Austria - Economic Forecasts - 2018-2020 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 Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.80 0.5 0.5 0.4 0.4 0.3 percent
Unemployment Rate 9.50 8.4 7.2 7.4 9.2 7.7 percent
Inflation Rate 1.80 2.4 2.5 2.4 2.5 2.2 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 12.00 -247 -345 -355 -362 -398 EUR Million
Government Debt to GDP 83.60 83.6 83.6 83.6 83.6 82.5 percent
MARKETS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 1.23
1.21 1.19 1.17 1.15 1.07
Stock Market 3408.06
points
3497 3387 3280 3176 2457
Government Bond 10Y 0.93
percent
1.12 1.34 1.61 1.92 3.97
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Growth Rate 0.80
percent
0.5 0.5 0.4 0.4 0.3
GDP Annual Growth Rate 2.80
percent
2.5 2.4 2.4 2.5 2.2
GDP 386.43
USD Billion
372 381 390 424 464
GDP Constant Prices 82346.75
EUR Million
79997 80488 81551 82297 81292
Gross National Product 353.30
EUR Million
6491 6493 6495 6497 25631
Gross Fixed Capital Formation 19688.24
EUR Million
17113 18890 19485 20173 19809
GDP per capita 47703.91
USD
48010 48010 48010 48010 48190
GDP per capita PPP 44143.70
USD
43937 43983 44029 44075 43406
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 9.50
percent
8.4 7.2 7.4 9.2 7.7
Employed Persons 3646.20
Thousand
3614 3605 3593 3581 3459
Unemployed Persons 379209.00
344382 295445 290679 278015 219009
Long Term Unemployment Rate 1.90
percent
1.81 1.76 1.74 1.7 1.51
Youth Unemployment Rate 9.30
percent
9 8.89 8.87 8.81 8.44
Labour Costs 112.20
Index Points
110 114 112 113 113
Job Vacancies 59103.00
60017 56249 52411 49138 33226
Wages 2646.00
EUR/Month
2648 2660 2673 2686 2776
Wages in Manufacturing 134.30
Index Points
135 137 139 140 150
Population 8.77
Million
8.81 8.81 8.81 8.81 8.88
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
EUR/Month
1759 1759 1759 1759 1800
Wages High Skilled 3580.00
EUR/Month
3737 3737 3737 3737 3826
Productivity 106.10
Index Points
105 105 105 108 106
Labor Force Participation Rate 61.80
percent
60.67 61.03 61.48 61.2 60.98
Living Wage Family 1660.00
EUR/Month
1750 1750 1750 1750 1800
Living Wage Individual 1010.00
EUR/Month
1101 1095 1088 1082 1104
Part Time Employment 1147.30
Thousand
1144 1138 1137 1136 1123
Full Time Employment 3080.50
Thousand
2966 3003 3043 3016 3005
Employment Change 0.40
percent
0.29 0.25 0.24 0.23 0.24
Employment Rate 72.90
percent
71.29 72.01 72.45 71.86 71.62
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 1.80
percent
2.4 2.5 2.4 2.5 2.2
Inflation Rate Mom -0.70
percent
0.49 0.33 0.16 0.5 0.4
Harmonised Consumer Prices 103.90
Index Points
104 104 104 104 104
Consumer Price Index CPI 103.60
Index Points
107 109 103 112 122
GDP Deflator 113.20
Index Points
113 113 113 113 112
Producer Prices 100.90
Index Points
108 108 101 109 118
Producer Prices Change 1.40
percent
2.5 3.2 3 2.8 2.5
Food Inflation 2.00
percent
2.33 2.34 2.41 2.37 2.35
CPI Transportation 102.20
Index Points
102 100 99.77 99.61 99.85
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.31 -0.26 -0.2 -0.13 0.65
Money Supply M1 226305.00
EUR Million
228594 229224 229333 229255 226853
Money Supply M2 325056.00
EUR Million
327641 328713 329120 329189 325873
Money Supply M3 327442.00
EUR Million
329487 330160 330313 330228 327068
Foreign Exchange Reserves 19071.00
EUR Million
19129 19173 19038 18878 17427
Banks Balance Sheet 824655.86
EUR Million
809251 798408 787566 776723 630802
Loans to Private Sector 736010.00
EUR Million
735006 734332 733764 733276 728609
Private Debt to GDP 163.00
percent
162 161 160 159 152
Central Bank Balance Sheet 146098.00
EUR Million
146712 146440 146024 145585 140496
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade 12.00
EUR Million
-247 -345 -355 -362 -398
Exports 13122.00
EUR Million
12639 12377 12297 12321 12049
Imports 13109.00
EUR Million
12834 12741 12676 12667 12430
Current Account 1575.00
