Austria - Economic Forecasts - 2018-2020 Outlook

This page has economic forecasts for Austria including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Austria economy.


Overview Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.70 0.6 0.5 0.7 0.6 0.3 percent
Unemployment Rate 7.00 7 7.4 7 7.3 7.7 percent
Inflation Rate 2.20 2.4 2.5 2 2.2 2.2 percent
Interest Rate 0.00 0 0 0 0 0.75 percent
Balance of Trade -146.20 -609 -696 -535 -820 -736 EUR Million
Government Debt to GDP 78.40 75.1 75.1 72.3 72.3 70.2 percent
MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 1.17
1.16 1.15 1.15 1.14 1.12
Stock Market 3373.48
points
3273 3235 3197 3160 3014
Government Bond 10Y 0.70
percent
0.66 0.71 0.75 0.8 1.02
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Growth Rate 0.70
percent
0.6 0.5 0.7 0.6 0.3
GDP Annual Growth Rate 2.30
percent
2.8 2.6 1.8 2.1 1.8
GDP 416.60
USD Billion
424 424 448 448 464
GDP Constant Prices 82542.37
EUR Million
83468 87401 82667 84276 90665
Gross National Product 369.22
EUR Million
358 379 376 361 393
Gross Fixed Capital Formation 19940.17
EUR Million
19901 21603 17662 20359 22409
GDP per capita 49129.23
USD
49800 49800 50600 50600 51500
GDP per capita PPP 45436.69
USD
45649 46058 43949 43949 46773
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 7.00
percent
7 7.4 7 7.3 7.7
Employed Persons 3827.90
Thousand
3809 3706 3691 3751 3734
Unemployed Persons 288186.00
305658 347478 327798 306276 322814
Long Term Unemployment Rate 1.70
percent
1.69 1.67 1.7 1.68 1.69
Youth Unemployment Rate 9.40
percent
9.48 9.7 9.59 9.62 9.62
Labour Costs 118.70
Index Points
114 115 115 120 118
Job Vacancies 79354.00
77274 70262 70452 74132 72884
Wages 2646.00
EUR/Month
2750 2750 2800 2709 2850
Wages in Manufacturing 135.80
Index Points
139 140 142 137 150
Population 8.82
Million
8.82 8.82 8.85 8.85 8.88
Retirement Age Women 60.00
60 60 60 60 60
Retirement Age Men 65.00
65 65 65 65 65
Wages Low Skilled 1630.00
EUR/Month
1759 1759 1759 1794 1784
Wages High Skilled 3580.00
EUR/Month
3737 3737 3737 3822 3767
Productivity 105.80
Index Points
107 111 105 107 111
Labor Force Participation Rate 60.80
percent
61.78 61.41 60.91 61.27 61.37
Living Wage Family 1660.00
EUR/Month
1750 1750 1800 1851 1800
Living Wage Individual 1010.00
EUR/Month
1088 1082 1086 1090 1104
Part Time Employment 1184.60
Thousand
1175 1186 1192 1191 1203
Full Time Employment 2991.20
Thousand
3075 3043 3005 3033 3039
Employment Change 0.50
percent
0.39 0.33 0.29 0.26 0.24
Employment Rate 72.00
percent
73.3 72.94 72.36 72.87 73.01
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 2.20
percent
2.4 2.5 2 2.2 2.2
Inflation Rate Mom 0.00
percent
0.3 0.7 -0.1 0.1 0.3
Harmonised Consumer Prices 104.80
Index Points
106 108 107 108 112
Consumer Price Index CPI 104.90
Index Points
106 107 107 107 112
GDP Deflator 115.23
Index Points
115 116 116 116 119
Producer Prices 102.80
Index Points
103 104 104 105 107
Producer Prices Change 3.40
percent
3.1 3.4 3.1 2.8 0.9
Food Inflation 1.20
percent
2 2.3 1.8 1.9 1.9
Cpi Housing Utilities 105.00
Index Points
105 105 106 106 106
CPI Transportation 104.90
Index Points
104 105 104 107 109
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 0.00
percent
0 0 0 0 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.32 0.43
Money Supply M1 242799.00
EUR Million
243756 245488 244575 245922 246056
Money Supply M2 335881.00
EUR Million
336727 338601 337920 339251 339512
Money Supply M3 338749.00
EUR Million
339691 341363 340617 341780 341855
Foreign Exchange Reserves 19742.00
EUR Million
19621 19507 19496 19487 19486
Banks Balance Sheet 824655.86
EUR Million
801663 787539 783927 780315 727538
Loans to Private Sector 752444.00
EUR Million
753482 752618 752187 752025 751867
Private Debt to GDP 163.00
percent
161 160 160 159 158
Central Bank Balance Sheet 148746.00
EUR Million
148517 148708 148685 148684 148687
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -146.20
EUR Million
-609 -696 -535 -820 -736
Exports 13175.00
EUR Million
