The Austrian economy grew 1.9% from a year earlier in the first three months of 2023, easing from a 2.4% expansion in the previous quarter and aligning closely with market forecasts of 1.8%. source: Statistics Austria

GDP Annual Growth Rate in Austria averaged 1.76 percent from 1996 until 2023, reaching an all time high of 13.00 percent in the second quarter of 2021 and a record low of -13.20 percent in the second quarter of 2020. This page provides - Austria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

GDP Annual Growth Rate in Austria is expected to be -0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 1.20 percent in 2024 and 1.10 percent in 2025, according to our econometric models.

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Austria GDP Annual Growth Rate

Calendar GMT Actual Previous Consensus TEForecast
2023-04-28 07:00 AM YoY Flash Q1 1.8% 2.6% 0.7%
2023-06-02 07:00 AM YoY Final Q1 1.9% 2.6% 1.8% 1.8%
2023-07-28 07:00 AM YoY Flash Q2 1.9% -0.9%

Related Last Previous Unit Reference
GDP Growth Rate 0.00 0.00 percent Mar 2023
GDP Annual Growth Rate 1.90 2.40 percent Mar 2023

Austria GDP Annual Growth Rate
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
1.90 2.40 13.00 -13.20 1996 - 2023 percent Quarterly