Gross Domestic Product — Value Standard Local Currency in Austria
Austria: Gross Domestic Product — Value Standard Local Currency was 481,940 million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Austria, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Austria recorded 481,940 million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
That represents a change of up 1.8% on the previous year and up 46.0% over ten years.
Over the whole period, gross domestic product — value standard local currency in Austria peaked at 481,940 million SLC in 2024 and was at its lowest, 28,934 million SLC, in 1970.
That places Austria 121st out of 218 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Austria, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 28,934 million SLC | — |
| 1971 | 32,300 million SLC | +11.6% |
| 1972 | 36,913 million SLC | +14.3% |
| 1973 | 41,833 million SLC | +13.3% |
| 1974 | 47,614 million SLC | +13.8% |
| 1975 | 50,504 million SLC | +6.1% |
| 1976 | 55,788 million SLC | +10.5% |
| 1977 | 61,669 million SLC | +10.5% |
| 1978 | 65,227 million SLC | +5.8% |
| 1979 | 71,549 million SLC | +9.7% |
| 1980 | 76,850 million SLC | +7.4% |
| 1981 | 81,893 million SLC | +6.6% |
| 1982 | 88,014 million SLC | +7.5% |
| 1983 | 93,778 million SLC | +6.5% |
| 1984 | 98,470 million SLC | +5.0% |
| 1985 | 103,921 million SLC | +5.5% |
| 1986 | 109,450 million SLC | +5.3% |
| 1987 | 113,639 million SLC | +3.8% |
| 1988 | 119,177 million SLC | +4.9% |
| 1989 | 127,480 million SLC | +7.0% |
| 1990 | 137,010 million SLC | +7.5% |
| 1991 | 146,887 million SLC | +7.2% |
| 1992 | 155,179 million SLC | +5.6% |
| 1993 | 160,298 million SLC | +3.3% |
| 1994 | 168,293 million SLC | +5.0% |
| 1995 | 175,917 million SLC | +4.5% |
| 1996 | 181,542 million SLC | +3.2% |
| 1997 | 187,779 million SLC | +3.4% |
| 1998 | 195,274 million SLC | +4.0% |
| 1999 | 203,065 million SLC | +4.0% |
| 2000 | 212,407 million SLC | +4.6% |
| 2001 | 219,373 million SLC | +3.3% |
| 2002 | 225,088 million SLC | +2.6% |
| 2003 | 230,542 million SLC | +2.4% |
| 2004 | 240,542 million SLC | +4.3% |
| 2005 | 252,355 million SLC | +4.9% |
| 2006 | 265,934 million SLC | +5.4% |
| 2007 | 282,208 million SLC | +6.1% |
| 2008 | 291,846 million SLC | +3.4% |
| 2009 | 286,274 million SLC | -1.9% |
| 2010 | 294,051 million SLC | +2.7% |
| 2011 | 308,167 million SLC | +4.8% |
| 2012 | 316,589 million SLC | +2.7% |
| 2013 | 321,192 million SLC | +1.5% |
| 2014 | 330,113 million SLC | +2.8% |
| 2015 | 342,084 million SLC | +3.6% |
| 2016 | 355,666 million SLC | +4.0% |
| 2017 | 367,295 million SLC | +3.3% |
| 2018 | 383,234 million SLC | +4.3% |
| 2019 | 395,707 million SLC | +3.3% |
| 2020 | 380,318 million SLC | -3.9% |
| 2021 | 406,232 million SLC | +6.8% |
| 2022 | 448,007 million SLC | +10.3% |
| 2023 | 473,227 million SLC | +5.6% |
| 2024 | 481,940 million SLC | +1.8% |
Austria compared with similar countries
- Austria's 481,940 million SLC is above the median for high income countries, which is 257,567 million SLC, 1.9× the median. (72 countries reporting)
- Austria's 481,940 million SLC is below the median for Europe & Central Asia, which is 507,692 million SLC, 95% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 49,233 million SLC | 28,934 million SLC | 71,549 million SLC | 10 |
| 1980s | 101,267 million SLC | 76,850 million SLC | 127,480 million SLC | 10 |
| 1990s | 171,124 million SLC | 137,010 million SLC | 203,065 million SLC | 10 |
| 2000s | 250,657 million SLC | 212,407 million SLC | 291,846 million SLC | 10 |
| 2010s | 341,410 million SLC | 294,051 million SLC | 395,707 million SLC | 10 |
| 2020s | 437,945 million SLC | 380,318 million SLC | 481,940 million SLC | 5 |
Countries ranked near Austria
- 118 Nicaragua 649,718 million SLC compare
- 119 Belgium 614,105 million SLC compare
- 120 Ireland 533,444 million SLC compare
- 122 Mauritania 426,551 million SLC compare
- 123 New Zealand 424,902 million SLC compare
- 124 China, Macao SAR 403,314 million SLC compare
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -6.07 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -658.85 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -11.68 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -185.54 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0202 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -1,269 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 50.93 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency in Austria?
- Gross domestic product — value standard local currency in Austria was 481,940 million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Austria?
- The highest recorded value was 481,940 million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Austria?
- The lowest recorded value was 28,934 million SLC in 1970.
- How does Austria rank for gross domestic product — value standard local currency?
- Austria ranks 121st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Austria?
- Over the last ten years it is up 46.0%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).