Key data points
Last release
—
Observation period
Q3 2024
Next release
—
Forecast
—
Highest
11.30 % on Sep 30, 2020
Lowest
−11.20 % on Jun 30, 2020
About 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.