Austria GDP Growth Rate

Last Release

Mar 31, 2025

Actual

0.2

Units In

-0.4

Frequency

Quarterly

Next Release

Aug 29, 2025

Time to Release

2 Months 21 Days 0 Hours

Highest	Lowest	Average	Date Range	Source
10.9 Sep 2020	-11.4 Jun 2020	0.41 %	1995-2025	Oesterreichische Nationalbank

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. .

Latest Updates

The Austrian economy increased by just 0.1% quarter-on-quarter in the three months ending March 2025, slightly below the initial estimate of 0.2%. This marked the first expansion since the first quarter of 2024, signaling a modest recovery following a revised flat reading in the previous period. Net trade contributed positively to the GDP, as exports stalled (vs -0.4% in Q1 2024), while imports dropped by 1.1 (vs 0.3%). Meanwhile, fixed investments decreased (-1.3% vs 0.4%), dragged down by a decline in residential and other buildings & structures. Additionally, household consumption slowed sharply (0.1% vs 0.8%). On the production side, improvement was primarily driven by the industry and services sector. On a yearly basis, GDP shrank by 0.5%, slowing from a downwardly revised 0.1% fall in the preceding quarter. Thus extending the period of contraction to eight consecutive quarters.