Austria GDP Growth Rate
The Gross Domestic Product (GDP) in Austria expanded 0.20 percent in the first quarter of 2014 over the previous quarter. GDP Growth Rate in Austria averaged 0.48 Percent from 1996 until 2014, 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.
||1996 - 2014
Ever since the end of the World War II, Austria has achieved sustained economic growth. In particular, the access to the single European market through European Union membership has brought economic benefits and challenges and has drawn an influx of foreign investors. Most important for Austria is the service sector generating the vast majority of Austria's GDP. Vienna has grown to finance and consulting metropolis and has established itself as the door to the East within the last decades. This page provides - Austria GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.