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Austria Debt to GDP Ratio

Austria's government debt-to-GDP ratio rose to 81.8% in 2024, up from 77.8% in 2023. This increase resulted from an 8.8% rise in government expenditure, driven by public sector salaries, pension adjustments and social benefits. Government revenue growth did not match expenditure increases, widening the deficit to 4.7% of GDP from 2.6% in 2023. A projected economic slowdown with minimal GDP growth expected in 2024, also contributed to the higher ratio. Austria's record low government debt to gdp was 71% in 2019 and record high was 85.6% in 2015.

Yearly Historical Data (2015-2024)

(in %)
Year Debt to GDP Ratio
2024 81.8%
2023 77.8%
2022 78.4%
2021 82.4%
2020 83.2%
2019 71%
2018 74.6%
2017 79.1%
2016 83.4%
2015 85.6%
Austria Debt to GDP Ratio : Definition
Austria's government debt to GDP ratio measures total public debt relative to the nation's annual economic output. It is calculated by dividing the sum of all government liabilities by Austria's nominal Gross Domestic Product, expressed as a percentage.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 1.5% 1.6% Dec'24
Private Credit (% GDP) 83.83% 84.92% 2024