Austria | Economic Forecasts | 2016-2020 Outlook

Overview Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
GDP Growth Rate 0.50 0.4 0.5 0.4 0.5 0.3 percent [+]
Unemployment Rate 10.60 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 -284.00 -283 -281 -282 -282 -282 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 1.05 1.02 1.01 1 1.04 0.83 [+]
Stock Market 2815.22 2590 2560 2530 2510 2110 points [+]
Government Bond 10Y 0.60 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 0.50 0.4 0.5 0.4 0.5 0.3 percent [+]
GDP Annual Growth Rate 1.80 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 10.60 9 7.9 8.1 10 9.2 percent [+]
Employed Persons 3565.30 3564 3597 3608 3587 3591 Thousand [+]
Unemployed Persons 422262.00 400210 329598 341624 386424 364577 [+]
Long Term Unemployment Rate 1.90 1.91 1.9 1.95 1.89 1.92 percent [+]
Youth Unemployment Rate 10.50 11.29 11.23 11.25 11.25 11.25 percent [+]
Labour Costs 111.30 109 111 109 111 111 Index Points [+]
Job Vacancies 45165.00 47476 46081 43787 44443 44954 [+]
Wages 2554.60 2556 2568 2580 2592 2724 EUR/Month [+]
Wages in Manufacturing 131.30 131 132 132 132 133 Index Points [+]
Population 8.69 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 72.60 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 1318.50 1434 1412 1416 1415 1415 EUR/Month [+]
Living Wage Individual 1150.00 1044 1039 1042 1040 1041 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 99.50 100 102 103 105 118 Index Points [+]
Producer Prices Change 0.80 1 1.2 1.4 1.7 2.6 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 -0.33 -0.33 -0.34 -0.34 -0.34 -0.34 percent [+]
Money Supply M1 203010.00 207692 212015 212166 214206 214842 EUR Million [+]
Money Supply M2 309394.00 311638 314111 314420 315708 316414 EUR Million [+]
Money Supply M3 313689.00 315069 316850 316706 317647 317817 EUR Million [+]
Foreign Exchange Reserves 22269.00 22160 22141 22142 22141 22141 EUR Million [+]
Banks Balance Sheet 862612.04 861576 867437 873298 871740 854673 EUR Million [+]
Loans to Private Sector 736159.00 729856 725836 724555 723354 722680 EUR Million [+]
Central Bank Balance Sheet 124802.00 125382 124524 124385 124489 124479 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 -284.00 -283 -281 -282 -282 -282 EUR Million [+]
Exports 11840.00 11268 11091 11176 11153 11155 EUR Million [+]
Imports 12123.00 11584 11462 11532 11508 11513 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 3200.60 4096 3022 3887 3110 3174 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 -1296.00 -1556 -812 -1156 -562 -389 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 6822.00 5824 5901 5974 6041 6111 EUR Million [+]
Fiscal Expenditure 8118.00 6507 6385 6305 6283 6287 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 57.30 52.9 52 56.14 54.2 52.9 [+]
Industrial Production 2.30 2.48 1.55 0.78 1.39 1.43 percent [+]
Industrial Production Mom 1.00 0.15 0.15 0.15 0.15 0.15 percent [+]
Manufacturing Production 3.60 1.86 1.96 1.38 1.66 1.7 percent [+]
Capacity Utilization 85.10 85.44 85.23 85.27 85.13 84.52 percent [+]
New Orders 124.60 120 118 119 117 117 Index Points [+]
Car Registrations 31920.00 35072 35434 34046 34308 34553 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 1.20 -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 6018.00 5578 5661 5637 5636 5635 Gigawatt-hour [+]
Corruption Index 76.00 75.35 75.97 76.59 77.2 83.32 Points [+]
Corruption Rank 17.00 23.33 23.54 23.75 23.96 26.09 [+]
Steel Production 645.13 631 631 631 631 631 Thousand Tonnes [+]
Mining Production 10.00 1.31 0.95 1 1.03 1.04 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 8.00 -14 -14 10.31 -12 -8 [+]
Retail Sales MoM -1.40 -0.8 -0.8 0.05 1.1 0.8 percent [+]
Retail Sales YoY -1.00 0.9 0.9 0.77 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 158017.00 159118 160112 161062 161974 170396 EUR Million [+]
Bank Lending Rate 1.82 1.78 1.77 1.77 1.77 1.77 percent [+]
Gasoline Prices 1.23 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 -0.80 -0.45 -0.4 -0.39 -0.39 -0.39 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. 2/21/2017