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

Austria's gross domestic product expanded 0.5 percent on quarter in the three months to December 2016, the same as in the previous period and in line with the preliminary estimate. Household consumption grew 0.5 percent (0.6 percent in Q3) and government expenditure advanced 0.4 percent (0.3 percent in Q3) while fixed investment showed no growth. Meanwhile, net external demand continued to contribute negatively, as exports edged up 0.1 percent (the same as in Q3) and imports rose at a faster 0.3 percent (the same as in Q3). Year-on-year, the GDP expanded 1.7 percent after growing by 1.3 percent in the previous period and below a preliminary figure of 1.8 percent. In 2016, the economy advanced 1.5 percent, the highest growth rate since 2011. GDP Growth Rate in Austria averaged 0.44 percent from 1996 until 2016, reaching an all time high of 1.20 percent in the third quarter of 1999 and a record low of -1.50 percent in the first quarter of 2009.

Austria GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
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% 0.5%
2017-04-28 07:00 AM Q1 0.5% 0.4%
2017-05-31 07:00 AM Q1 0.5% 0.4%
2017-07-28 07:00 AM Q2 0.5%




Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 1.20 -1.50 percent [+]
GDP Annual Growth Rate 1.70 1.30 5.20 -5.80 percent [+]
GDP 376.95 438.38 438.38 6.59 USD Billion [+]
GDP Constant Prices 82060.56 79396.20 82060.56 36766.30 EUR Million [+]
Gross National Product 349.49 337.00 167219.00 176.00 EUR Million [+]
Gross Fixed Capital Formation 19704.12 18673.90 19704.12 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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 1.20 -1.50 1996 - 2016 percent Quarterly



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