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Austria

Headline economic indicators for Austria, with the most recent official readings.

Prices

Prices — Austria
Indicator Value Change
Inflation rate · 3.5% +0.59 (+20.1%)
Consumer price index · 153.4 +5.23 (+3.5%)
Inflation rate (monthly) · 3.6% +0.70 (+24.1%)
Harmonised consumer price index · 144.4 +0.95 (+0.7%)
House price index (quarterly) · 215.3 +1.41 (+0.7%)
House price inflation, year on year (quarterly) · 3.6% +1.18 (+49.2%)
Real house price index (quarterly) · 136.1 -1.15 (-0.8%)
Real house price growth, year on year (quarterly) · 0.1% +0.22 (+275.9%)
Producer prices, year on year (monthly) · 6.0% +1.30 (+27.7%)
GDP deflator inflation · 3.2% -0.93 (-22.8%)

GDP

GDP — Austria
Indicator Value Change
GDP growth rate · 0.6% +1.27 (+193.4%)
GDP per capita · 62,930.04 +4,661 (+8.0%)
GDP growth, quarter on quarter · 0.2% +0.30 (+300.0%)
GDP growth, year on year (quarterly) · 0.6% -0.20 (-25.0%)
Industrial production, year on year (monthly) · -0.7% +1.40 (+66.7%)
Retail sales volume, year on year (monthly) · 0.6% -0.70 (-53.8%)
Economic sentiment indicator (monthly) · 94.6 +4.20 (+4.6%)
Consumer confidence (monthly) · -20.8 -1.70 (-8.9%)
GDP per capita, long-run history · 43,793 +1,608 (+3.8%)
GDP · 579,470,021,095.42 +44,679,300,629 (+8.4%)
GDP, PPP · 706,980,122,891 +11,523,918,311 (+1.7%)
GDP per capita, PPP · 76,778 +1,003 (+1.3%)
GDP per capita growth · 0.3% +1.45 (+124.7%)
GNI per capita · 60,360 +5,600 (+10.2%)
Agriculture to GDP · 1.3% +0.04 (+3.3%)
Industry to GDP · 24.0% -0.60 (-2.4%)
Manufacturing to GDP · 15.2% +0.09 (+0.6%)
Services to GDP · 64.1% +0.08 (+0.1%)
Household consumption to GDP · 51.8% -0.29 (-0.6%)
Gross capital formation to GDP · 23.7% +0.08 (+0.3%)
Gross savings to GDP · 25.8% +0.37 (+1.5%)

Labour

Labour — Austria
Indicator Value Change
Unemployment rate · 5.6% +0.38 (+7.3%)
Unemployment rate (monthly) · 6.3% -0.40 (-6.0%)
Labour force participation rate · 60.1% -0.38 (-0.6%)
Female labour force participation rate · 55.1% -0.35 (-0.6%)
Youth unemployment rate · 11.0% +0.57 (+5.5%)
Employment to population ratio · 56.8% -0.59 (-1.0%)
Employment in agriculture · 2.8% -0.06 (-2.1%)
Employment in industry · 24.6% -0.18 (-0.7%)
Employment in services · 72.6% +0.24 (+0.3%)

Money

Money — Austria
Indicator Value Change
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 104.9 -0.31 (-0.3%)
Nominal effective exchange rate (monthly) · 102.1 -0.06 (-0.1%)
Private sector credit to GDP (quarterly) · 126.5% +1.37 (+1.1%)
Credit-to-GDP gap (quarterly) · -14.71 pp +2.33 (+13.7%)
Cost of borrowing for house purchase (monthly) · 3.6% +0.07 (+2.0%)
Cost of borrowing for corporations (monthly) · 3.7% +0.06 (+1.6%)
10-year government bond yield (monthly) · 3.7% +0.27 (+8.0%)
Private sector credit to GDP · 81.8% -2.34 (-2.8%)
Stock market capitalization to GDP · 36.4% +13.85 (+61.3%)
Bank nonperforming loans · 2.9% +0.41 (+16.1%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Austria
Indicator Value Change
Current account to GDP · 1.8% +0.26 (+17.2%)
Exports to GDP · 54.7% -0.98 (-1.8%)
Imports to GDP · 52.3% -0.83 (-1.6%)
Trade to GDP · 107.0% -1.81 (-1.7%)
Exports of goods and services · 316,981,385,994.89 +19,219,084,044 (+6.5%)
Imports of goods and services · 303,166,499,174.52 +18,938,639,791 (+6.7%)
Trade balance, goods and services (annual) · 12,932,295,848.19 +326,871,606 (+2.6%)
Current account balance (annual) · 10,400,697,638.46 +2,213,664,037 (+27.0%)
Foreign direct investment to GDP · -2.0% -4.57 (-178.9%)
Remittances received to GDP · 0.7% +0.01 (+1.5%)
Total reserves, including gold · 53,437,030,354.01 +18,031,507,292 (+50.9%)
Reserves in months of imports · 1.8 +0.54 (+43.4%)

Government

Government — Austria
Indicator Value Change
Government debt to GDP (quarterly) · 83.6% +0.90 (+1.1%)
Government revenue to GDP · 45.1% +0.88 (+2.0%)
Government expense to GDP · 46.0% -1.33 (-2.8%)
Tax revenue to GDP · 25.8% +0.13 (+0.5%)
Government budget balance to GDP · -3.6% -1.58 (-79.1%)
Government consumption to GDP · 21.9% +0.31 (+1.4%)
Education spending to GDP · 5.3% -0.20 (-3.7%)
Health spending to GDP · 11.8% +0.68 (+6.1%)

Demography

Demography — Austria
Indicator Value Change
Population · 9,208,163 +30,181 (+0.3%)
Population, long-run history · 9,107 +102.76 (+1.1%)
Population growth · 0.3% -0.18 (-35.0%)
Life expectancy · 82.0 +0.20 (+0.2%)
Fertility rate · 1.31 -0.01 (-0.8%)
Birth rate · 8.4 -0.10 (-1.2%)
Death rate · 9.6 -0.20 (-2.0%)
Urban population share · 69.7% +0.25 (+0.4%)
Population aged 65 and over · 21.1% +0.49 (+2.4%)
Under-five mortality rate · 3.3 +0.00 (+0.0%)
Population density · 111.2 +0.56 (+0.5%)
Net migration · 11,254 +2,441 (+27.7%)
Gini index · 31.2 +0.30 (+1.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Austria

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