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 Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.50 0.5 0.7 0.6 0.6 0.3 percent
Unemployment Rate 7.30 7.4 7 7.3 7.5 7.7 percent
Inflation Rate 2.00 2.3 2.4 2.3 2.2 2 percent
Interest Rate 0.00 0 0 0 0.25 0.75 percent
Balance of Trade -587.00 -696 -535 -820 -404 -736 EUR Million
Government Debt to GDP 78.40 75.1 72.3 72.3 72.3 70.2 percent
MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 1.12
1.15 1.14 1.13 1.13 1.1
Stock Market 3161.52
points
3326 3287 3249 3212 3065
Government Bond 10Y 0.60
percent
0.73 0.77 0.82 0.88 1.12
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Growth Rate 0.50
percent
0.5 0.7 0.6 0.6 0.3
GDP Annual Growth Rate 2.40
percent
2.1 1.9 2.2 2.3 1.4
GDP 416.60
USD Billion
424 448 448 448 464
GDP Constant Prices 82726.65
EUR Million
86966 83685 84547 84629 89770
Gross National Product 369.22
EUR Million
377 376 377 378 389
Gross Fixed Capital Formation 19907.63
EUR Million
21959 17454 20346 20366 22667
GDP per capita 49129.23
USD
49800 50600 50600 50600 51500
GDP per capita PPP 45436.69
USD
46058 43949 43949 46110 46773
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 7.30
percent
7.4 7 7.3 7.5 7.7
Employed Persons 3785.60
Thousand
3689 3690 3747 3747 3725
Unemployed Persons 296236.00
327456 332960 306177 306826 316614
Long Term Unemployment Rate 1.70
percent
1.67 1.7 1.68 1.7 1.69
Youth Unemployment Rate 9.10
percent
9.44 9.23 9.33 9.3 9.3
Labour Costs 118.70
Index Points
115 115 120 116 118
Job Vacancies 73725.00
68131 67618 73029 73570 71397
Wages 2646.00
EUR/Month
2750 2800 2709 2719 2850
Wages in Manufacturing 135.80
Index Points
140 142 136 136 150
Population 8.82
Million
8.82 8.85 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 1660.00
EUR/Month
1759 1759 1762 1767 1784
Wages High Skilled 3590.00
EUR/Month
3737 3737 3987 4072 3767
Productivity 105.80
Index Points
111 105 107 108 111
Labor Force Participation Rate 61.20
percent
61.4 60.9 61.23 61.68 61.35
Living Wage Family 1560.00
EUR/Month
1750 1800 1574 1573 1800
Living Wage Individual 1010.00
EUR/Month
1021 1017 1015 1013 1013
Part Time Employment 1157.90
Thousand
1163 1164 1152 1150 1148
Full Time Employment 3082.10
Thousand
3061 3024 3083 3108 3064
Employment Change 0.50
percent
0.33 0.29 0.26 0.25 0.24
Employment Rate 73.00
percent
73.09 72.51 73.22 73.7 73.25
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 2.00
percent
2.3 2.4 2.3 2.2 2
Inflation Rate Mom 0.80
percent
0.7 -0.1 0.1 0.2 0.3
Harmonised Consumer Prices 106.10
Index Points
107 108 108 108 112
Consumer Price Index CPI 105.70
Index Points
107 107 108 108 111
GDP Deflator 114.97
Index Points
115 115 115 116 116
Producer Prices 103.40
Index Points
104 104 105 106 107
Producer Prices Change 3.30
percent
3.4 3.1 2.8 2.5 0.9
Food Inflation 1.30
percent
2.3 1.8 1.9 1.9 1.9
Cpi Housing Utilities 105.20
Index Points
106 106 106 106 107
CPI Transportation 105.20
Index Points
104 104 107 108 109
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 0.00
percent
0 0 0 0.25 0.75
Interbank Rate -0.32
percent
-0.32 -0.32 -0.32 -0.07 0.43
Money Supply M1 243841.00
EUR Million
245814 244783 246290 245050 246420
Money Supply M2 336819.00
EUR Million
339010 338235 339765 338662 340034
Money Supply M3 339594.00
EUR Million
341453 340591 341890 340802 341947
Foreign Exchange Reserves 20241.00
EUR Million
20342 20462 20486 20490 20491
Banks Balance Sheet 824655.86
EUR Million
787539 783927 780315 776703 727538
Loans to Private Sector 759533.00
EUR Million
761455 762123 762525 762607 762735
Private Debt to GDP 163.00
percent
160 160 159 159 158
Central Bank Balance Sheet 148314.00
EUR Million
148442 148452 148454 148455 148454
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -587.00
EUR Million
-696 -535 -820 -404 -736
Exports 11315.00
EUR Million
11189 13674 11918 12343 11689
Imports 11902.00
EUR Million
