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 Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.80 0.5 0.4 0.4 0.9 0.3 percent
Unemployment Rate 7.70 7.2 7.4 9.2 8 7.7 percent
Inflation Rate 1.80 2.2 2.4 2.5 2 2.2 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade 15.80 -220 -480 -640 -680 -510 EUR Million
Government Debt to GDP 78.40 74.4 74.4 74.4 69.9 65.1 percent
MARKETS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 1.17
1.21 1.19 1.17 1.15 1.08
Stock Market 3405.35
points
3287 3176 3068 2964 2582
Government Bond 10Y 0.71
percent
0.86 1.02 1.22 1.45 2.91
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Growth Rate 0.80
percent
0.5 0.4 0.4 0.9 0.3
GDP Annual Growth Rate 3.10
percent
2.4 2.4 2.5 2.3 2.2
GDP 386.43
USD Billion
392 397 424 448 464
GDP Constant Prices 84946.36
EUR Million
81615 83253 87070 80395 91121
Gross National Product 369.22
EUR Million
358 358 378 361 396
Gross Fixed Capital Formation 20977.50
EUR Million
19297 19865 21502 16960 22502
GDP per capita 47703.91
USD
48010 48010 48010 48100 48190
GDP per capita PPP 44143.70
USD
44088 43998 43909 43949 43805
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 7.70
percent
7.2 7.4 9.2 8 7.7
Employed Persons 3700.70
Thousand
3702 3671 3667 3684 3679
Unemployed Persons 308859.00
282912 340740 354798 318751 329300
Long Term Unemployment Rate 1.80
percent
1.85 1.85 1.85 1.85 1.85
Youth Unemployment Rate 10.10
percent
9.78 9.71 9.6 9.56 9.61
Labour Costs 113.30
Index Points
118 114 114 115 117
Job Vacancies 71013.00
56715 60341 62368 56266 61175
Wages 2646.00
EUR/Month
2750 2750 2750 2800 2850
Wages in Manufacturing 134.30
Index Points
137 139 140 142 150
Population 8.77
Million
8.81 8.81 8.81 8.85 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 1784
Wages High Skilled 3580.00
EUR/Month
3737 3737 3737 3767 3767
Productivity 109.50
Index Points
107 107 107 107 107
Labor Force Participation Rate 61.40
percent
61.42 61.59 61.44 61.57 61.5
Living Wage Family 1660.00
EUR/Month
1750 1750 1750 1800 1800
Living Wage Individual 1010.00
EUR/Month
1010 1010 1010 1010 1010
Part Time Employment 1171.80
Thousand
1167 1171 1170 1169 1160
Full Time Employment 3042.90
Thousand
3046 3059 3047 3057 3052
Employment Change 0.50
percent
0.42 0.36 0.3 0.27 0.25
Employment Rate 72.70
percent
72.55 72.55 72.55 72.55 72.55
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.80
percent
2.2 2.4 2.5 2 2.2
Inflation Rate Mom 0.20
percent
0.09 0.22 0.5 0.14 0.4
Harmonised Consumer Prices 105.30
Index Points
105 106 108 107 112
Consumer Price Index CPI 104.70
Index Points
105 106 107 107 112
GDP Deflator 113.53
Index Points
113 113 113 113 113
Producer Prices 101.30
Index Points
101 101 102 102 106
Producer Prices Change 1.30
percent
1 0.9 0.8 1 2.5
Food Inflation 2.10
percent
1.72 1.89 1.83 1.84 1.84
Cpi Housing Utilities 104.00
Index Points
104 104 104 104 104
CPI Transportation 103.00
Index Points
103 104 105 104 109
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.33
percent
-0.33 -0.33 -0.33 -0.08 0.42
Money Supply M1 236654.00
EUR Million
235192 235506 237437 236655 238128
Money Supply M2 330833.00
EUR Million
332142 332497 334129 333581 334895
Money Supply M3 333398.00
EUR Million
334569 334591 335847 335169 336101
Foreign Exchange Reserves 20618.00
EUR Million
20450 20307 20098 19884 18114
Banks Balance Sheet 824655.86
EUR Million
815787 801663 787539 783927 727538
Loans to Private Sector 747956.00
EUR Million
758663 761799 762939 763612 763976
Private Debt to GDP 163.00
percent
162 161 160 160 158
Central Bank Balance Sheet 148419.00
EUR Million
148708 144558 140258 139320 144061
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade 15.80
EUR Million
-220 -480 -640 -680 -510
Exports 11777.00
EUR Million
12120 12340 11150 13440 12050
Imports 11761.00
EUR Million
12340 12820 11790 14120 12560
