GDP

GDP of Austria in 2023 - Expenditure Approach, Sector Output, and Regional GDP

Last Updated: October 31, 2023
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GDP Summary

“Austria with a population of had a total GDP value of US dollars (calculated in current US dollars) for the whole of 2022. The GDP per capita is 52192, and the growth rate in 2022 is 4.8%.”

Population

8.88 million

Land Size

82520 km²

GDP

471.03 billion

GDP Per Capita

52192 USD

Real GDP Growth
Note: Real GDP Growth (%) | Forecast after 2023
GDP Per Capital (Nominal)
Note: Current USD | Forecast after 2023
GDP Per Capita (PPP)
Note: PPP | Forecast after 2023

GDP Structure (Expenditure Approach)

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Private Consumption
51.2%
Government Expneidutre
20.6%
Capital Formation
25.3%
Export
62.2%
Import
61.5%
GDP Growth(By Type)
Note: Real GDP Growth (%) | Forecast after 2023

GDP Structure By Sector

The latest GDP update was in October 2023, updating the data on the contribution of GDP output in various sectors for the year 2022, as a proportion of the total GDP. The data is sourced from the World Bank, IMF, and local government statistics. Predictions on the sources of GDP contribution are from the EIU.

Agriculture
1.3%
Industry
29.8%
Manufacturing
20.9%
Service
69.1%
Economic Growth(By Sector)
Note: Real GDP Growth (%) | Forecast after 2023

Economic Development

Unemployment

4.8 %

Inflation

8.6 %

Urbanization

58.5 %

TFR

1.5 人

Unemployment Rate
Unit: %
Inflation Rate
Unit: %

GDP By Regions

Top 5 Regions By Population & Their GDP | Note: USD, current prices, current PPP

Austria

510781 million USD

Vienna

127862 million USD

Lower Austria

80243.3 million USD

Upper Austria

88224.8 million USD

Styria

65703.7 million USD

Tyrol

45569.3 million USD

Historical Real GDP Growth Rate
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Growth By GDP

Top 5 Regions By Population & Their GDP Growth in 2020

Austria

-6.45 %

Vienna

-6.69 %

Lower Austria

-7.38 %

Upper Austria

-5.63 %

Styria

-6.11 %

Tyrol

-8.12 %

Historical Real GDP Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita By Regions

Top 5 Regions By Population & Their GDP Per Capita in 2020 (Measured in PPP, current prices) | Unit: USD

Austria

57283 USD

Vienna

66731 USD

Lower Austria

47549 USD

Upper Austria

59095

Styria

52700 USD

Tyrol

60049 USD

Historical GDP Per Capita (PPP) By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0 USD. | Source; Local Statistics Bureau | Unit: %

GDP Per Capita Growth By Regions

Top 5 Regions By Population & Their GDP Per Capita Growth Rate in 2020 | Unit: %

Austria

-7.46 %

Vienna

-8.46 %

Lower Austria

-8.18 %

Upper Austria

-6.53 %

Styria

-6.7 %

Tyrol

-9.19 %

Historical GDP Per Capita Growth By Regions
Note: No data for 2019 and 2020 in some regions, denoted with 0%. | Source; Local Statistics Bureau | Unit: %