The Gross Domestic Product (GDP) in Austria contracted 12.80 percent in the second quarter of 2020 over the same quarter of the previous year.

GDP Annual Growth Rate in Austria averaged 1.62 percent from 1997 until 2020, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -12.80 percent in the second quarter of 2020. This page provides - Austria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on August of 2020.

GDP Annual Growth Rate in Austria is expected to be -5.90 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 9.30 in 12 months time. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 4.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.

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Austria GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-12.80 -2.80 5.60 -12.80 1997 - 2020 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-02-28 08:00 AM YoY Final Q4 1% 1.7% 1.1%
2020-04-30 07:00 AM YoY Flash Q1 -2.7% 1% -0.5%
2020-05-29 07:00 AM YoY Final Q1 -2.9% 1% -2.7% -2.7%
2020-07-30 07:00 AM YoY Flash Q2 -12.8% -2.8% -9.5%
2020-08-28 07:00 AM YoY Final Q2 -2.8% -12.8% -12.8%
2020-10-30 08:00 AM YoY Flash Q3 -5.9%
2020-11-30 08:00 AM YoY Final Q3 -5.9%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.

Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate -10.70 -2.40 1.70 -10.70 percent [+]
GDP Annual Growth Rate -12.80 -2.80 5.60 -12.80 percent [+]
GDP 446.31 455.51 455.51 6.59 USD Billion [+]
GDP Constant Prices 89075.18 97018.67 97018.67 36766.30 EUR Million [+]
Gross National Product 398.52 385.71 167219.00 176.61 EUR Million [+]
Gross Fixed Capital Formation 19954.33 24617.86 24617.86 8070.00 EUR Million [+]
GDP per capita 50654.70 50056.70 50654.70 13031.03 USD [+]
GDP per capita PPP 56352.40 55687.20 56352.40 37700.90 USD [+]


Austria GDP Annual Growth Rate
In Austria, 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.