Current Account 2288.00
EUR Million
1522 1476 1220 4150 1220
Current Account to GDP 1.90
percent
3.2 3.2 3.2 3.4 3.6
External Debt 558261.00
EUR Million
552917 544817 537393 533665 489141
Capital Flows 2238.00
EUR Million
3517 3762 3675 3706 3698
Remittances 76.00
EUR Million
69.66 69.66 69.66 69.66 69.66
Tourist Arrivals 4066.00
Thousand
2800 3400 3200 3500 3100
Gold Reserves 280.00
Tonnes
280 280 280 280 280
Terrorism Index 1.52
1.03 0.92 0.81 0.83 1.99
Weapons Sales 22.00
USD Million
22 22 22 22 22
Foreign Direct Investment 4947.00
EUR Million
-477 -277 -734 -436 -467
Crude Oil Production 14.00
BBL/D/1K
13.92 13.96 13.94 13.95 13.94
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 78.40
percent
74.4 74.4 74.4 69.9 65.1
Government Budget -0.70
percent of GDP
-0.4 -0.4 -0.4 0.2 0.5
Government Budget Value -2012.00
EUR Million
60732 19697 21873 24176 22945
Government Spending 17328.92
EUR Million
15913 16131 17762 16015 18589
Government Spending to GDP 49.10
percent
51.82 51.8 51.78 51.84 52.48
Government Revenues 5253.00
EUR Million
51427 24791 32671 39079 33936
Fiscal Expenditure 7265.00
EUR Million
-9305 5094 13837 14903 10991
Military Expenditure 2881.09
USD Million
2871 2902 2932 2933 2958
Asylum Applications 1015.00
persons
1252 1241 1247 1244 1245
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Manufacturing PMI 58.00
56.5 55.6 56 55.4 53.4
Industrial Production 3.90
percent
4.26 4.27 4.28 4.28 4.28
Industrial Production Mom -1.60
percent
0.16 0.23 0.23 0.23 0.23
Manufacturing Production 4.40
percent
4.99 4.9 4.84 4.81 4.78
Capacity Utilization 88.70
percent
88.32 88.04 87.87 87.77 87.62
New Orders 128.70
Index Points
124 123 122 122 122
Car Registrations 45939.00
36405 37988 37799 37378 37363
Internet Speed 14100.00
KBps
13940 13898 13744 13628 12281
IP Addresses 2593521.00
IP
2449415 2381173 2337882 2277695 2188239
Steel Production 636.60
Thousand Tonnes
650 658 658 658 658
Mining Production -17.30
percent
-4.5 -0.49 0.05 0.03 0
Changes In Inventories 1083.50
EUR Million
917 738 850 779 807
Competitiveness Index 5.25
Points
5.23 5.23 5.23 5.23 5.23
Competitiveness Rank 18.00
16 16 16 20 19
Business Confidence 11.50
Index Points
9.29 5.79 -5.5 -0.01 -3.7
Ease of Doing Business 22.00
25 26 28 28 30
Electricity Production 5555.00
Gigawatt-hour
5768 5664 5673 5671 5669
Corruption Index 75.00
Points
75 75 75 75 75
Corruption Rank 16.00
16 16 16 16 16
CONSUMER Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Consumer Confidence 13.00
Index Points
7 8 9 6.02 5
Retail Sales MoM 1.30
percent
-0.18 0.03 0.9 -0.01 0.8
Retail Sales YoY 0.10
percent
0.82 2.39 0.7 0.33 0.7
Consumer Spending 40338.80
EUR Million
40495 40714 41347 40799 43271
Personal Savings 7.53
percent
10.65 10.65 10.65 10.65 10.65
Consumer Credit 160438.00
EUR Million
161425 162085 162720 163330 168644
Bank Lending Rate 1.67
percent
1.67 1.67 1.67 1.92 2.42
Households Debt To Gdp 49.50
percent
49.6 49.6 49.6 49.6 49.6
Households Debt To Income 84.28
percent
84.04 83.82 83.6 83.49 81.96
Gasoline Prices 1.53
USD/Liter
1.36 1.29 1.21 1.14 0.8
HOUSING Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Construction Output 7.60
percent
4.1 3.77 3.65 3.55 3.41
Housing Index 116.51
Index Points
114 114 114 114 114
Home Ownership Rate 55.00
percent
55.24 55.93 56.61 56.71 55.38
Building Permits 17904.00
18943 19714 17263 16828 17652
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 55.00
percent
55 55 55 53 51
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 39.60
percent
39.6 39.6 39.6 40 40
Social Security Rate For Companies 21.48
percent
21.57 21.57 21.57 21.54 21.7
Social Security Rate For Employees 18.12
percent
18.12 18.12 18.12 18.11 18.06
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 18.83
mm
111 126 86.48 68.2 100
Temperature 1.39
celsius
10.58 14.55 1.68 -1.83 6.38