Austria’s gross domestic product expanded 0.4 percent on quarter in the three months to December of 2018, the same pace as in the previous period and in line with earlier estimates. Private consumption (0.4 percent from 0.3 percent in Q3) rose faster and government spending went up 0.1 percent, after showing no growth in Q3. On the other hand, fixed investment slowed (0.4 percent from 0.7 percent). Meanwhile, net trade contributed positively to growth, as exports climbed 0.7 percent (from 0.8 percent in Q3) and imports increased at a softer 0.6 percent (the same as in Q3). Year-on-year, the economy grew 2.4 percent, slightly higher than preliminary estimates of 2.3 percent and compared with a 2.2 percent expansion in Q3. Considering 2018, the economy expanded 2.7 percent, higher than a 2.6 percent gain in 2017. GDP Growth Rate in Austria averaged 0.47 percent from 1996 until 2018, 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 0.30 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 0.40 in 12 months time. In the long-term, the Austria GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.5% 0.6% 0.5% 0.5%
2018-11-30 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.6% 0.5% 0.5%
2019-01-30 08:00 AM GDP Growth Rate QoQ Flash 0.4% 0.4% 0.4% 0.5%
2019-03-01 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.4% 0.4% 0.4%
2019-04-30 07:00 AM GDP Growth Rate QoQ Flash 0.4% 0.3%
2019-05-29 07:00 AM GDP Growth Rate QoQ Final 0.4% 0.3%
2019-07-30 07:00 AM GDP Growth Rate QoQ Flash 0.4%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.10 -1.40 percent [+]
GDP Annual Growth Rate 2.40 2.20 5.60 -6.00 percent [+]
GDP 416.60 390.80 441.89 6.59 USD Billion [+]
GDP Constant Prices 87197.51 83627.52 87197.51 36766.30 EUR Million [+]
Gross National Product 386.09 369.22 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 22088.92 20594.95 22088.92 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 1.10 -1.40 1996 - 2018 percent Quarterly
SA




Country Last Previous
United States 2.20 Dec/18
Singapore 2.00 Mar/19
Saudi Arabia 1.60 Sep/18
India 1.50 Sep/18
China 1.40 Mar/19
South Africa 1.40 Dec/18
South Korea 1.00 Dec/18
Russia 0.80 Dec/18
Spain 0.60 Dec/18
Japan 0.50 Dec/18
Netherlands 0.50 Dec/18
France 0.30 Dec/18
Australia 0.20 Dec/18
Euro Area 0.20 Dec/18
Mexico 0.20 Dec/18
Switzerland 0.20 Dec/18
United Kingdom 0.20 Dec/18
Brazil 0.10 Dec/18
Canada 0.10 Dec/18
Germany 0.00 Dec/18
Italy -0.10 Dec/18
Argentina -1.20 Dec/18
Indonesia -1.69 Dec/18
Turkey -2.40 Dec/18


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