12369 11189 13674 11918 11689
Imports 13321.00
EUR Million
12978 11885 14209 12738 12425
Current Account 5293.00
EUR Million
1476 1220 4150 965 1220
Current Account to GDP 1.90
percent
3.2 3.2 3.4 3.4 3.6
External Debt 566186.00
EUR Million
552861 546572 546218 543594 513398
Capital Flows 6911.00
EUR Million
3192 2536 3515 2294 2104
Remittances 57.00
EUR Million
57.01 76.32 57.02 76.31 76.26
Tourist Arrivals 5300.04
Thousand
4000 4200 4300 3800 3900
Gold Reserves 280.00
Tonnes
280 280 280 280 280
Terrorism Index 1.52
0.92 0.81 0.83 0.86 1.99
Weapons Sales 22.00
USD Million
23.22 22.29 21.43 20.58 19.21
Foreign Direct Investment 4293.00
EUR Million
196 258 -44.8 87.36 78.97
Crude Oil Production 14.00
BBL/D/1K
13.88 13.91 13.89 13.89 13.89
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 78.40
percent
75.1 75.1 72.3 72.3 70.2
Government Budget -0.70
percent of GDP
-0.4 -0.4 0.2 -1.44 0.5
Government Budget Value -984.00
EUR Million
265 804 1098 971 660
Government Spending 15983.27
EUR Million
16276 17381 16160 16319 18030
Government Spending to GDP 49.10
percent
49.36 48.85 49.16 49.48 50.46
Government Revenues 5086.00
EUR Million
8037 10527 11597 11813 11696
Fiscal Expenditure 6069.00
EUR Million
7772 9629 10499 10842 11036
Military Expenditure 2881.09
USD Million
2831 2823 2820 2817 2848
Government Debt 290331.00
EUR Million
293649 291852 293680 295508 306966
Asylum Applications 985.00
persons
1218 1220 1219 1220 1219
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Manufacturing PMI 56.40
56.6 56 55.4 55.1 53.4
Industrial Production 5.00
percent
5.5 4 3.1 3.6 3
Industrial Production Mom -1.50
percent
0.14 0.23 0.24 0.24 0.24
Manufacturing Production 4.80
percent
5.55 5.52 5.49 5.48 5.47
Capacity Utilization 88.70
percent
88.2 87.47 86.69 85.97 85.33
New Orders 128.50
Index Points
124 124 123 123 123
Car Registrations 43731.00
33174 33401 38438 36712 36265
Internet Speed 14100.00
KBps
14361 14591 14438 14426 14654
IP Addresses 2593521.00
IP
2711288 2717211 2712659 2719430 2722684
Steel Production 353.52
Thousand Tonnes
460 534 560 571 579
Mining Production -6.20
percent
-1.09 0.05 0.2 0.2 0.2
Changes In Inventories 1083.50
EUR Million
680 535 514 507 469
Competitiveness Index 5.25
Points
5.22 5.22 5.24 5.24 5.24
Competitiveness Rank 18.00
19 19 18 18 18
Business Confidence 8.40
Index Points
8.2 6.5 2.1 1.5 1
Ease of Doing Business 22.00
28 30 29 29 22
Electricity Production 5053.00
Gigawatt-hour
5771 5692 5694 5677 5673
Corruption Index 75.00
Points
75 75 75 75 76
Corruption Rank 16.00
16 16 16 16 16
CONSUMER Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Consumer Confidence 8.10
Index Points
7 5 3 2 -2
Retail Sales MoM -0.60
percent
1.7 -0.3 1.2 -1.5 0.1
Retail Sales YoY -1.00
percent
1.5 0.3 1.1 0.7 0.5
Consumer Spending 40819.20
EUR Million
40814 41395 41272 41676 42940
Personal Savings 7.53
percent
7.87 13.87 14.05 13.14 13.75
Consumer Credit 162891.00
EUR Million
163436 164247 165007 165737 171703
Bank Lending Rate 1.71
percent
1.71 1.71 1.71 1.71 2.46
Households Debt To Gdp 49.10
percent
48.66 48.51 48.45 48.39 48.18
Households Debt To Income 84.28
percent
83.78 83.64 83.57 83.5 83.71
Gasoline Prices 1.53
USD/Liter
1.56 1.47 1.39 1.31 1.04
HOUSING Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Construction Output 7.70
percent
6.88 6.78 6.77 6.78 6.78
Housing Index 117.50
Index Points
119 119 119 120 120
Home Ownership Rate 55.00
percent
56.75 56.92 56.97 57.02 55.47
Building Permits 16204.00
20566 18966 17599 19375 20904
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 25.00
percent
25 25 25 25 25
Personal Income Tax Rate 55.00
percent
55 55 55 55 55
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 39.60
percent
39.6 39.6 40 40 40
Social Security Rate For Companies 21.48
percent
21.51 21.51 21.49 21.48 21.53
Social Security Rate For Employees 18.12
percent
18.13 18.13 18.12 18.11 18.1
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 18.83
mm
126 86.48 68.2 97.53 100
Temperature 1.39
celsius
14.55 1.68 -1.83 10.76 6.38