Austria | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.5 0.4 0.5 0.3 percent [+]
Unemployment Rate 10.30 9 7.9 8.1 10 9.2 percent [+]
Inflation Rate 1.40 1.1 1.4 1.6 1.8 2.2 percent [+]
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Balance of Trade -465.00 -182 -197 -200 -198 -199 EUR Million [+]
Government Debt to GDP 86.20 86.66 86.58 86.5 86.42 89.52 percent [+]
MARKETS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Currency 1.07 1.02 1.01 1 1.04 0.83 [+]
Stock Market 2666.46 2590 2560 2530 2510 2110 points [+]
Government Bond 10Y 0.54 0.44 0.44 0.45 0.44 0.52 percent [+]
GDP Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.40 0.4 0.5 0.4 0.5 0.3 percent [+]
GDP Annual Growth Rate 1.20 1.4 1.6 1.7 1.6 2.1 percent [+]
GDP 376.95 389 392 379 402 464 USD Billion [+]
GDP Constant Prices 79283.32 77822 79342 80906 83532 87787 EUR Million [+]
Gross National Product 337.00 341 344 347 349 391 EUR Million [+]
Gross Fixed Capital Formation 18777.50 15051 19057 19907 21402 26652 EUR Million [+]
GDP per capita 47754.60 48372 48519 48666 48813 51260 USD [+]
GDP per capita PPP 43972.65 44604 44751 44898 45046 47465 USD [+]
LABOUR Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Unemployment Rate 10.30 9 7.9 8.1 10 9.2 percent [+]
Employed Persons 3604.20 3564 3597 3608 3587 3591 Thousand [+]
Unemployed Persons 410429.00 419956 333529 336782 393335 370245 [+]
Long Term Unemployment Rate 2.10 2.04 2.02 2.05 2.01 2.04 percent [+]
Youth Unemployment Rate 10.40 11.29 11.23 11.25 11.25 11.25 percent [+]
Labour Costs 108.90 109 112 109 112 112 Index Points [+]
Job Vacancies 41841.00 43550 43170 42272 42408 42639 [+]
Wages 2554.60 2556 2568 2580 2592 2724 EUR/Month [+]
Wages in Manufacturing 130.30 130 130 130 130 130 Index Points [+]
Population 8.58 8.58 8.6 8.62 8.64 8.8 Million [+]
Retirement Age Women 60.00 60 60 60 60 60 [+]
Retirement Age Men 65.00 65 65 65 65 65 [+]
Employment Change 0.40 0.27 0.24 0.21 0.21 0.22 percent [+]
Employment Rate 71.40 70.73 71.55 72.32 71.6 71.6 percent [+]
Full Time Employment 2982.20 2947 2986 3020 2988 2987 Thousand [+]
Labor Force Participation Rate 61.20 60.74 61.29 61.66 61.16 61.18 percent [+]
Living Wage Family 1950.00 1965 1957 1961 1959 1960 EUR/Month [+]
Living Wage Individual 1150.00 1162 1158 1159 1159 1159 EUR/Month [+]
Part Time Employment 1153.20 1173 1179 1181 1187 1221 Thousand [+]
Productivity 104.40 104 104 104 109 108 Index Points [+]
Wages Low Skilled 1690.00 1692 1692 1692 1692 1692 EUR/Month [+]
Wages High Skilled 3510.00 3444 3435 3429 3425 3416 EUR/Month [+]
PRICES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Inflation Rate 1.40 1.1 1.4 1.6 1.8 2.2 percent [+]
Inflation Rate Mom 0.50 0.3 0.3 0.07 0.8 0.4 percent [+]
Harmonised Consumer Prices 102.50 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 102.10 102 102 102 102 102 Index Points [+]
GDP Deflator 111.05 112 112 112 112 114 Index Points [+]
Producer Prices 98.90 99.22 99.37 99.47 99.54 99.64 Index Points [+]
Producer Prices Change -0.20 0.2 0.2 0.81 0.9 1.8 percent [+]
Food Inflation 1.00 0.98 1.04 1.04 1.03 1.04 percent [+]
Cpi Transportation 99.90 98.69 98.69 98.69 98.69 98.69 Index Points [+]
MONEY Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Interest Rate 0.00 0 0 0 0 0.5 percent [+]
Interbank Rate -0.32 -0.32 -0.33 -0.33 -0.33 -0.33 percent [+]
Money Supply M1 197474.00 205505 209274 209194 211019 211464 EUR Million [+]
Money Supply M2 302403.00 305055 306016 305682 306374 306486 EUR Million [+]
Money Supply M3 306382.00 307349 307814 307292 307805 307752 EUR Million [+]
Foreign Exchange Reserves 22159.00 21988 21928 21917 21914 21913 EUR Million [+]
Banks Balance Sheet 862612.04 861576 867437 873298 871740 854673 EUR Million [+]
Loans to Private Sector 744591.00 741833 739956 738232 736617 723346 EUR Million [+]
Central Bank Balance Sheet 122553.00 120682 120428 120496 120515 120505 EUR Million [+]
Private Debt to GDP 165.64 167 167 166 166 166 percent [+]
TRADE Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Balance of Trade -465.00 -182 -197 -200 -198 -199 EUR Million [+]
