Austria GDP Growth Rate  1996-2017 | Data | Chart | Calendar | Forecast

The Austrian economy advanced 0.8 percent on quarter in the three months to June of 2017, matching the preliminary estimate and following an upwardly revised 0.9 percent expansion in the previous period, final figures showed. Gross fixed capital formation went up at a slower pace (0.9 percent from 1.3 percent in Q1), while household consumption expanded further (0.3 percent from 0.2 percent) and government spending growth was unchanged (at 0.2 percent). Also, net external demand contributed positively, as exports increased 1.8 percent (2.1 percent in Q1) and imports rose at a softer 1.6 percent (1.7 percent in Q1). Year-on-year, the economy advanced 2.6 percent, way above an earlier estimate of 2.2 percent and following an upwardly revised 3.2 percent growth in the previous period. GDP Growth Rate in Austria averaged 0.44 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
2017-05-31 07:00 AM GDP Growth Rate QoQ Final 0.7% 0.5% 0.6% 0.6%
2017-07-28 07:00 AM GDP Growth Rate QoQ Flash 0.8% 0.8% 0.6%
2017-09-25 07:30 AM GDP Growth Rate QoQ Final 0.8% 0.9% 0.8% 0.8%
2017-10-31 07:00 AM GDP Growth Rate QoQ Flash 0.8% 0.5%
2017-11-30 08:00 AM GDP Growth Rate QoQ Final 0.8% 0.5%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.90 1.20 -1.40 percent [+]
GDP Annual Growth Rate 2.60 3.20 5.60 -5.90 percent [+]
GDP 386.43 376.97 438.38 6.59 USD Billion [+]
GDP Constant Prices 80590.70 78637.26 82567.02 36766.30 EUR Million [+]
Gross National Product 353.30 344.49 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 20405.44 17651.15 20602.57 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.90 1.20 -1.40 1996 - 2017 percent Quarterly
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gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Sep/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17