Austria’s GDP expanded 0.3 percent on quarter in the three months to June of 2019, easing from an upwardly revised 0.5 percent advance in the previous period and in line with earlier estimates. It was the lowest growth rate since Q1 2015, as both household consumption (0.4 percent vs 0.5 percent in Q1) and fixed capital formation (0.5 percent vs 1 percent) slowed. Meantime, government expenditure showed no growth, after declining 0.1 percent in Q1 and net foreign demand contributed positively to growth, as exports rose 0.5 percent (vs 0.8 percent in Q1) while imports went up at a softer 0.4 percent (vs 0.6 percent). Year-on-year, the GDP grew 1.5 percent, slowing from an upwardly revised 2 percent expansion in the previous quarter and below preliminary estimates of 1.7 percent. GDP Growth Rate in Austria averaged 0.46 percent from 1996 until 2019, reaching an all time high of 1.10 percent in the fourth quarter of 1997 and a record low of -1.40 percent in the fourth quarter of 2008.

GDP Growth Rate in Austria is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Austria to stand at 0.50 in 12 months time. In the long-term, the Austria GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-30 07:00 AM GDP Growth Rate QoQ Flash Q1 0.3% 0.4% 0.3% 0.3%
2019-05-29 07:00 AM GDP Growth Rate QoQ Final Q1 0.4% 0.4% 0.3% 0.3%
2019-07-30 07:00 AM GDP Growth Rate QoQ Flash Q2 0.3% 0.4% 0.4%
2019-09-25 07:30 AM GDP Growth Rate QoQ Final Q2 0.3% 0.5% 0.3%
2019-10-30 08:00 AM GDP Growth Rate QoQ Flash Q3 0.3% 0.4%
2019-11-29 08:00 AM GDP Growth Rate QoQ Final Q3 0.3% 0.4%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.50 1.10 -1.40 percent [+]
GDP Annual Growth Rate 1.50 2.00 5.60 -6.00 percent [+]
GDP 455.74 416.84 455.74 6.59 USD Billion [+]
GDP Constant Prices 83280.41 87269.51 87269.51 36766.30 EUR Million [+]
Gross National Product 386.09 369.22 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 17833.73 22225.88 22225.88 8070.00 EUR Million [+]
GDP per capita 50250.00 49190.20 50250.00 13031.03 USD [+]
GDP per capita PPP 46473.30 45493.00 46473.30 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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.50 1.10 -1.40 1996 - 2019 percent Quarterly
SA




Country Last Previous
Indonesia 4.20 Jun/19
South Africa 3.10 Jun/19
United States 2.00 Jun/19
China 1.60 Jun/19
Turkey 1.20 Jun/19
India 1.00 Jun/19
South Korea 1.00 Jun/19
Canada 0.90 Jun/19
Singapore 0.60 Sep/19
Australia 0.50 Jun/19
Brazil 0.40 Jun/19
Netherlands 0.40 Jun/19
Spain 0.40 Jun/19
France 0.30 Jun/19
Japan 0.30 Jun/19
Switzerland 0.30 Jun/19
Euro Area 0.20 Jun/19
Russia 0.20 Jun/19
Italy 0.00 Jun/19
Mexico 0.00 Jun/19
Saudi Arabia 0.00 Mar/19
Germany -0.10 Jun/19
United Kingdom -0.20 Jun/19
Argentina -0.30 Jun/19


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