Austria's economy shrank 4% year-on-year in the third quarter of 2020, compared to a preliminary estimate of a 5.3% decline and following a downwardly revised 14.1% contraction in the previous three-month period. source: Oesterreichische Nationalbank
GDP Annual Growth Rate in Austria averaged 1.54 percent from 1997 until 2020, reaching an all time high of 5.60 percent in the first quarter of 2011 and a record low of -14.10 percent in the second quarter of 2020. This page provides - Austria GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2020.
GDP Annual Growth Rate in Austria is expected to be -5.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Austria to stand at 3.50 in 12 months time. In the long-term, the Austria GDP Annual Growth Rate is projected to trend around 3.20 percent in 2021 and 1.40 percent in 2022, according to our econometric models.