Austria's economy expanded 0.4 percent on quarter in the three months to March of 2019, the same pace as in the previous period and beating market expectations of a 0.3 percent gain, final figures showed. It remains the slowest expansion since Q2 2015, as government spending grew slightly less (0.4 percent vs 0.5 percent in Q4). Meanwhile, private consumption (0.4 percent vs 0.3 percent) and fixed investment (0.8 percent vs 0.7 percent) advanced faster. At the same time, net trade contributed positively to growth, as exports rose 0.6 percent (vs 0.7 percent in Q4) and imports increased at a slower 0.4 percent (vs 0.5 percent in Q4). Year-on-year, the GDP advanced 1.4 percent, above a preliminary estimate of 1.1 percent but weaker than an upwardly revised 2.5 percent in Q4. It was the slowest annual growth rate since Q3 2016. GDP Growth Rate in Austria averaged 0.47 percent from 1996 until 2019, reaching an all time high of 1.10 percent in the fourth quarter of 1997 and a record low of -1.40 percent in the fourth quarter of 2008.

GDP Growth Rate in Austria is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Austria to stand at 0.50 in 12 months time. In the long-term, the Austria GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-30 08:00 AM GDP Growth Rate QoQ Flash Q4 0.4% 0.4% 0.4% 0.5%
2019-03-01 08:00 AM GDP Growth Rate QoQ Final Q4 0.4% 0.4% 0.4% 0.4%
2019-04-30 07:00 AM GDP Growth Rate QoQ Flash Q1 0.3% 0.4% 0.3% 0.3%
2019-05-29 07:00 AM GDP Growth Rate QoQ Final Q1 0.4% 0.4% 0.3% 0.3%
2019-07-30 07:00 AM GDP Growth Rate QoQ Flash Q2 0.4% 0.4%
2019-08-30 07:30 AM GDP Growth Rate QoQ Final Q2 0.4% 0.4%
2019-10-30 08:00 AM GDP Growth Rate QoQ Flash Q3 0.5%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.40 1.10 -1.40 percent [+]
GDP Annual Growth Rate 1.40 2.50 5.60 -6.00 percent [+]
GDP 455.74 416.84 455.74 6.59 USD Billion [+]
GDP Constant Prices 83280.41 87269.51 87269.51 36766.30 EUR Million [+]
Gross National Product 386.09 369.22 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 17833.73 22225.88 22225.88 8070.00 EUR Million [+]
GDP per capita 50250.00 49190.20 50250.00 13031.03 USD [+]
GDP per capita PPP 46473.30 45493.00 46473.30 31341.90 USD [+]


Austria GDP Growth Rate

Austria's economy features a large service sector (63 percent of total GDP), a solid industrial sector (25 percent), and a small, but highly developed agricultural sector (1 percent). On the expenditure side, 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. . This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.40 1.10 -1.40 1996 - 2019 percent Quarterly
SA




Country Last Previous
United States 3.10 Mar/19
China 1.60 Jun/19
India 1.60 Dec/18
Turkey 1.30 Mar/19
Saudi Arabia 1.07 Dec/18
Spain 0.70 Mar/19
Japan 0.60 Mar/19
Switzerland 0.60 Mar/19
Netherlands 0.50 Mar/19
United Kingdom 0.50 Mar/19
Australia 0.40 Mar/19
Euro Area 0.40 Mar/19
Germany 0.40 Mar/19
France 0.30 Mar/19
Canada 0.10 Mar/19
Italy 0.10 Mar/19
Argentina -0.20 Mar/19
Brazil -0.20 Mar/19
Mexico -0.20 Mar/19
Russia -0.40 Mar/19
South Korea -0.40 Mar/19
Indonesia -0.52 Mar/19
South Africa -3.20 Mar/19
Singapore -3.40 Jun/19


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