Austria GDP 2023 Live

The live counter shows estimated figures for Austria GDP during the current year (from January 1, 2023 up to April 12, 2024based on the latest IMF.

The statistic shows Austria gross domestic product (GDP) from 1960 to 2023, with projections up until 2027. GDP in Austria is expected to reach 472 USD Billion by the end of 2023, according to IMF expectations. In the long-term, the Austria GDP is projected to trend around 516 USD Billion in 2024 and 516 USD Billion in 2025, according to our econometric models.

GDP Growth Rate in Austria is expected to reach 1.0% by the end of 2023, according to IMF expectations. In the long-term, the Austria GDP Growth is projected to trend around 1.9% in 2024 and 1.8% in 2025, according to our econometric models.

GDP Per Capita in Austria is expected to reach 52,408 USD by the end of 2023, according to IMF expectations. In the long-term, the Austria GDP Per Capita is projected to trend around 54,408 USD in 2024 and 56,624 USD in 2025, according to our econometric models.

Austria GDP Rank 33rd (Nominal) and 43rd (PPP) in 2023.

Austria GDP 2023

Austria is a country located in the heart of Europe and is known for its picturesque landscapes, rich cultural heritage, and stable economy. The Austrian economy has been showing signs of steady growth in recent years, with positive developments expected to continue into 2023. 

The country’s gross domestic product (GDP) has been on an upward trend, with analysts predicting continued growth in the coming years. Austria’s GDP in 2023 is expected to reach $472 billion, and the country’s GDP growth rate is projected to rise to 1.0% in 2023.

Austria

This increase is primarily attributed to the rebound in the tourism industry following the pandemic, and to the continuing strength of Austria’s manufacturing and service sectors. One of the key drivers of Austria’s economic growth is its strong exports sector. Austria is known for its high-quality goods, including machinery, vehicles, and processed foods. These products are in demand around the world, and this has helped to boost Austria’s trade balance.

In 2023, exports are expected to continue to be a major contributor to Austria’s economic growth. Another factor that is expected to support Austria’s economy in 2023 is the country’s strong domestic demand. Austria has a highly skilled workforce and a well-educated population, and this has helped to create a strong consumer base. Additionally, the government has implemented policies to support businesses and promote innovation, which is expected to lead to increased investment and job creation in the coming years.

In conclusion, Austria’s GDP is expected to grow by 1.0% in 2023, driven by strong exports and domestic demand. However, there are also potential risks, including ongoing uncertainty surrounding the pandemic and high debt levels. Nonetheless, Austria’s economy has proven to be resilient in the face of challenges in the past, and the country’s strong fundamentals suggest that it is well-positioned for continued growth in the coming years.

Austria GDP Growth 1960 - 2027

Austria GDP 1960-2027 - Historical Data

Year       GDP (billion US$)GDP Per CapitaGrowth
2027$564.32B$61,2241.7%
2026$540.29B$58,9091.7%
2025$516.74B$56,6241.8%
2024$494.05B$54,4081.9%
2023$472.69B$52,3161.0%
2022$468.05B$52,0614.7%
2021$477.08B$53,3324.6%
2020$432.91B$48,636-6.74%
2019$444.62B$50,0701.52%
2018$454.99B$51,4672.43%
2017$417.26B$47,4292.26%
2016$395.84B$45,3081.99%
2015$381.97B$44,1961.01%
2014$442.58B$51,7860.66%
2013$430.19B$50,7310.03%
2012$409.40B$48,5650.68%
2011$431.69B$51,4422.92%
2010$392.28B$46,9041.84%
2009$401.76B$48,153-3.76%
2008$432.05B$51,9201.46%
2007$389.19B$46,9153.73%
2006$336.28B$40,6693.45%
2005$316.09B$38,4172.24%
2004$301.46B$36,8892.74%
2003$262.27B$32,2940.94%
2002$214.39B$26,5281.65%
2001$197.51B$24,5591.27%
2000$197.29B$24,6263.38%
1999$217.26B$27,1833.56%
1998$218.26B$27,3623.58%
1997$212.79B$26,7052.09%
1996$237.25B$29,8092.35%
1995$241.04B$30,3262.67%
1994$203.54B$25,6472.40%
1993$190.38B$24,0820.53%
1992$195.08B$24,8802.09%
1991$173.79B$22,4113.44%
1990$166.46B$21,6814.35%
1989$133.11B$17,4693.89%
1988$133.34B$17,5793.30%
1987$124.17B$16,3931.36%
1986$99.04B$13,0832.30%
1985$69.39B$9,1722.50%
1984$67.99B$8,9910.05%
1983$72.12B$9,5372.97%
1982$71.28B$9,4102.01%
1981$71.03B$9,385-0.14%
1980$82.06B$10,8701.73%
1979$73.94B$9,7945.36%
1978$62.05B$8,205-0.21%
1977$51.55B$6,8115.08%
1976$42.96B$5,6784.58%
1975$40.06B$5,286-0.36%
1974$35.19B$4,6313.94%
1973$29.52B$3,8914.89%
1972$22.06B$2,9246.21%
1971$17.86B$2,3815.12%
1970$15.37B$2,0596.32%
1969$13.58B$1,8256.28%
1968$12.44B$1,6784.47%
1967$11.58B$1,5703.01%
1966$10.89B$1,4875.64%
1965$9.99B$1,3753.48%
1964$9.17B$1,2696.12%
1963$8.37B$1,1674.14%
1962$7.76B$1,0882.65%
1961$7.31B$1,0325.54%
1960$6.59B$935%