The outlook for Austria’s economy is favourable. Growth is expected to strengthen robustly in 2017 and should continue to expand at almost the same pace until 2019. Domestic demand, supported by dynamic investment, is expected to be the main growth driver. Strong growth in exports suggests that foreign trade should provide a boost to overall growth. Public finances are expected to benefit from favourable economic trends, despite the costs of recent government measures.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 1,5 2,6 2,4 2,3
Inflation (%, yoy) 1,0 2,0 1,6 1,7
Unemployment (%) 6,0 5,6 5,5 5,4
Public budget balance (% of GDP) -1,6 -1,0 -0,9 -0,6
Gross public debt (% of GDP) 83,6 78,6 76,2 73,4
Current account balance (% of GDP) 2,3 2,2 2,9 3,7

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