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Austria GDP

Austria's GDP rose to $521.64 billion in 2024, up from $511.69 billion in 2023, according to World Bank. This represents an increase of 1.9% ($9.96 billion) from the previous year and accounts for 0.47% of the world's total GDP. Austria has GDP higher than the global median ($521.64 billion vs median $35.85 billion). Compared with the median in Europe, Austria is higher ($521.64 billion vs regional median $126.99 billion) and ranks 14th out of 48 countries in Europe.

Austria's GDP per capita fell to $45,562.04 in 2024, down from $46,338.96 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 521.64
2023 511.69
2022 471.77
2021 480.47
2020 434.4
2019 442.98
2018 452.58
2017 414.93
2016 393.69
2015 379.55
2014 438.56
2013 426.58
2012 406.75
2011 428.95
2010 389.83
2009 399.29
2008 429.23
2007 386.76
2006 333.91
2005 313.95
2004 299.21
2003 260.78
2002 212.84
2001 196.48
2000 196.18
1999 216.42
1998 217.07
1997 211.72
1996 235.95
1995 240.09
1994 202.74
1993 189.63
1992 194.31
1991 173.11
1990 165.81
1989 132.58
1988 132.82
1987 123.68
1986 98.65
1985 69.11
1984 67.72
1983 71.84
1982 71
1981 70.76
1980 81.74
1979 73.65
1978 61.81
1977 51.34
1976 42.79
1975 39.9
1974 35.05
1973 29.4
1972 21.97
1971 17.79
1970 15.31
1969 13.65
1968 12.5
1967 11.63
1966 10.94
1965 10.04
1964 9.21
1963 8.41
1962 7.79
1961 7.35
1960 6.62
Austria GDP : Definition
GDP measures the total value of all goods and services produced in Austria, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate -1.17% -0.95% 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