Austria GDP Annual Growth Rate  1997-2017 | Data | Chart | Calendar

Austrian economy advanced 1.7 percent year-on-year in the fourth quarter of 2016 following an 1.3 percent increase in the previous quarter, but missing a preliminary reading of 1.8 percent. It is the highest growth rate since the third quarter of 2011. Considering 2016 full year, the economy advanced 1.5 percent, the highest growth rate since 2011. GDP Annual Growth Rate in Austria averaged 1.74 percent from 1997 until 2016, reaching an all time high of 5.20 percent in the first quarter of 2011 and a record low of -5.80 percent in the second quarter of 2009.

Austria GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-29 08:00 AM Q3 1.2% 1.2% 1.3% 1.3%
2017-01-31 08:00 AM Q4 1.8% 1.3% 1.5%
2017-02-28 08:00 AM Q4 1.7% 1.3% 1.8% 1.8%
2017-04-28 07:00 AM Q1 1.7% 1.4%
2017-05-31 07:00 AM Q1 1.7% 1.4%
2017-07-28 07:00 AM Q2 1.6%




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 Annual Growth Rate Notes

Knowledge-based sectors are one of the biggest contributors to Austrian GDP. In 2014, more than EUR 9 billion was invested in Research and Development, which comprises a research ratio of nearly 3 percent in relation to the country’s GDP, significantly above the EU average of 2.01 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 Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.70 1.30 5.20 -5.80 1997 - 2016 percent Quarterly



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