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

The Austrian economy expanded by 0.3 percent on quarter in the three months to December 2015, the same pace as in the previous period, according to preliminary estimates. The growth was mainly driven by private consumption (+0.2 percent) and investment (+1.3 percent) while net exports diminished due to strong imports. Year-on-year, the GDP expanded by 1.1 percent, accelerating from a 1.0 percent growth in the previous period and reaching the highest annual growth rate since the last quarter of 2013. GDP Growth Rate in Austria averaged 0.45 percent from 1996 until 2015, 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
0.30 0.30 1.60 -1.80 1996 - 2015 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 February of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-10-30 08:00 AM Q3 0.3% 0.3% 0.3%
2015-11-27 08:00 AM Q3 0.3% 0.3% 0.3% 0.3%
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%
2016-04-29 07:00 AM Q1 0.38%
2016-05-31 07:00 AM Q1

Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.30 1.60 -1.80 percent [+]
GDP Annual Growth Rate 1.10 1.00 5.10 -6.00 percent [+]
GDP 436.34 428.32 436.34 6.59 USD Billion [+]
GDP Constant Prices 78707.40 76007.70 80153.50 36766.30 EUR Million [+]
Gross National Product 329.00 323.00 167219.00 176.00 EUR Million [+]
Gross Fixed Capital Formation 17973.50 16724.50 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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