GDP reading: New Zealand’s GDP increased 0.8% on a seasonally adjusted quarter-on-quarter basis in Q1, following 0.5% growth in the...
Economic Growth in Austria
Austria's economy recorded an average growth rate of 1.2% in the decade to 2024, compared to the 0.8% average for Euro Area. In 2024, real GDP growth was -1.1%. For more GDP information, visit our dedicated page.
Austria GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Austria from 2014 to 2025.
Source: Macrobond.
Austria GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 5.0 | 5.4 | -0.7 | -0.8 | 1.0 |
| GDP (EUR bn) | 406 | 449 | 478 | 494 | 514 |
| Economic Growth (Nominal GDP, ann. var. %) | 6.8 | 10.6 | 6.3 | 3.4 | 4.1 |
Economic growth is stable in Q1 2026
GDP growth remains at its joint-weakest rate since Q3 2024: Austria's GDP increased 0.2% in seasonally adjusted quarter-on-quarter terms in Q1, unchanged from the prior quarter's reading. Q4's reading was the joint-weakest since Q3 2024. On a year-on-year basis, economic output expanded 0.9% in Q1, following a 1.1% expansion in the previous quarter.
Readings for public spending and fixed investment improve: Compared with the prior period's data, figures in Q1 improved for government consumption (+1.6% on a seasonally adjusted quarter-on-quarter basis vs -0.3% in Q4) and fixed investment (0.0% vs -0.9% in Q4). In contrast, readings softened for private consumption (+0.2% vs +0.4% in Q4), exports of goods and services (-0.7% vs +0.9% in Q4) and imports of goods and services (-0.5% vs +0.9% in Q4).
Panelist insight: On the GDP growth outlook, Walter Pudschedl, senior economist at Bank Austria, commented: “We expect stagnation in the second quarter, weighed down by the impact of geopolitical uncertainties on consumption and investment. However, the tentative recovery of the domestic economy should continue as the Middle East conflict calms down. We continue to expect GDP growth of 0.8 percent in 2026 and a slight improvement to 1.2 percent in 2027.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian GDP projections for the next ten years from a panel of 25 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Austrian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian GDP projections.
Want to get access to the full dataset of Austrian GDP forecasts? Send an email to info@focus-economics.com.
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