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%.
Austria GDP from 1980 to 2024
The total market value of goods and services produced annually in Austria.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 2.314 % | $ 80B 923M | $ 84B 660M | $ 10,731.95 | $ 11,227.43 | 25.92 % | 7M 540K people | -4.776 % | 0 % |
1981 | -0.099 % | $ 70B 121M | $ 92B 577M | $ 9,280.73 | $ 12,252.78 | 24.60 % | 7M 556K people | -4.338 % | 0 % |
1982 | 1.908 % | $ 70B 111M | $ 100B 173M | $ 9,267.66 | $ 13,241.50 | 23.65 % | 7M 565K people | 1.003 % | 0 % |
1983 | 2.804 % | $ 71B 32M | $ 107B 15M | $ 9,417.24 | $ 14,187.68 | 21.98 % | 7M 543K people | 0.389 % | 0 % |
1984 | 0.332 % | $ 67B 7M | $ 111B 245M | $ 8,882.63 | $ 14,746.94 | 23.02 % | 7M 544K people | -0.266 % | 0 % |
1985 | 2.243 % | $ 68B 623M | $ 117B 338M | $ 9,090.80 | $ 15,544.06 | 23 % | 7M 549K people | -0.23 % | 0 % |
1986 | 2.341 % | $ 97B 375M | $ 122B 502M | $ 12,886.09 | $ 16,211.20 | 23.10 % | 7M 557K people | 0.21 % | 0 % |
1987 | 1.681 % | $ 121B 771M | $ 127B 647M | $ 16,093.01 | $ 16,869.60 | 23.30 % | 7M 567K people | -0.216 % | 0 % |
1988 | 0.961 % | $ 133B 591M | $ 133B 418M | $ 17,632.81 | $ 17,609.94 | 23.83 % | 7M 576K people | -0.181 % | -1.517 % |
1989 | 3.887 % | $ 133B 263M | $ 144B 39M | $ 17,547.81 | $ 18,966.79 | 25.01 % | 7M 594K people | 0.186 % | -1.266 % |
1990 | 4.346 % | $ 166B 866M | $ 155B 924M | $ 21,827.44 | $ 20,396.04 | 25.73 % | 7M 645K people | 0.699 % | -0.792 % |
1991 | 3.442 % | $ 174B 435M | $ 166B 746M | $ 22,621.88 | $ 21,624.65 | 25.26 % | 7M 711K people | 0.035 % | -1.029 % |
1992 | 2.094 % | $ 195B 506M | $ 174B 116M | $ 25,068.40 | $ 22,325.71 | 24.23 % | 7M 799K people | -0.385 % | -0.171 % |
1993 | 0.527 % | $ 190B 383M | $ 179B 182M | $ 24,152.66 | $ 22,731.57 | 22.93 % | 7M 883K people | -0.532 % | -2.019 % |
1994 | 2.402 % | $ 203B 970M | $ 187B 404M | $ 25,725.56 | $ 23,636.17 | 22.86 % | 7M 929K people | -1.467 % | -2.534 % |
1995 | 2.668 % | $ 241B 234M | $ 196B 438M | $ 30,350.53 | $ 24,714.48 | 23.98 % | 7M 948K people | -2.86 % | -2.908 % |
1996 | 2.398 % | $ 237B 343M | $ 204B 832M | $ 29,820.60 | $ 25,735.78 | 23.50 % | 7M 959K people | -2.838 % | -1.045 % |
1997 | 2.094 % | $ 213B 45M | $ 212B 726M | $ 26,737.48 | $ 26,697.38 | 23.67 % | 7M 968K people | -2.546 % | 0.649 % |
1998 | 3.581 % | $ 218B 557M | $ 222B 821M | $ 27,399.08 | $ 27,933.69 | 24.25 % | 7M 977K people | -1.852 % | 0.19 % |
1999 | 3.556 % | $ 217B 475M | $ 234B 11M | $ 27,210.47 | $ 29,279.42 | 23.86 % | 7M 992K people | -2.261 % | 0.22 % |