Annual GDP growth in Austria
Austria: Annual GDP growth was -0.7% in 2024. ◆ Volatile
Latest (2024)
-0.7%
Change on year
up 16.2%
World rank
210th
of 230 countries
All-time high
5.3%
in 2022
All-time low
-6.3%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Austria, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for annual gdp growth in Austria is -0.7%, measured in 2024.
The figure is up 16.2% on the previous year and down 187.2% over ten years.
Over the whole period, annual gdp growth in Austria peaked at 5.3% in 2022 and was at its lowest, -6.3%, in 2020.
That places Austria 210th out of 230 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth in Austria, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 3.2% | — |
| 2001 | 1.3% | -58.7% |
| 2002 | 1.5% | +12.7% |
| 2003 | 1.1% | -23.1% |
| 2004 | 2.6% | +124.7% |
| 2005 | 2.3% | -9.5% |
| 2006 | 3.3% | +40.9% |
| 2007 | 3.8% | +15.5% |
| 2008 | 1.5% | -61.5% |
| 2009 | -3.6% | -346.8% |
| 2010 | 1.8% | -150.4% |
| 2011 | 2.9% | +61.8% |
| 2012 | 0.6% | -78.5% |
| 2013 | -0.3% | -139.9% |
| 2014 | 0.8% | -401.4% |
| 2015 | 1.3% | +72.5% |
| 2016 | 2.1% | +62.4% |
| 2017 | 2.3% | +7.3% |
| 2018 | 2.5% | +9.3% |
| 2019 | 1.8% | -29.4% |
| 2020 | -6.3% | -460.0% |
| 2021 | 4.9% | -177.9% |
| 2022 | 5.3% | +8.3% |
| 2023 | -0.8% | -114.7% |
| 2024 | -0.7% | -16.2% |
Austria compared with similar countries
- Austria's -0.7% is below the median for high income countries, which is 2.1%. (80 countries reporting)
- Austria's -0.7% is below the median for Europe & Central Asia, which is 2.6%. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | -3.6% | 3.8% | 10 |
| 2010s | 1.6% | -0.3% | 2.9% | 10 |
| 2020s | 0.5% | -6.3% | 5.3% | 5 |
Countries ranked near Austria
More economy & growth data for Austria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.801 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.9157 Percent per annum (2029)
- SDRs holdings, US dollar, annual growth rate 6.39 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0136 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 858.85 units per person (2025)
- SDRs holdings, SDR, annual growth rate 1.31 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.01 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 627.13 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 3.68 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
Frequently asked questions
- What is annual gdp growth in Austria?
- Annual gdp growth in Austria was -0.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Austria?
- The highest recorded value was 5.3% in 2022.
- What is the lowest annual gdp growth recorded in Austria?
- The lowest recorded value was -6.3% in 2020.
- How does Austria rank for annual gdp growth?
- Austria ranks 210th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Austria?
- Over the last ten years it is down 187.2%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).