GDP reading: GDP contracted by 0.1% month-on-month in April 2026, in line with expectations, following a 0.3% expansion in March....
Economic Growth in Austria
Austria's economy recorded an average growth rate of 1.2% in the decade to 2024, compared to the 0.8% average for Euro Area. In 2024, real GDP growth was -1.1%. For more GDP information, visit our dedicated page.
Austria GDP Chart
Note: This chart displays Economic Growth (GDP, annual variation in %) for Austria from 2014 to 2025.
Source: Macrobond.
Austria GDP Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Economic Growth (GDP, ann. var. %) | 5.0 | 5.4 | -0.7 | -0.8 | 1.0 |
| GDP (EUR bn) | 406 | 449 | 478 | 494 | 514 |
| Economic Growth (Nominal GDP, ann. var. %) | 6.8 | 10.6 | 6.3 | 3.4 | 4.1 |
Economy recovers in Q1 2026
GDP reading: Austria's GDP increased 0.2% in seasonally adjusted quarter-on-quarter terms in Q1, following a flat reading in the prior quarter. In annual terms, GDP expanded 0.6% in Q1, following 0.7% growth in the previous quarter.
Drivers: Compared with the previous quarter's data, readings in Q1 improved for private consumption (+0.8% in seasonally adjusted quarter-on-quarter terms vs +0.2% in Q4), government consumption (+0.4% vs -0.4% in Q4), fixed investment (+1.0% vs -2.1% in Q4), exports of goods and services (+0.1% vs -0.1% in Q4) and imports of goods and services (+0.9% vs -0.7% in Q4).
Panelist insight: On the 2026 outlook, EIU analysts said: “We forecast that real GDP growth will accelerate only modestly, from 0.6% in 2025 to 0.8% in 2026, as the unfolding conflict in the Middle East pushes up inflation and weighs on consumer demand (which we had previously been expecting to drive stronger growth this year). Risks to the outlook remain to the downside.”
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian GDP projections for the next ten years from a panel of 23 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Austrian GDP.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian GDP projections.
Want to get access to the full dataset of Austrian GDP forecasts? Send an email to info@focus-economics.com.
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