Austria's economy expanded 0.5 percent on quarter in the three months to September 2018, down from a 0.6 percent growth in the previous period and below market expectations of 0.6 percent, preliminary figures showed. It was the slowest expansion since the third quarter of 2016, as household consumption (0.4 percent from 0.5 percent in Q2), government spending (0.4 percent from 0.5 percent) and fixed investment (0.8 percent from 1.2 percent) advanced at a slower pace. Meantime, net external demand contributed positively to growth. Despite easing, exports (0.6 percent from 0.7 percent in Q2) continued to rise above imports (0.3 percent from 0.7 percent in Q2). On a yearly basis, Austria's gross domestic product grew 2.4 percent, the least since the fourth quarter 2017, compared to a 2.7 percent advance in the prior quarter. 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 -1.50 percent in the fourth quarter of 2008.

Austria GDP Growth Rate
width
height
 Preview
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us

Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.7% 0.8% 0.7% 0.6%
2018-09-25 07:30 AM GDP Growth Rate QoQ Final 0.6% 0.8% 0.7% 0.7%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.5% 0.6% 0.6% 0.5%
2018-11-30 08:00 AM GDP Growth Rate QoQ Final 0.6% 0.5% 0.5%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.60 1.10 -1.50 percent [+]
GDP Annual Growth Rate 2.40 2.70 5.60 -6.00 percent [+]
GDP 416.60 390.80 441.89 6.59 USD Billion [+]
GDP Constant Prices 82726.65 82125.05 85176.95 36766.30 EUR Million [+]
Gross National Product 369.22 353.30 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 19907.63 17128.24 21507.05 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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.60 1.10 -1.50 1996 - 2018 percent Quarterly
SA




Country Last
Singapore 4.70 Sep/18
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Australia 0.90 Jun/18
Mexico 0.90 Sep/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Canada 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
France 0.40 Sep/18
Brazil 0.20 Jun/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Italy 0.00 Sep/18
Saudi Arabia -0.05 Mar/18
Germany -0.20 Sep/18
Japan -0.30 Sep/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


Related
Latest