Austria GDP Growth Rate  1996-2017 | Data | Chart | Calendar | Forecast

The Austrian economy advanced 0.5 percent on quarter in the last three months of 2016, the same as an upwardly revised 0.5 percent in the previous period and well above market expectations of 0.2 percent, preliminary estimates showed. Household consumption (0.5 percent, the same as in the previous quarter) and gross investment (0.9 percent fom 1.2 percent in the previous quarter) were the main drivers of the expansion. Public spending increased 0.3 percent (0.2 percent) while the contribution from net trade was negative, with imports (0.5 percent from 0.4 percent) rising faster than exports (0.4 percent from 0.2 percent). Year-on-year, the economy advanced 1.8 percent following an upwardly revised 1.3 percent increase in the previous quarter. It is the highest growth rate since the third quarter of 2011. GDP Growth Rate in Austria averaged 0.45 percent from 1996 until 2016, reaching an all time high of 1.60 percent in the third quarter of 1999 and a record low of -1.80 percent in the fourth quarter of 2008.

Austria GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-10-28 07:00 AM Q3 0.4% 0.3% 0.4%
2016-11-29 08:00 AM Q3 0.4% 0.3% 0.4% 0.4%
2017-01-31 08:00 AM Q4 0.5% 0.5% 0.2% 0.4%
2017-02-28 08:00 AM Q4 0.5% 0.5% 0.5%
2017-04-28 07:00 AM Q1 0.4%
2017-05-31 07:00 AM Q1 0.4%




Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 1.60 -1.80 percent [+]
GDP Annual Growth Rate 1.80 1.30 5.10 -6.00 percent [+]
GDP 376.95 438.38 438.38 6.59 USD Billion [+]
GDP Constant Prices 79283.32 77620.29 80724.80 36766.30 EUR Million [+]
Gross National Product 337.00 329.00 167219.00 176.00 EUR Million [+]
Gross Fixed Capital Formation 18777.50 18205.18 19533.12 8070.00 EUR Million [+]
GDP per capita 47754.60 47684.01 47946.06 13087.94 USD [+]
GDP per capita PPP 43972.65 43907.65 44148.94 31112.94 USD [+]



Austria GDP Growth Rate Notes

Austria's economy features a large service sector (63 percent of total GDP), a solid industrial sector (25 percent), and a small, but highly developed agricultural sector (1 percent). On the expenditure side, 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. . This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 1.60 -1.80 1996 - 2016 percent Quarterly



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