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Austria GDP Annual Growth Rate

Austria's GDP annual growth rate fell to -1.17% in 2024, down from -0.95% in 2023, according to World Bank. This represents a decrease of 0.22% from the previous year. Austria has the 14th lowest GDP annual growth rate. Within Europe, it ranks 46th out of 47 countries.

Austria's real GDP fell to $418.19 billion in 2024, down from $423.16 billion in 2023.

Yearly Historical Data (1961-2024)

(in %)
Year GDP Annual Growth Rate (%)
2024 -1.17%
2023 -0.95%
2022 5.28%
2021 4.8%
2020 -6.32%
2019 1.75%
2018 2.48%
2017 2.27%
2016 2.12%
2015 1.3%
2014 0.76%
2013 -0.25%
2012 0.63%
2011 2.93%
2010 1.81%
2009 -3.59%
2008 1.45%
2007 3.78%
2006 3.27%
2005 2.32%
2004 2.57%
2003 1.14%
2002 1.48%
2001 1.32%
2000 3.19%
1999 3.76%
1998 3.49%
1997 2.15%
1996 2.22%
1995 2.67%
1994 2.4%
1993 0.53%
1992 2.09%
1991 3.44%
1990 4.35%
1989 3.89%
1988 3.3%
1987 1.36%
1986 2.3%
1985 2.5%
1984 0.05%
1983 2.97%
1982 2.01%
1981 -0.14%
1980 1.73%
1979 5.36%
1978 -0.21%
1977 5.08%
1976 4.58%
1975 -0.36%
1974 3.94%
1973 4.89%
1972 6.21%
1971 5.11%
1970 7.12%
1969 6.28%
1968 4.47%
1967 3.01%
1966 5.64%
1965 3.48%
1964 6.12%
1963 4.14%
1962 2.65%
1961 5.54%
Austria GDP Annual Growth Rate : Definition
GDP Annual Growth Rate measures the yearly percentage change in Austria's total economic output.
Indicator Last Value Prior Value Period
GDP $521.64B $511.69B 2024
GDP Growth Rate (QoQ) 0.3% 0.1% Jun'25
GDP Growth Rate (YoY) -0.1% -0.4% Jun'25
GDP per Capita $45,562.04 $46,338.96 2024
GDP per Capita PPP $63,314.46 $64,394.09 2024
R&D Expenditure (% GDP) 3.2% 3.26% 2022
Real GDP $418.19B $423.16B 2024