Austria GDP Growth Rate  1996-2016 | Data | Chart | Calendar | Forecast

Austria's gross domestic product advanced 0.3 percent quarter-on-quarter in the second quarter of 2016, following a 0.4 percent expansion in the previous period, final data showed. The growth was mainly supported by private consumption (+0.3 percent, the same as in Q1) and investment (+1.0 percent, the same as in Q1) while government spending rose at a slower pace (+0.2 percent from +0.3 percent in Q1). Exports increased 0.7 percent (+0.4 percent) and imports grew 0.9 percent (+0.5 percent in Q1). On an annual basis, the economy advanced 1.2 percent, compared with a downwardly revised 1.6 percent growth in the first quarter. 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. GDP Growth Rate in Austria is reported by the Oesterreichische Nationalbank.

Austria GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.40 1.60 -1.80 1996 - 2016 percent Quarterly
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 September of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-05-30 07:00 AM Q1 0.5% 0.3% 0.4% 0.4%
2016-07-29 07:00 AM Q2 0.3% 0.4% 0.3%
2016-08-29 07:00 AM Q2 0.3% 0.4% 0.3% 0.3%
2016-10-31 08:00 AM Q3 0.4%
2016-11-28 08:00 AM Q3

Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.40 1.60 -1.80 percent [+]
GDP Annual Growth Rate 1.20 1.60 5.10 -6.00 percent [+]
GDP 374.06 436.89 436.89 6.59 USD Billion [+]
GDP Constant Prices 77555.70 75879.33 80724.80 36766.30 EUR Million [+]
Gross National Product 337.00 329.00 167219.00 176.00 EUR Million [+]
Gross Fixed Capital Formation 18064.64 15792.50 19533.12 8070.00 EUR Million [+]
GDP per capita 47667.81 47644.99 47951.56 13087.94 USD [+]
GDP per capita PPP 43892.73 43871.72 44154.01 31112.94 USD [+]




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