Austria's economy grew 1.4 percent year-on-year in the first quarter of 2019, above a preliminary estimate of 1.1 percent but weaker than an upwardly revised 2.5 percent in Q4. It is the slowest growth rate since Q3 2016. GDP Annual Growth Rate in Austria averaged 1.86 percent from 1997 until 2019, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -6 percent in the second quarter of 2009.
GDP Annual Growth Rate in Austria is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Austria to stand at 1.80 in 12 months time. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.