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 July 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.