The Gross Domestic Product (GDP) in Austria expanded 4.8 percent in the second quarter of 2021 over the same quarter of the previous year, slowing from an upwardly revised 12.6 expansion in the previous quarter. source: Oesterreichische Nationalbank

GDP Annual Growth Rate in Austria averaged 1.57 percent from 1997 until 2021, reaching an all time high of 12.60 percent in the second quarter of 2021 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 December of 2021.

GDP Annual Growth Rate in Austria is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 3.00 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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Austria GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2021-09-02 07:00 AM YoY Final Q2 12% -4.8% 11.4%
2021-10-29 07:00 AM YoY Flash Q3 4.8% 12.6% 3.7%
2021-12-02 08:00 AM YoY Final Q3 12.6% 4.8%

Related Last Previous Unit Reference
GDP Growth Rate 3.30 4.00 percent Sep/21
GDP Annual Growth Rate 4.80 12.60 percent Sep/21
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.