11885 14209 12738 12747 12425
Current Account 992.00
EUR Million
1220 4150 1318 828 1220
Current Account to GDP 1.90
percent
2.5 2 2 2 1.9
External Debt 583571.00
EUR Million
567461 568838 575452 574703 572361
Capital Flows -2364.00
EUR Million
1726 4040 -53.15 2708 1571
Remittances 76.00
EUR Million
75.99 56.95 75.98 56.96 75.93
Tourist Arrivals 3860.05
Thousand
4100 4300 3800 4100 3900
Gold Reserves 280.00
Tonnes
280 280 280 280 280
Terrorism Index 1.52
1.52 1.52 1.52 1.52 1.52
Weapons Sales 22.00
USD Million
22.29 21.43 20.58 19.73 19.21
Foreign Direct Investment 577.00
EUR Million
417 189 287 290 282
Crude Oil Production 13.00
BBL/D/1K
13 13 13 13 13
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 78.40
percent
75.1 72.3 72.3 72.3 70.2
Government Budget -0.70
percent of GDP
-0.4 0.2 0.2 0.2 0.5
Government Budget Value 332.00
EUR Million
961 1299 1291 1137 908
Government Spending 16008.27
EUR Million
17205 15840 16360 16376 17760
Government Spending to GDP 49.10
percent
49.1 49.1 49.1 49.1 49.1
Government Revenues 6145.00
EUR Million
8959 10676 11256 11336 11252
Fiscal Expenditure 5813.00
EUR Million
8045 9377 9964 10199 10345
Military Expenditure 2881.09
USD Million
2823 2820 2817 2814 2848
Government Debt 290331.00
EUR Million
291852 293680 295508 297337 306966
Asylum Applications 985.00
persons
1083 1087 1085 1086 1086
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Manufacturing PMI 53.80
56 55.4 55.1 54.8 53.4
Industrial Production 2.80
percent
4 3.1 3.6 3.2 3
Industrial Production Mom -0.10
percent
0.23 0.24 0.24 0.24 0.24
Manufacturing Production 2.40
percent
1.99 1.72 1.61 1.56 1.53
Capacity Utilization 88.50
percent
88.07 87.82 87.07 86.34 85.2
New Orders 108.60
Index Points
118 120 116 119 116
Car Registrations 24633.00
29181 40412 37267 34030 36116
Internet Speed 14100.00
KBps
14591 14438 14426 14585 14654
IP Addresses 2593521.00
IP
2717211 2712659 2719430 2719551 2722684
Steel Production 347.64
Thousand Tonnes
462 509 530 539 545
Mining Production 7.70
percent
1.8 0.91 0.93 0.98 0.99
Changes In Inventories 1083.50
EUR Million
535 514 507 468 469
Competitiveness Index 76.34
Points
76.84 76.84 76.84 76.84 79.34
Competitiveness Rank 22.00
22 22 22 22 22
Business Confidence 5.60
Index Points
6.5 2.1 1.5 1.2 1
Ease of Doing Business 26.00
27 27 27 27 24
Electricity Production 4731.00
Gigawatt-hour
5079 5069 4996 5059 5035
Corruption Index 75.00
Points
75 75 75 75 75
Corruption Rank 16.00
16 16 16 16 16
CONSUMER Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Consumer Confidence 9.30
Index Points
5 3 2 9.66 -2
Retail Sales MoM -1.00
percent
-0.3 1.2 -1.5 0.04 0.1
Retail Sales YoY -1.50
percent
0.3 1.1 0.7 -0.31 0.5
Consumer Spending 40819.20
EUR Million
41193 41313 41717 41758 42522
Personal Savings 14.07
percent
13.67 13.76 13.78 8.23 13.54
Consumer Credit 164523.00
EUR Million
165440 166323 167176 167998 174192
Bank Lending Rate 1.75
percent
1.69 1.69 1.69 1.94 2.44
Households Debt To GDP 48.50
percent
48.01 47.81 47.75 47.68 47.38
Households Debt To Income 84.91
percent
83.68 83.86 83.86 83.86 85.34
Gasoline Prices 1.53
USD/Liter
1.43 1.35 1.28 1.19 1.01
HOUSING Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Construction Output 10.10
percent
7.9 7.88 7.88 7.88 7.88
Housing Index 118.51
Index Points
119 120 120 120 121
Home Ownership Rate 55.00
percent
56.92 56.97 57.02 57.07 55.47
Building Permits 16204.00
18966 17599 19375 20542 20904
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 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 39.6 39.6 39.6
Social Security Rate For Companies 21.48
percent
21.48 21.48 21.48 21.48 21.48
Social Security Rate For Employees 18.12
percent
18.12 18.12 18.12 18.12 18.12
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 18.83
mm
86.48 68.2 97.53 97.53 100
Temperature 1.39
celsius
1.68 -1.83 10.76 8.67 6.38



Austria - Economic Forecasts - 2018-2020 Outlook