Austria’s economy likely grew twice as fast in 2017 as it did in 2016. Another quarter of strong GDP growth at the end of 2017 suggests real GDP growth of 3.1% for the year as a whole, compared to 1.5% in 2016. Optimistic business and consumer sentiment indicators suggest that economic growth should remain strong in 2018 (2.9%) before easing somewhat in 2019 to 2.3%.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 1,5 3,1 2,9 2,3
Inflation (%, yoy) 1,0 2,2 2,1 1,9

Documents

DownloadPDF - 90.7 KB