Austria's economy grew by 5 percent in 2022, accelerating slightly from a 4.6 percent expansion in 2021. source: Statistics Austria

Full Year GDP Growth in Austria averaged 1.74 percent from 1996 until 2022, reaching an all time high of 5.00 percent in 2022 and a record low of -6.50 percent in 2020. This page includes a chart with historical data for Austria Full Year GDP Growth. Austria Full Year GDP Growth - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Full Year GDP Growth in Austria is expected to reach 0.90 percent by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Full Year GDP Growth is projected to trend around 1.40 percent in 2024 and 1.90 percent in 2025, according to our econometric models.

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Austria Full Year GDP Growth

Austria Full Year GDP Growth
In Austria, 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.
Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.60 5.00 -6.50 1996 - 2022 percent Yearly