Austria GDP Growth Rate

The Gross Domestic Product (GDP) in Austria expanded 0.30 percent in the fourth quarter of 2013 over the previous quarter. GDP Growth Rate in Austria is reported by the Oesterreichische Nationalbank. GDP Growth Rate in Austria averaged 0.48 Percent from 1996 until 2013, 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. 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. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
0.30 0.20 1.60 -1.80 0.31 | 2014/06 1996 - 2013 Percent Quarterly

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Austria GDP Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-10 08:00 AM Austria
GDP Growth Rate QoQ - Final
Q2 2013 0.1% 0.1% (R) 0.2% 0.2%
2013-11-14 08:00 AM Austria
GDP Growth Rate QoQ
Q3 2013 0.2% 0.0% (R) 0.16%
2014-02-14 08:00 AM Austria
GDP Growth Rate QoQ Flash
Q4 2013 0.3% 0.2% 0.04%
2014-03-11 08:00 AM Austria
GDP Growth Rate QoQ Final
Q4 2013 0.3% 0.2% 0.3% 0.3%
2014-05-15 08:00 AM Austria
GDP Growth Rate QoQ Flash
Q1 2014 0.3% 0.33%
2014-06-06 08:00 AM Austria
GDP Growth Rate QoQ Final
Q1 2014 0.3%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.30 2013-12-31 0.20 1.60 -1.80 0.31 2014-06-30 Percent [+]
GDP Annual Growth Rate 1.10 2013-12-31 0.50 5.10 -6.00 1.02 2014-06-30 Percent [+]
GDP Constant Prices 70281.30 2013-11-15 69223.50 70281.30 36766.30 68305.16 2014-06-30 EUR Million [+]
Gross Fixed Capital Formation 15852.00 2013-11-15 14737.00 15852.00 8070.00 15181.93 2014-06-30 EUR Million [+]
Gross National Product 313197.00 2013-06-30 307004.00 313197.00 55431.00 319409.43 2014-06-30 EUR Million [+]
GDP per capita 39969.68 2012-12-31 39815.45 39969.68 10861.66 40128.07 2014-06-30 USD [+]
GDP per capita PPP 36259.32 2012-12-31 36119.40 36259.32 20631.17 36403.01 2014-06-30 USD [+]
GDP 399.60 2012-12-31 417.70 417.70 6.60 390.43 2014-06-30 USD Billion [+]
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GDP Growth Rate | Notes
The GDP Growth Rate shows a percentage change in the seasonally adjusted GDP value in the certain quarter, compared to the previous quarter. Because of climatic conditions and holidays, the intensity of the production varies throughout the year. This makes a direct comparison of two consecutive quarters difficult. In order to adjust for these conditions, many countries calculate the quarterly GDP using so called seasonally adjusted method. The Gross Domestic Product can be determined using three different approaches: the product, the income, and the expenditure technique, which should give the same result. In sum, the product technique sums the outputs of every class of enterprise. The expenditure technique works on the principle that every product must be bought by somebody, therefore the value of the total product must be equal to people's total expenditures in buying products and services. The income technique works on the principle that the incomes of the productive factors must be equal to the value of their product, and determines GDP by finding the sum of all producers' incomes.


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Austria Current Account at 2623.00 EUR Million  
Austria recorded a Current Account surplus of 2623 EUR Million in the fourth quarter of 2013. Current Account in Austria is reported by the Oesterreichische Nationalbank.
Austria Prime Lending Rate at 2.32 Percent  
Bank Lending Rate in Austria increased to 2.32 percent in February of 2014 from 2.28 percent in January of 2014. Bank Lending Rate in Austria is reported by the Oesterreichische Nationalbank.
Austria Capital Flows at -268.00 EUR Million  
Capital Flows in Austria increased to -268 EUR Million in the third quarter of 2013 from -2343 EUR Million in the second quarter of 2013. Capital Flows in Austria is reported by the Oesterreichische Nationalbank.
Austria Capacity Utilization at 84.10 Percent  
Capacity Utilization in Austria increased to 84.10 percent in the first quarter of 2014 from 82.60 percent in the fourth quarter of 2013. Capacity Utilization in Austria is reported by the European Commission.
Austria Car Registrations at 41621.00 Cars  
Car Registrations in Austria increased to 41621 Cars in March of 2014 from 33080 Cars in February of 2014. Car Registrations in Austria is reported by the Statistics Austria.
Austria Construction Output at 8.90 Percent  
Construction output in Austria increased 8.90 percent in January of 2014 over the same month in the previous year. Construction Output in Austria is reported by the Eurostat.
Austria Consumer Price Index (CPI) at 109.60 Index Points  
Consumer Price Index (CPI) in Austria increased to 109.60 Index Points in March of 2014 from 108.60 Index Points in February of 2014. Consumer Price Index (CPI) in Austria is reported by the Statistics Austria.
Austria Consumer Spending at 48810.90 EUR Million  
Consumer Spending in Austria increased to 48810.90 EUR Million in the third quarter of 2013 from 48742 EUR Million in the second quarter of 2013. Consumer Spending in Austria is reported by the Statistics Austria.
Austria Employed Persons at 3444.20 Thousand  
The number of employed persons in Austria increased to 3444.20 Thousand in February of 2014 from 3426.90 Thousand in January of 2014. Employed Persons in Austria is reported by the Statistics Austria.
Austria External Debt at 51.00 EUR Billion  
External Debt in Austria decreased to 51 EUR Billion in 2012 from 67.60 EUR Billion in 2011. External Debt in Austria is reported by the Statistics Austria.
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