Annual GDP growth in Austria
Austria: Annual GDP growth was -0.9% in 2023. ◆ Volatile
Latest (2023)
-0.9%
Change on year
down 118.0%
World rank
191st
of 211 countries
All-time high
5.3%
in 2022
All-time low
-6.3%
in 2020
Years of data
24
2000–2023
Annual GDP growth in Austria, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Austria recorded -0.9% for annual gdp growth in 2023.
The figure is down 118.0% on the previous year and down 280.0% 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.
Austria ranks 191st of 211 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.7% | -3.6% | 3.8% | 10 |
| 2010s | 1.6% | -0.2% | 2.9% | 10 |
| 2020s | 0.7% | -6.3% | 5.3% | 4 |
Countries ranked near Austria
- 188 Lebanon -0.6% compare
- 189 Saudi Arabia -0.8% compare
- 190 Hungary -0.9% compare
- 192 Luxembourg -1.1% compare
- 193 Finland -1.2% compare
- 193 Liechtenstein -1.2% compare
More economy & growth data for Austria
- External balance on goods and services as a percent of GDP 2.4% (2025)
- Inflation of consumer prices 3.5% (2025)
- GDP per capita 46,090 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 15.2% (2025)
- Gross domestic product (GDP) 424.41 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 46,090 constant 2015 US$ (2025)
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -3.14 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -3.40 billion current US$ (2024)
- Taxes less subsidies on products 54.92 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Austria?
- Annual gdp growth in Austria was -0.9% in 2023, according to World Bank – processed by Our World in Data.
- 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 191st out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Austria?
- Over the last ten years it is down 280.0%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Annual GDP growth (%)