Austria GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Austria's GDP changed from approximately $80B 923M in 1980 to $540B 886M in 2024, showing an overall 568.4% sharply increased during the period.
The lowest GDP was recorded in 1984 at $67B 7M, and the highest in 2024 at $540B 886M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.4%.
For comparison, the average annual growth rate of Germany was 3.9%, and that of Switzerland was 4.7%.

Overview of Austria's GDP (1980–2024)

The Gross Domestic Product (GDP) of Austria recorded a 568.4% sharply increased from 1980 to 2024.
The average GDP during this period was $281B 511M, and the median was $241B 234M.
GDP fluctuated within a range of $473B 879M, with a standard deviation of $144B 899M.
The average annual change was $10B 747M.


Austria GDP from 1980 to 2024

The total market value of goods and services produced annually in Austria.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1984, $67B 7M
    • Highest GDP: 2024, $540B 886M
    • Most Recent GDP: 2024, $540B 886M

    Notable Annual GDP Changes

    • 2007: Significant increase in GDP
    • 2015: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Austria's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $444B 645M → $434B 701M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $389B 231M → $401B 323M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $197B 377M → $197B 510M
    • Outcome: remained stable

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $213B 45M → $218B 557M
    • Outcome: increased

    Key Economic Indicators of Austria (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 80B 923M
    $ 10,731.95
    $ 11,227.43
    $ 84B 660M
    2.314 %
    -4.776 %
    25.92 %
    0 %
    7M 540K people
    1981
    $ 70B 121M
    $ 9,280.73
    $ 12,252.78
    $ 92B 577M
    -0.099 %
    -4.338 %
    24.60 %
    0 %
    7M 556K people
    1982
    $ 70B 111M
    $ 9,267.66
    $ 13,241.50
    $ 100B 173M
    1.908 %
    1.003 %
    23.65 %
    0 %
    7M 565K people
    1983
    $ 71B 32M
    $ 9,417.24
    $ 14,187.68
    $ 107B 15M
    2.804 %
    0.389 %
    21.98 %
    0 %
    7M 543K people
    1984
    $ 67B 7M
    $ 8,882.63
    $ 14,746.94
    $ 111B 245M
    0.332 %
    -0.266 %
    23.02 %
    0 %
    7M 544K people
    1985
    $ 68B 623M
    $ 9,090.80
    $ 15,544.06
    $ 117B 338M
    2.243 %
    -0.23 %
    23 %
    0 %
    7M 549K people
    1986
    $ 97B 375M
    $ 12,886.09
    $ 16,211.20
    $ 122B 502M
    2.341 %
    0.21 %
    23.10 %
    0 %
    7M 557K people
    1987
    $ 121B 771M
    $ 16,093.01
    $ 16,869.60
    $ 127B 647M
    1.681 %
    -0.216 %
    23.30 %
    0 %
    7M 567K people
    1988
    $ 133B 591M
    $ 17,632.81
    $ 17,609.94
    $ 133B 418M
    0.961 %
    -0.181 %
    23.83 %
    -1.517 %
    7M 576K people
    1989
    $ 133B 263M
    $ 17,547.81
    $ 18,966.79
    $ 144B 39M
    3.887 %
    0.186 %
    25.01 %
    -1.266 %
    7M 594K people
    1990
    $ 166B 866M
    $ 21,827.44
    $ 20,396.04
    $ 155B 924M
    4.346 %
    0.699 %
    25.73 %
    -0.792 %
    7M 645K people
    1991
    $ 174B 435M
    $ 22,621.88
    $ 21,624.65
    $ 166B 746M
    3.442 %
    0.035 %
    25.26 %
    -1.029 %
    7M 711K people
    1992
    $ 195B 506M
    $ 25,068.40
    $ 22,325.71
    $ 174B 116M
    2.094 %
    -0.385 %
    24.23 %
    -0.171 %
    7M 799K people
    1993
    $ 190B 383M
    $ 24,152.66
    $ 22,731.57
    $ 179B 182M
    0.527 %
    -0.532 %
    22.93 %
    -2.019 %
    7M 883K people
    1994
    $ 203B 970M
    $ 25,725.56
    $ 23,636.17
    $ 187B 404M
    2.402 %
    -1.467 %
    22.86 %
    -2.534 %
    7M 929K people
    1995
    $ 241B 234M
    $ 30,350.53
    $ 24,714.48
    $ 196B 438M
    2.668 %
    -2.86 %
    23.98 %
    -2.908 %
    7M 948K people
    1996
    $ 237B 343M
    $ 29,820.60
    $ 25,735.78
    $ 204B 832M
    2.398 %
    -2.838 %
    23.50 %
    -1.045 %
    7M 959K people
    1997
    $ 213B 45M
    $ 26,737.48
    $ 26,697.38
    $ 212B 726M
    2.094 %
    -2.546 %
    23.67 %
    0.649 %
    7M 968K people
    1998
    $ 218B 557M
    $ 27,399.08
    $ 27,933.69
    $ 222B 821M
    3.581 %
    -1.852 %
    24.25 %
    0.19 %
    7M 977K people
    1999
    $ 217B 475M
    $ 27,210.47
    $ 29,279.42
    $ 234B 11M
    3.556 %
    -2.261 %
    23.86 %
    0.22 %
    7M 992K people