Austria GDP Growth Rate  1996-2018 | Data | Chart | Calendar | Forecast

Austria's economy expanded 0.9 percent on quarter in the last three months of 2017, slightly higher than a preliminary reading of 0.8 percent and the same as in the previous quarter. Exports rose faster than anticipated and net trade accounted for a third of the quarter's GDP growth. Exports increased 1.9 percent (above 1.3 percent in Q3 and 1.8 percent in the preliminary estimate) and imports advanced at a slower 1.3 percent (1.1 percent in Q3 and 1.7 percent in the previous estimate). Household consumption advanced 0.4 percent, the same as in Q3 and in line with preliminary figures; government spending expanded 0.6 percent compared to 0.5 percent in the previous period and also matching earlier estimates; gross fixed capital formation went up 0.8 percent, below 1.2 percent in Q3. Year-on-year, the GDP expanded 2.9 percent, below 3.1 percent in Q3 but above 2.8 percent in the preliminary reading. Considering 2017 as a whole, the GDP grew 2.9 percent, the most since 2011. GDP Growth Rate in Austria averaged 0.45 percent from 1996 until 2017, reaching an all time high of 1.20 percent in the first quarter of 1998 and a record low of -1.40 percent in the first quarter of 2009.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-11-30 08:00 AM GDP Growth Rate QoQ Final 0.9% 0.8% 0.8% 0.8%
2018-01-31 08:00 AM GDP Growth Rate QoQ Flash 0.8% 0.9% 0.8% 0.7%
2018-02-28 08:00 AM GDP Growth Rate QoQ Final 0.9% 0.9% 0.8% 0.8%
2018-04-27 07:00 AM GDP Growth Rate QoQ Flash 0.9% 0.8%
2018-05-30 07:00 AM GDP Growth Rate QoQ Final 0.9%
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.90%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.90 1.20 -1.40 percent [+]
GDP Annual Growth Rate 2.90 3.10 5.60 -5.90 percent [+]
GDP 386.43 376.97 438.38 6.59 USD Billion [+]
GDP Constant Prices 84946.36 82266.24 84946.36 36766.30 EUR Million [+]
Gross National Product 369.22 353.30 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 20977.50 19629.67 20977.50 8070.00 EUR Million [+]
GDP per capita 47703.91 47629.62 47943.20 13087.16 USD [+]
GDP per capita PPP 44143.70 44074.95 44365.13 31265.29 USD [+]


Austria GDP Growth Rate

Austria's economy features a large service sector (63 percent of total GDP), a solid industrial sector (25 percent), and a small, but highly developed agricultural sector (1 percent). On the expenditure side, household consumption is the main component of GDP and accounts for 54 percent, followed by gross fixed capital formation (22 percent) and government expenditure (20 percent). Net exports of goods and services adds 3 percent to the GDP as exports accounts for 53 percent and imports for -50 percent. . This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.90 1.20 -1.40 1996 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
South Korea 1.10 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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