The Gross Domestic Product (GDP) in Austria contracted 5.50 percent in the first quarter of 2021 over the same quarter of the previous year. source: Oesterreichische Nationalbank

GDP Annual Growth Rate in Austria averaged 1.40 percent from 1997 until 2021, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -13.60 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 July of 2021.

GDP Annual Growth Rate in Austria is expected to be 10.20 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 5.70 in 12 months time. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 3.20 percent in 2022 and 1.40 percent in 2023, according to our econometric models.

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Austria GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -5.60 5.60 -13.60 1997 - 2021 percent Quarterly
NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 08:00 AM YoY Flash Q4 -7.8% -4.2% -5.2%
2021-03-05 08:00 AM YoY Final Q4 -5.7% -3.7% -7.8%
2021-04-30 07:00 AM YoY Flash Q1 -2.7% -5.9% -3%
2021-05-31 07:00 AM YoY Final Q1 -5.5% -5.6% -2.7%
2021-07-30 07:00 AM YoY Flash Q2 -5.5% 10.2%
2021-08-27 07:00 AM YoY Final Q2 -5.5%
2021-10-29 08:00 AM YoY Flash Q3 1.7%
2021-11-26 08:00 AM YoY Final Q3
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 -1.10 -3.10 11.80 -10.70 percent [+]
GDP Annual Growth Rate -5.50 -5.60 5.60 -13.60 percent [+]
GDP 428.97 445.08 455.09 1.12 USD Billion [+]
GDP Constant Prices 84036.87 90853.05 96295.07 36766.30 EUR Million [+]
Gross National Product 375.56 398.52 167219.00 176.61 EUR Million [+]
Gross Fixed Capital Formation 20821.70 24434.91 24615.51 8070.00 EUR Million [+]
GDP per capita 47054.58 50585.97 50585.97 13043.75 USD [+]
GDP per capita PPP 51935.60 55833.32 55833.32 37440.84 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.