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

Austria's economy advanced 0.7 percent on quarter in the three months to June 2018, easing from a 0.8 percent expansion in the previous period but above market expectations of 0.6 percent. It was the slowest expansion since the last quarter of 2016, preliminary estimates showed. Household consumption growth was stable at 0.5 percent (the same pace as in Q1), fixed investment eased slightly (1.2 percent vs 1.8 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 and imports rose 0.9 percent each (from 1 percent and 0.8 percent in Q1, respectively). On a yearly basis, Austria's gross domestic product increased by 2.3 percent, following a 3.4 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
2018-04-27 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 0.7% 0.8% 0.7% 0.6%
2018-09-25 07:00 AM GDP Growth Rate QoQ Final 0.8% 0.7% 0.7%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.5%
2018-11-30 08:00 AM GDP Growth Rate QoQ Final


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.70 0.80 1.20 -1.40 percent [+]
GDP Annual Growth Rate 2.30 3.40 5.60 -5.90 percent [+]
GDP 416.60 390.80 441.89 6.59 USD Billion [+]
GDP Constant Prices 82542.37 81205.03 85186.21 36766.30 EUR Million [+]
Gross National Product 369.22 353.30 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 19940.17 17349.56 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 September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.70 0.80 1.20 -1.40 1996 - 2018 percent Quarterly
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GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Turkey 0.90 Jun/18
Russia 0.85 Mar/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
Singapore 0.60 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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