 104 106 108 118 Index Points [+]
Producer Prices Change 2.70 3.9 4.4 3.6 3.2 2.5 percent [+]
Food Inflation 1.10 1.48 1.38 1.48 1.42 1.44 percent [+]
Cpi Transportation 101.70 101 99.91 99.07 98.9 99.28 Index Points [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.33 -0.32 -0.32 -0.32 -0.32 -0.32 percent [+]
Money Supply M1 207525.00 211504 211465 213303 212314 213720 EUR Million [+]
Money Supply M2 311946.00 314327 314676 315821 315525 316428 EUR Million [+]
Money Supply M3 316182.00 318173 318220 319090 318660 319272 EUR Million [+]
Foreign Exchange Reserves 21485.00 21481 21218 21121 21080 21048 EUR Million [+]
Banks Balance Sheet 824655.86 815787 801663 787539 783927 734552 EUR Million [+]
Loans to Private Sector 755566.00 757380 759191 760971 762665 776093 EUR Million [+]
Central Bank Balance Sheet 139001.00 141768 139504 139266 139479 139471 EUR Million [+]
Private Debt to GDP 165.64 167 166 166 166 166 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -764.10 -488 -448 -459 -459 -458 EUR Million [+]
Exports 11092.90 11138 11132 11138 11135 11136 EUR Million [+]
Imports 11857.00 11641 11649 11660 11653 11655 EUR Million [+]
Current Account 586.00 539 729 710 3265 976 EUR Million [+]
Current Account to GDP 2.60 3 2.75 3.11 3.02 3.14 percent [+]
External Debt 584799.00 591065 586544 579250 577523 557920 EUR Million [+]
Capital Flows -2344.00 -118 2856 -401 2224 1036 EUR Million [+]
Remittances 78.00 77.98 58.04 77.97 58.05 77.91 EUR Million [+]
Tourist Arrivals 3478.20 2686 3360 3010 3420 2985 Thousand [+]
Gold Reserves 279.99 280 280 280 280 280 Tonnes [+]
Crude Oil Production 14.00 15.03 15.21 15.25 15.26 15.26 BBL/D/1K [+]
Foreign Direct Investment -7553.00 -1284 -1630 -949 -1379 -1299 EUR Million [+]
Terrorism Index 0.18 1.2 1.08 0.96 0.89 1.4 [+]
Weapons Sales 14.00 30.86 30.81 30.75 31.14 33.17 USD Million [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 84.60 85.06 84.86 84.67 84.97 87.82 percent [+]
Government Budget -1.60 -1.5 -1.61 -1.5 -1.65 -0.4 percent of GDP [+]
Government Budget Value -2155.00 -1787 -2051 -1742 -1994 -1774 EUR Million [+]
Government Spending 16781.49 15684 15643 16786 15869 16603 EUR Million [+]
Government Spending to GDP 51.10 51.26 51.49 51.73 51.54 51.83 percent [+]
Government Revenues 17079.00 15643 13682 13727 12623 12896 EUR Million [+]
Fiscal Expenditure 19235.00 8675 7886 8001 7811 7803 EUR Million [+]
Asylum Applications 1845.00 1739 1725 1731 1727 1729 persons [+]
Military Expenditure 3006.00 3197 3135 3072 3083 3064 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Manufacturing PMI 58.10 52 58.29 54.2 58.36 52.9 [+]
Industrial Production 3.30 3.49 3.46 3.46 3.46 3.46 percent [+]
Industrial Production Mom -0.40 0.17 0.18 0.18 0.18 0.18 percent [+]
Manufacturing Production 3.50 3.11 3.13 3.16 3.18 3.19 percent [+]
Capacity Utilization 86.60 85.33 86.84 86.78 86.45 84.77 percent [+]
New Orders 141.00 129 127 123 125 122 Index Points [+]
Car Registrations 41193.00 39251 30471 34858 36724 34999 Cars [+]
Changes In Inventories 554.70 399 395 322 361 335 EUR Million [+]
Competitiveness Index 5.22 5.14 5.14 5.14 5.16 5.15 Points [+]
Competitiveness Rank 19.00 21 21 21 19 18 [+]
Business Confidence 1.90 -6.4 2.8 -7.9 3 -3.7 [+]
Ease of Doing Business 19.00 12 11 11 14 31 [+]
Electricity Production 5801.00 5755 5790 5766 5777 5774 Gigawatt-hour [+]
Corruption Index 75.00 74 74 73 73 74 Points [+]
Corruption Rank 17.00 18 19 20 20 19 [+]
Steel Production 674.15 663 657 653 651 649 Thousand Tonnes [+]
Mining Production 19.60 6.31 2.06 1.48 1.51 1.55 percent [+]
CONSUMER Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Consumer Confidence 1.00 2 5 4 6 5 [+]
Retail Sales MoM 1.10 -0.8 0.04 1.1 0.03 0.8 percent [+]
Retail Sales YoY 2.40 0.9 1.2 1 1.18 0.7 percent [+]
Consumer Spending 39498.30 39522 39531 39540 39544 39548 EUR Million [+]
Personal Savings 17.24 12.16 12.66 16.16 14.44 14.86 percent [+]
Consumer Credit 158363.00 159236 160096 160922 161714 168573 EUR Million [+]
Bank Lending Rate 1.75 1.69 1.67 1.66 1.66 1.65 percent [+]
Gasoline Prices 1.23 1.25 1.25 1.25 1.25 1.25 USD/Liter [+]
Households Debt To Gdp 51.10 51.06 51.12 51.11 51.1 51.13 percent [+]
Households Debt To Income 86.44 85.8 86.1 86.4 86.24 86.39 percent [+]
HOUSING Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Construction Output 3.80 2.09 1.49 1.45 1.44 1.44 percent [+]
Housing Index 142.38 146 147 148 149 155 Index Points [+]
Building Permits 14360.00 18247 16115 15188 16366 16132 [+]
Home Ownership Rate 55.70 54.25 52.94 51.62 53.07 55.81 percent [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 55.00 52.5 53.75 55 55 55 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 39.60 39.75 39.7 39.66 39.68 39.81 percent [+]
Social Security Rate For Companies 21.48 21.65 21.59 21.54 21.55 21.68 percent [+]
Social Security Rate For Employees 18.12 18.12 18.13 18.15 18.16 18.26 percent [+]