Austria's economy grew by 0.4 percent on quarter in the three months to September 2018, below a preliminary estimate of 0.5 percent and following a 0.6 percent expansion in the previous period. This was the weakest growth rate since the second quarter of 2015 as private consumption increased at a softer pace (0.3 percent vs 0.4 percent in Q2), alongside fixed investment (0.7 percent vs 1.1 percent) and government spending (0.4 percent vs 0.5 percent). Meanwhile, net trade contributed positively to GDP growth as exports (0.7 percent, the same as in Q2) rose faster than imports (0.4 percent vs 0.6 percent). Year-on-year, the economy grew by 2.2 percent, below a preliminary 2.4 percent and the previous quarter's 2.7 percent. GDP Growth Rate in Austria averaged 0.47 percent from 1996 until 2018, reaching an all time high of 1.10 percent in the fourth quarter of 1997 and a record low of -1.40 percent in the fourth quarter of 2008.

GDP Growth Rate in Austria is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Austria to stand at 0.50 in 12 months time. In the long-term, the Austria GDP Growth Rate is projected to trend around 0.30 percent in 2020, according to our econometric models.

Austria GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2018-07-31 07:00 AM GDP Growth Rate QoQ Flash 0.7% 0.8% 0.7% 0.6%
2018-09-25 07:30 AM GDP Growth Rate QoQ Final 0.6% 0.8% 0.7% 0.7%
2018-10-31 08:00 AM GDP Growth Rate QoQ Flash 0.5% 0.6% 0.5% 0.5%
2018-11-30 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.6% 0.5% 0.5%
2019-01-30 08:00 AM GDP Growth Rate QoQ Flash 0.4% 0.5%
2019-03-01 08:00 AM GDP Growth Rate QoQ Final 0.4% 0.5%
2019-04-30 07:00 AM GDP Growth Rate QoQ Flash 0.7%


Austria GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 0.60 1.10 -1.40 percent [+]
GDP Annual Growth Rate 2.20 2.70 5.60 -6.00 percent [+]
GDP 416.60 390.80 441.89 6.59 USD Billion [+]
GDP Constant Prices 83627.52 82726.65 85176.95 36766.30 EUR Million [+]
Gross National Product 369.22 353.30 167219.00 176.18 EUR Million [+]
Gross Fixed Capital Formation 20594.95 19907.63 21507.05 8070.00 EUR Million [+]
GDP per capita 49129.23 48077.88 49129.23 13031.03 USD [+]
GDP per capita PPP 45436.69 44464.35 45436.69 31341.90 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 January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 0.60 1.10 -1.40 1996 - 2018 percent Quarterly
SA




Country Last Previous
United States 3.40 Sep/18
Indonesia 3.09 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
Singapore 1.60 Dec/18
China 1.50 Dec/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
Australia 0.30 Sep/18
France 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Argentina -0.70 Sep/18
Turkey -1.10 Sep/18


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