Austria’s gross domestic product expanded 2.4 percent year-on-year in the fourth quarter of 2018, following a 2.2 percent advance in Q3 and slightly higher than earlier estimates of 2.3 percent. On a quarterly basis, the economy grew 0.4 percent, the same as in the previous period and in line with preliminary estimates. Considering 2018, the economy expanded 2.7 percent, higher than a 2.6 percent gain in 2017. GDP Annual Growth Rate in Austria averaged 1.86 percent from 1997 until 2018, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -6 percent in the second quarter of 2009.
GDP Annual Growth Rate in Austria is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Austria to stand at 1.80 in 12 months time. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.