The Austrian economy advanced 0.3 percent on quarter in Q4 2019, unchanged from the preliminary estimate and above 0.2 percent in the previous period. Private spending expanded by 0.3 percent, while public consumption grew 0.4 percent. Also, gross fixed capital formation regained some momentum (+0.4 percent), mainly driven by construction (+0.5 percent) while investment in machinery and equipment stagnated and the one in machinery and transport equipment declined. Also, export momentum slowed (0.2 percent) although imports edged up a meagre 0.1 percent, resulting in a positive net external contribution to growth. On the production side, services bolstered the growth, namely retail trade (0.3 percent) and accommodation and food service activities (0.5 percent); construction growth remained solid (0.2 percent); while manufacturing shrank 0.6 percent. Year-on-year, the economy expanded 1 percent and considering full 2019, growth fell to 1.6 percent from 2.4 percent in 2018.

GDP Growth Rate in Austria averaged 0.45 percent from 1996 until 2019, reaching an all time high of 1 percent in the second quarter of 1999 and a record low of -1.10 percent in the fourth quarter of 2008. This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.

GDP Growth Rate in Austria is expected to be 0.10 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 0.20 in 12 months time. In the long-term, the Austria GDP Growth Rate is projected to trend around 0.50 percent in 2021, according to our econometric models.

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Austria GDP Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.20 1.00 -1.10 1996 - 2019 percent Quarterly
SA


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 08:00 AM QoQ Flash Q3 0.2% 0.2% 0.3% 0.4%
2019-11-29 08:00 AM QoQ Final Q3 0.2% 0.2% 0.2%
2020-01-30 08:00 AM QoQ Flash Q4 0.3% 0.2% 0.2% 0.4%
2020-02-28 08:00 AM QoQ Final Q4 0.3% 0.2% 0.3% 0.3%
2020-04-30 07:00 AM QoQ Flash Q1 0.3% 0.1%
2020-05-29 07:00 AM QoQ Final Q1 0.3% 0.1%
2020-07-30 07:00 AM QoQ Flash Q2 -0.8%
2020-08-28 07:00 AM QoQ Final Q2 -0.8%


News Stream
Austria GDP Growth Confirmed at 0.3% in Q4
The Austrian economy advanced 0.3 percent on quarter in Q4 2019, unchanged from the preliminary estimate and above 0.2 percent in the previous period. Private spending expanded by 0.3 percent, while public consumption grew 0.4 percent. Also, gross fixed capital formation regained some momentum (+0.4 percent), mainly driven by construction (+0.5 percent) while investment in machinery and equipment stagnated and the one in machinery and transport equipment declined. Also, export momentum slowed (0.2 percent) although imports edged up a meagre 0.1 percent, resulting in a positive net external contribution to growth. On the production side, services bolstered the growth, namely retail trade (0.3 percent) and accommodation and food service activities (0.5 percent); construction growth remained solid (0.2 percent); while manufacturing shrank 0.6 percent. Year-on-year, the economy expanded 1 percent and considering full 2019, growth fell to 1.6 percent from 2.4 percent in 2018.
2020-02-28
Austria GDP Growth Stronger than Forecast
Austria's gross domestic product grew 0.3 percent on quarter in the three months to December 2019, accelerating from a 0.2 percent expansion in the previous period and beating market expectations of 0.2 percent, a flash estimate showed. Fixed investment rose 0.5 percent (vs 0.3 percent in Q3) and government spending advanced 0.4 percent (vs 0.3 percent in Q3), while private consumption growth held steady at 0.3 percent and net external demand made no contribution to the expansion. On a yearly basis, the economy expanded 1.1 percent, the weakest growth rate in four years.
2020-01-30
Austria GDP Growth Confirmed at 4-1/2-Year Low
Austria’s GDP expanded 0.2 percent on quarter in the three months to September 2019, the same as in the previous period and in line with preliminary estimates. It was the lowest GDP growth since Q1 2015. Household consumption (0.3 percent vs 0.4 percent in Q2) and gross fixed capital formation (0.1 percent vs 0.2 percent) slowed while government expenditure rose 0.2 percent, after showed no growth in Q2. Meantime, net foreign demand was neutral, as both exports and imports advanced 0.7 percent, after rising 0.6 percent and 0.7 percent in Q2, respectively. Year-on-year, the GDP grew 1.5 percent, slowing from a 1.8 percent expansion in Q2 and also matching earlier estimates. It was the lowest annual GDP growth since the third quarter of 2016.
2019-11-29
Austria GDP Growth at Fresh 4-Year Low
Austria’s GDP expanded 0.2 percent on quarter in the three months to September 2019, the same as the downwardly revised figure in the previous period and less than market expectations of a 0.3 percent advance, flash estimates showed. It was the lowest GDP growth since Q1 2015. Household consumption (0.2 percent vs 0.3 percent in Q2) and gross fixed capital formation (0.2 percent vs 0.3 percent) slowed while government expenditure rose 0.2 percent, after showed no growth in Q2. Also, net foreign demand contributed positively to growth, as exports climbed 0.7 percent (vs 0.6 percent in Q2) and imports went up at a slower 0.6 percent (vs 0.8 percent). Year-on-year, the GDP grew 1.5 percent, slowing from an upwardly revised 1.8 percent expansion in Q2. That is the lowest annual GDP growth since the third quarter of 2016.
2019-10-30

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. .