The Gross Domestic Product (GDP) in Austria expanded 9.50 percent in the first quarter of 2022 over the same quarter of the previous year, beating preliminary estimates of 8.7 percent expansion and following an upwardly revised 6.3 percent expansion in the previous quarter. The current growth is just 0.5 percent above the corresponding pre-Corona quarter in 2019, supported by almost all sectors of the economy, in particular industry, construction, trade, and food and accommodation. source: Statistics Austria

GDP Annual Growth Rate in Austria averaged 1.71 percent from 1996 until 2022, reaching an all time high of 13.20 percent in the second quarter of 2021 and a record low of -13.50 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 June of 2022.

GDP Annual Growth Rate in Austria is expected to be 3.90 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 2.40 percent in 2023 and 2.00 percent in 2024, according to our econometric models.

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Austria GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 07:00 AM YoY Flash Q1 8.7% 5.6% 4.1%
2022-06-02 07:00 AM YoY Final Q1 9.5% 6.3% 8.7%
2022-07-29 07:00 AM YoY Flash Q2 3.9%

Related Last Previous Unit Reference
GDP Growth Rate 1.50 -0.80 percent Mar 2022
GDP Annual Growth Rate 9.50 6.30 percent Mar 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.50 6.30 13.20 -13.50 1996 - 2022 percent Quarterly