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

Austria's economy advanced 0.8 percent on quarter in the three months to March 2018, in line with the preliminary estimate and compared with a 0.9 percent growth in the previous three month-period. It was the slowest expansion since the second quarter of 2017. Household consumption was stable (0.4 percent, the same pace as in Q4), fixed investment eased slightly (0.9 percent vs 1.0 percent) while government spending rose more (0.3 percent vs 0.2 percent). Meantime, net external demand continued to contribute positively to growth, as exports rose 0.9 percent (1.6 percent in Q4) and imports advanced at a slower 0.6 percent (1.1 percent in Q4). On a yearly basis, Austria's gross domestic product increased by 3.4 percent, compared with the preliminary estimate of 3.1 percent and an upwardly revised 3.2 percent rise in the previous quarter. GDP Growth Rate in Austria averaged 0.46 percent from 1996 until 2018, 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
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 0.8% 0.9% 0.8%
2018-05-30 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.9% 0.8% 0.8%
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.8% 0.6%
2018-08-31 07:30 AM GDP Growth Rate QoQ Final
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 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 3.40 3.20 5.60 -5.90 percent [+]
GDP 416.60 390.80 441.89 6.59 USD Billion [+]
GDP Constant Prices 81205.03 85186.21 85186.21 36766.30 EUR Million [+]
Gross National Product 369.22 353.30 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 17349.56 21055.15 21055.15 8070.00 EUR Million [+]
GDP per capita 49129.23 48077.88 49129.23 13031.03 USD [+]
GDP per capita PPP 45436.69 44464.35 45436.69 31341.90 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 July of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.90 1.20 -1.40 1996 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Turkey 2.00 Mar/18
United States 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Mexico 1.10 Mar/18
Australia 1.00 Mar/18
South Korea 1.00 Mar/18
Russia 0.85 Mar/18
Spain 0.70 Mar/18
Netherlands 0.60 Mar/18
Switzerland 0.60 Mar/18
Brazil 0.40 Mar/18
Euro Area 0.40 Mar/18
Canada 0.30 Mar/18
Germany 0.30 Mar/18
Italy 0.30 Mar/18
France 0.20 Mar/18
United Kingdom 0.20 Mar/18
Japan -0.20 Mar/18
Indonesia -0.42 Mar/18


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