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 10.10 9 7.9 8.1 10 9.2 percent [+]
Inflation Rate 2.20 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 -639.00 -325 -345 -353 -350 -350 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 1.08 1.04 1.03 1.02 1.01 0.84 [+]
Stock Market 2823.05 2780 2750 2730 2670 2250 points [+]
Government Bond 10Y 0.62 0.43 0.44 0.44 0.45 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 1.70 1.4 1.6 1.7 1.6 2.1 percent [+]
GDP 376.95 389 392 379 402 464 USD Billion [+]
GDP Constant Prices 82060.56 77472 78864 80174 82566 82549 EUR Million [+]
Gross National Product 349.49 3805 3808 3811 3814 12926 EUR Million [+]
Gross Fixed Capital Formation 19704.12 16270 18456 18786 19731 19547 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 10.10 9 7.9 8.1 10 9.2 percent [+]
Employed Persons 3546.40 3547 3596 3607 3578 3584 Thousand [+]
Unemployed Persons 400619.00 376740 316688 347582 383423 358012 [+]
Long Term Unemployment Rate 1.90 1.91 1.9 1.95 1.89 1.92 percent [+]
Youth Unemployment Rate 10.50 10.68 10.64 10.63 10.64 10.64 percent [+]
Labour Costs 111.30 108 111 108 111 111 Index Points [+]
Job Vacancies 49383.00 51324 49916 45641 46266 47383 [+]
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 3060.10 2955 2995 3046 3010 3006 Thousand [+]
Labor Force Participation Rate 62.10 60.91 61.46 62.09 61.53 61.53 percent [+]
Productivity 108.90 104 104 105 109 109 Index Points [+]
Part Time Employment 1146.10 1169 1174 1174 1180 1211 Thousand [+]
Living Wage Family 1318.50 1344 1349 1350 1350 1350 EUR/Month [+]
Living Wage Individual 1037.30 1045 1049 1051 1052 1053 EUR/Month [+]
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 2.20 1.1 1.4 1.6 1.8 2.2 percent [+]
Inflation Rate Mom 0.30 0.3 0.3 0.11 0.8 0.4 percent [+]
Harmonised Consumer Prices 102.10 102 102 102 102 102 Index Points [+]
Consumer Price Index CPI 102.10 102 102 102 102 102 Index Points [+]
GDP Deflator 111.33 112 112 112 112 114 Index Points [+]
Producer Prices 100.00 100 102 103 105 118 Index Points [+]
Producer Prices Change 2.00 1 1.2 1.4 1.7 2.6 percent [+]
Food Inflation 2.30 2.16 1.8 1.87 1.88 1.87 percent [+]
Cpi Transportation 101.10 101 101 101 101 101 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 -0.32 -0.33 -0.33 -0.33 percent [+]
Money Supply M1 202742.00 203888 206438 205450 207123 207227 EUR Million [+]
Money Supply M2 309629.00 313584 317000 317897 319415 320466 EUR Million [+]
Money Supply M3 313827.00 317322 319946 320239 321280 321574 EUR Million [+]
Foreign Exchange Reserves 22924.00 22954 23127 23153 23162 23163 EUR Million [+]
Banks Balance Sheet 824655.86 829911 815787 801663 787539 734552 EUR Million [+]
Loans to Private Sector 755744.00 748949 751024 751805 752384 757023 EUR Million [+]
Central Bank Balance Sheet 126024.00 126242 125513 125267 125380 125377 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 -639.00 -325 -345 -353 -350 -350 EUR Million [+]
Exports 10448.00 11214 10932 11016 11012 11006 EUR Million [+]
Imports 11087.00 11541 11361 11447 11425 11428 EUR Million [+]
Current Account 916.00 265 197 189 163 86.57 EUR Million [+]
Current Account to GDP 2.60 3 3 2.75 3.11 3.14 percent [+]
External Debt 601364.00 599081 601419 597817 594424 586447 EUR Million [+]
Capital Flows 3087.00 3427 365 2313 1276 1414 EUR Million [+]
Remittances 58.00 58.01 77.95 58.02 77.94 77.88 EUR Million [+]
Tourist Arrivals 3481.70 3445 2669 3378 3001 2972 Thousand [+]
Gold Reserves 279.99 280 280 280 280 280 Tonnes [+]
Crude Oil Production 17.00 16.62 16.62 16.62 16.62 16.62 BBL/D/1K [+]
Foreign Direct Investment 3520.00 86.59 -1054 -1032 -709 -764 EUR Million [+]
Weapons Sales 14.00 34.35 33.58 32.8 33.46 37.07 USD Million [+]
Terrorism Index 0.18 1.32 1.2 1.08 0.96 1.4 [+]
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 -2657.00 -1704 -939 -1375 -745 -652 EUR Million [+]
Government Spending 16781.49 15733 15684 15643 16786 16603 EUR Million [+]
Government Spending to GDP 51.70 52.42 51.87 51.32 50.77 51.59 percent [+]
Government Revenues 3875.00 5890 5740 5750 5864 6022 EUR Million [+]
Fiscal Expenditure 6532.00 6491 6396 6324 6298 6299 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 57.20 52.9 52 57.26 54.2 52.9 [+]
Industrial Production -1.10 -0.43 -0.65 -0.7 -0.7 -0.7 percent [+]
Industrial Production Mom -1.60 0.1 0.15 0.15 0.15 0.15 percent [+]
Manufacturing Production 3.50 3.94 4.11 4.18 4.22 4.24 percent [+]
Capacity Utilization 85.10 85.44 85.23 85.27 85.13 84.52 percent [+]
New Orders 123.80 125 122 124 122 122 Index Points [+]
Car Registrations 30536.00 33291 35972 34715 33756 34421 Cars [+]
Changes In Inventories 554.70 272 399 395 322 335 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 1.10 -6.4 -6.4 2.39 -7.9 -3.7 [+]
Ease of Doing Business 19.00 20.89 21.01 21.12 21.24 22.94 [+]
Electricity Production 6480.00 5759 5727 5649 5647 5640 Gigawatt-hour [+]
Corruption Index 75.00 75 74 74 73 74 Points [+]
Corruption Rank 17.00 23.33 23.54 23.75 23.96 26.09 [+]
Steel Production 698.50 669 654 650 647 645 Thousand Tonnes [+]
Mining Production -9.90 -3.19 0.13 0.75 0.77 0.75 percent [+]
CONSUMER Actual Q1/17 Q2/17 Q3/17 Q4/17 2020
Consumer Confidence 6.00 -14 -14 6.66 -12 -8 [+]
Retail Sales MoM 0.50 -0.8 -0.8 0.03 1.1 0.8 percent [+]
Retail Sales YoY 0.70 0.9 0.9 0.44 1 0.7 percent [+]
Consumer Spending 39498.30 39510 39522 39531 39540 39548 EUR Million [+]
Personal Savings 9.49 14.38 11.61 10.96 15.61 14.16 percent [+]
Consumer Credit 157812.00 158496 159391 160267 161108 168886 EUR Million [+]
Bank Lending Rate 1.75 1.69 1.64 1.62 1.62 1.61 percent [+]
Gasoline Prices 1.19 1.17 1.16 1.16 1.16 1.16 USD/Liter [+]
Households Debt To Gdp 51.10 51.04 51.06 51.12 51.11 51.13 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 -0.60 -0.03 -0.07 -0.05 -0.05 -0.05 percent [+]
Housing Index 142.49 148 150 151 153 167 Index Points [+]
Building Permits 15601.00 16271 19265 16096 17102 17247 [+]
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. 3/24/2017