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

The Austrian economy expanded 0.4 percent on quarter in the third quarter of 2016, higher than a 0.3 percent growth in the previous period, and matching preliminary estimates. Private consumption increased at a faster 0.4 percent (0.3 percent in Q2) while growth slowed for government spending (0.2 percent compared to 0.3 percent); gross fixed capital formation (0.7 percent compared to 1.2 percent in Q2); exports (0.2 percent compared to 0.6 percent) and imports (0.3 percent compared to 1 percent in Q2). Year-on-year, the economy advanced 1.2 percent, slightly below preliminary estimates of 1.3 percent. 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)
2016-08-29 07:00 AM Q2 0.3% 0.4% 0.3% 0.3%
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%
2017-01-30 08:00 AM Q4 0.41%
2017-02-28 08:00 AM Q4 0.41%
2017-04-28 07:00 AM Q1 0.37%




Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.30 1.60 -1.80 percent [+]
GDP Annual Growth Rate 1.20 1.20 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 [+]



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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.30 1.60 -1.80 1996 - 2016 percent Quarterly



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