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GDP Growth in Austria

Source: World Bank, National Statistical Office, IMF estimates (Oct 2020)
Last Updated: Feb 8, 2021

Austria's GDP growth amounted to 1.60 % in 2019 according to the the National Statistical Office. This is 0.8199999999999998 % less than in the previous year (2.42 %).

Historically, GDP growth in Austria reached an all time high of 9.35 % in 1970 and an all time low of -3.77 % in 2009. When compared to Austria's main peers, GDP growth in Germany amounted to 0.555 %, 4.93 % in Hungary, 0.301 % in Italy and 1.25 % in Switzerland in 2019.

Austria has been ranked 122nd within the group of 174 countries we follow in terms of GDP growth, 15 places above the position seen 10 years ago.

Annual percentage growth rate of the whole economy at market prices based on a constant local currency.

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