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

The Austrian economy expanded 0.4 percent on quarter in the first three months of 2016, higher than a 0.3 percent growth in the previous quarter but slightly below market expectations of 0.5 percent, preliminary estimates showed. Yet, it is the strongest performance since the last quarter of 2013 as private spending went up 0.2 percent, the same as in the previous period, gross investment increased 1 percent (1.5 percent in the previous quarter), exports rose at a faster 0.8 percent (0.7 percent in the previous quarter) and imports grew at a slower 0.9 percent (1.1 percent in the previous quarter). Year-on-year, the economy advanced 1.3 percent, higher than a downwardly revised 1 percent growth in the previous 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
0.40 0.30 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-01-29 08:00 AM Q4 0.3% 0.3% 0.2%
2016-02-29 08:00 AM Q4 0.3% 0.3% 0.3% 0.3%
2016-04-29 07:00 AM Q1 0.4% 0.3% 0.5% 0.4%
2016-05-31 07:00 AM Q1 0.3% 0.4% 0.4%
2016-07-29 07:00 AM Q2 0.5%
2016-08-29 07:00 AM Q2

Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 1.60 -1.80 percent [+]
GDP Annual Growth Rate 1.30 1.10 5.10 -6.00 percent [+]
GDP 436.34 428.32 436.34 6.59 USD Billion [+]
GDP Constant Prices 80902.60 78707.40 80902.60 36766.30 EUR Million [+]
Gross National Product 337.00 329.00 167219.00 176.00 EUR Million [+]
Gross Fixed Capital Formation 19110.50 17973.50 19166.70 8070.00 EUR Million [+]
GDP per capita 41077.36 41220.41 41367.56 10861.93 USD [+]
GDP per capita PPP 43905.68 44058.58 44215.86 31052.70 USD [+]




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