Exports 11102.00 11039 10929 10945 10953 10948 EUR Million [+]
Imports 11566.00 11186 11140 11148 11149 11148 EUR Million [+]
Current Account 916.00 265 197 189 163 86.57 EUR Million [+]
External Debt 614023.00 605420 608816 607651 605288 605883 EUR Million [+]
Current Account to GDP 2.60 3 3 2.75 3.11 3.14 percent [+]
Capital Flows 3087.00 3427 365 2313 1276 1414 EUR Million [+]
Remittances 77.00 56.53 76.97 56.54 76.96 76.9 EUR Million [+]
Tourist Arrivals 1905.80 4108 3176 3902 3325 3315 Thousand [+]
Gold Reserves 279.99 280 280 280 280 280 Tonnes [+]
Foreign Direct Investment 3520.00 86.59 -1054 -1032 -709 -764 EUR Million [+]
Crude Oil Production 17.00 16.62 16.62 16.62 16.62 16.62 BBL/D/1K [+]
Terrorism Index 0.18 1.32 1.2 1.08 0.96 1.4 [+]
Weapons Sales 14.00 34.35 33.58 32.8 33.46 37.07 USD Million [+]
GOVERNMENT Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Government Debt to GDP 86.20 86.66 86.58 86.5 86.42 89.52 percent [+]
Government Budget -1.20 -1.5 -1.5 -2.23 -1.5 -0.4 percent of GDP [+]
Government Budget Value 1929.00 104 831 146 809 639 EUR Million [+]
Government Spending 15515.32 15808 15721 15606 16533 16351 EUR Million [+]
Government Spending to GDP 51.70 52.42 51.87 51.32 50.77 51.59 percent [+]
Government Revenues 7826.00 5408 5695 5889 5997 6035 EUR Million [+]
Fiscal Expenditure 5898.00 6264 6220 6208 6203 6202 EUR Million [+]
Asylum Applications 2145.00 2500 2509 2503 2507 2506 persons [+]
Military Expenditure 3006.00 3197 3135 3072 3083 3064 USD Million [+]
BUSINESS Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Manufacturing PMI 56.30 52.9 52 56.14 54.2 52.9 [+]
Industrial Production 0.20 2.48 1.55 0.78 1.39 1.43 percent [+]
Industrial Production Mom -0.90 0.15 0.15 0.15 0.15 0.15 percent [+]
Manufacturing Production -0.20 1.86 1.96 1.38 1.66 1.7 percent [+]
Capacity Utilization 85.10 85.47 85.68 85.71 85.54 84.61 percent [+]
New Orders 117.40 120 118 119 117 117 Index Points [+]
Car Registrations 32846.00 35216 35426 34008 34341 34558 Cars [+]
Changes In Inventories 160.50 186 278 288 279 310 EUR Million [+]
Competitiveness Index 5.22 5.14 5.14 5.14 5.14 5.15 Points [+]
Competitiveness Rank 19.00 23.64 23.64 20.02 18.81 29.47 [+]
Business Confidence -1.80 -6.4 -6.4 0.17 -7.9 -3.7 [+]
Ease of Doing Business 19.00 20.89 21.01 21.12 21.24 22.94 [+]
Electricity Production 5681.00 5589 5636 5633 5633 5633 Gigawatt-hour [+]
Corruption Index 76.00 75.35 75.97 76.59 77.2 83.32 Points [+]
Corruption Rank 16.00 23.33 23.54 23.75 23.96 26.09 [+]
Steel Production 637.33 631 631 631 631 631 Thousand Tonnes [+]
Mining Production 10.80 1.31 0.95 1 1.03 1.04 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence -2.00 -14 -14 -9.55 -12 -8 [+]
Retail Sales MoM -1.30 -0.8 -0.8 0.05 1.1 0.8 percent [+]
Retail Sales YoY 1.20 0.9 0.9 1.32 1 0.7 percent [+]
Consumer Spending 40115.60 37975 39387 40062 40110 39779 EUR Million [+]
Personal Savings 9.49 14.38 11.61 10.96 15.61 14.16 percent [+]
Consumer Credit 157455.00 158853 159818 160740 161624 169784 EUR Million [+]
Bank Lending Rate 1.87 1.74 1.74 1.73 1.73 1.73 percent [+]
Gasoline Prices 1.20 1.2 1.21 1.21 1.21 1.21 USD/Liter [+]
Households Debt To Gdp 50.80 50.54 50.55 50.49 50.48 50.38 percent [+]
Households Debt To Income 86.44 84.51 85.25 85.99 86.73 86.35 percent [+]
HOUSING Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Construction Output 2.00 1.73 1.12 1.41 1.4 1.4 percent [+]
Housing Index 142.49 148 150 151 153 167 Index Points [+]
Building Permits 20765.00 16782 19777 18235 17741 18081 [+]
Home Ownership Rate 55.70 56.98 56.92 56.85 56.79 56.86 percent [+]
TAXES Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Corporate Tax Rate 25.00 25 25 25 25 25 percent [+]
Personal Income Tax Rate 55.00 55 55 55 55 55 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 39.60 39.6 39.6 39.6 39.6 39.6 percent [+]
Social Security Rate For Companies 21.48 21.48 21.48 21.48 21.48 21.48 percent [+]
Social Security Rate For Employees 18.12 18.12 18.12 18.12 18.12 18.12 percent [+]





Economic Forecasts for Austria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Austria economy. 1/20/2017