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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