EUR Million
3569 1522 1476 1087 1221
Current Account to GDP 2.10
percent
3.2 3.2 3.2 3.2 3.6
External Debt 569242.00
EUR Million
564803 560764 559217 557696 547879
Capital Flows 4555.00
EUR Million
1474 2387 2232 809 868
Remittances 57.00
EUR Million
72.75 74.32 73.89 74.01 73.99
Tourist Arrivals 3436.70
Thousand
3000 3000 2800 2800 2700
Gold Reserves 279.99
Tonnes
280 281 282 282 288
Terrorism Index 1.52
1.15 1.03 0.92 0.81 1.99
Weapons Sales 14.00
USD Million
35.79 35.99 36.19 36.39 40.3
Foreign Direct Investment 3946.00
EUR Million
1509 1912 1721 1664 1681
Crude Oil Production 14.00
BBL/D/1K
14.25 14.51 14.77 15 16.33
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 83.60
percent
83.6 83.6 83.6 83.6 82.5
Government Budget -1.60
percent of GDP
-1.2 -1.2 -1.2 -1.2 -0.4
Government Budget Value -1790.00
EUR Million
-1333 -1067 -909 -814 -670
Government Spending 16062.98
EUR Million
15893 15820 15964 16587 16210
Government Spending to GDP 51.10
percent
51.76 51.72 51.68 51.64 52.43
Government Revenues 6290.00
EUR Million
-39868 -43314 -7019 31560 10932
Fiscal Expenditure 8080.00
EUR Million
-49976 -42716 12169 48534 13643
Military Expenditure 2828.90
USD Million
2828 2872 2916 2960 3000
Asylum Applications 1420.00
persons
2240 2998 3415 3582 3609
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Manufacturing PMI 61.30
61.29 60.67 60.19 53.8 52.9
Industrial Production 3.50
percent
3.25 3.07 2.95 2.86 2.71
Industrial Production Mom -1.00
percent
0.16 0.22 0.22 0.22 0.22
Manufacturing Production 4.80
percent
4.62 4.45 4.3 4.19 3.8
Capacity Utilization 88.80
percent
87.96 88.58 88.04 87.27 85.38
New Orders 140.00
Index Points
128 124 121 119 112
Car Registrations 33321.00
31555 31979 32603 32412 32318
Internet Speed 14100.00
KBps
13961 13940 13898 13744 12281
IP Addresses 2593521.00
IP
2522737 2449415 2381173 2337882 2188239
Steel Production 675.96
Thousand Tonnes
658 651 641 633 563
Mining Production 4.20
percent
2.58 1.86 1.68 1.64 1.64
Changes In Inventories 504.00
EUR Million
444 358 358 332 313
Competitiveness Index 5.25
Points
5.19 5.19 5.19 5.19 5.12
Competitiveness Rank 18.00
16 16 16 16 19
Business Confidence 10.10
Index Points
9.88 6.37 3.17 -5.5 -3.7
Ease of Doing Business 22.00
23 25 26 28 30
Electricity Production 5810.00
Gigawatt-hour
5701 5662 5659 5656 5656
Corruption Index 75.00
Points
77 76 75 75 76
Corruption Rank 17.00
15 15 16 16 16
CONSUMER Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Consumer Confidence 12.00
Index Points
6 7 8 9 5
Retail Sales MoM -1.80
percent
-0.3 0.01 0.04 0.9 0.8
Retail Sales YoY 0.80
percent
0.81 0.77 0.75 0.7 0.7
Consumer Spending 40181.40
EUR Million
39926 39793 39654 39518 38204
Personal Savings 7.53
percent
14.49 13.79 8.24 14.42 14.73
Consumer Credit 160320.00
EUR Million
160372 160261 160119 159972 158238
Bank Lending Rate 1.66
percent
1.73 1.83 1.94 2.06 2.94
Households Debt To Gdp 49.70
percent
49.15 49.08 49.02 48.98 48.6
Households Debt To Income 84.28
percent
84.26 84.04 83.82 83.6 81.96
Gasoline Prices 1.52
USD/Liter
1.55 1.54 1.53 1.53 1.45
HOUSING Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Construction Output 3.30
percent
3.67 3.59 3.46 3.4 3.29
Housing Index 114.75
Index Points
113 112 110 109 101
Home Ownership Rate 55.00
percent
55.72 56.14 56.56 56.98 55.32
Building Permits 20576.00
16618 18943 19714 17263 17652
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 25.00
percent
26 26 26 26 28
Personal Income Tax Rate 55.00
percent
55 55 55 55 51
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 39.60
percent
40 40 40 40 40
Social Security Rate For Companies 21.48
percent
21.57 21.57 21.57 21.57 21.7
Social Security Rate For Employees 18.12
percent
18.12 18.12 18.12 18.12 18.06
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 18.83
mm
68.06 111 126 86.48 100
Temperature 1.39
celsius
-1.82 10.58 14.55 1.68 6.38