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

The Austrian gross domestic product advanced 0.9 percent on quarter in the three months to September 2017, compared with a preliminary estimate of 0.8 percent and following a 0.8 percent expansion in the previous period. Growth was mainly driven by household consumption (0.4 percent from 0.3 percent in Q2) and government spending (0.4 percent from 0.2 percent), while fixed investment increased at a slower pace (0.9 percent from 1.4 percent). Also, net external demand contributed positively as exports rose 0.9 percent (1.5 percent in Q2) while imports advanced at a slower 0.8 percent (1.4 percent in Q2). GDP Growth Rate in Austria averaged 0.45 percent from 1996 until 2017, reaching an all time high of 1.20 percent in the first quarter of 1998 and a record low of -1.40 percent in the first quarter of 2009.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-09-25 07:30 AM GDP Growth Rate QoQ Final 0.8% 0.9% 0.8% 0.8%
2017-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.8% 0.8% 0.8% 0.6%
2017-11-30 08:00 AM GDP Growth Rate QoQ Final 0.9% 0.8% 0.8% 0.8%
2018-01-31 08:00 AM GDP Growth Rate QoQ Flash 0.9%
2018-02-28 08:00 AM GDP Growth Rate QoQ Final 0.9%
2018-04-27 07:00 AM GDP Growth Rate QoQ Flash


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.90 0.80 1.20 -1.40 percent [+]
GDP Annual Growth Rate 3.20 2.70 5.60 -5.90 percent [+]
GDP 386.43 376.97 438.38 6.59 USD Billion [+]
GDP Constant Prices 82346.75 80727.29 82570.10 36766.30 EUR Million [+]
Gross National Product 353.30 344.49 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 19688.24 19125.44 20311.19 8070.00 EUR Million [+]
GDP per capita 47703.91 47629.62 47943.20 13087.16 USD [+]
GDP per capita PPP 44143.70 44074.95 44365.13 31265.29 USD [+]


Austria GDP Growth Rate

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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.80 1.20 -1.40 1996 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17