Austria’s gross domestic product expanded 0.4 percent on quarter in the three months to December of 2018, the same pace as in the previous period and in line with earlier estimates. Private consumption (0.4 percent from 0.3 percent in Q3) rose faster and government spending went up 0.1 percent, after showing no growth in Q3. On the other hand, fixed investment slowed (0.4 percent from 0.7 percent). Meanwhile, net trade contributed positively to growth, as exports climbed 0.7 percent (from 0.8 percent in Q3) and imports increased at a softer 0.6 percent (the same as in Q3). Year-on-year, the economy grew 2.4 percent, slightly higher than preliminary estimates of 2.3 percent and compared with a 2.2 percent expansion in Q3. Considering 2018, the economy expanded 2.7 percent, higher than a 2.6 percent gain in 2017. GDP Growth Rate in Austria averaged 0.47 percent from 1996 until 2018, 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 0.30 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 0.40 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.