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Austria’s GDP Growth

#120 of 189 in the GDP Growth progress rankings

Measured as the annual percentage change in real GDP at constant national prices, this indicator shows the year-on-year rate of economic expansion. It reveals economic momentum and growth trends (higher is better).

Latest (2024)
-1.2 %
Year-over-year
-0.2 %
Change since start (1961→2024)
-6.7 %

Key insights

  • From 1961 to 2024, GDP Growth changed by -6.7 %.
  • Most recent year-over-year change (2023→2024): -0.2 %.
  • Lowest level: -6.3 % in 2020.
  • Highest level: 7.1 % in 1970.

GDP Growth Chart (1961–2024)

*Average based on available data from 193 UN member countries

GDP Growth Table (1961–2024)

GDP Growth — Austria
Year GDP Growth
1961 5.5 %
1962 2.7 %
1963 4.1 %
1964 6.1 %
1965 3.5 %
1966 5.6 %
1967 3.0 %
1968 4.5 %
1969 6.3 %
1970 7.1 %
1971 5.1 %
1972 6.2 %
1973 4.9 %
1974 3.9 %
1975 -0.4 %
1976 4.6 %
1977 5.1 %
1978 -0.2 %
1979 5.4 %
1980 1.7 %
1981 -0.1 %
1982 2.0 %
1983 3.0 %
1984 0.1 %
1985 2.5 %
1986 2.3 %
1987 1.4 %
1988 3.3 %
1989 3.9 %
1990 4.4 %
1991 3.4 %
1992 2.1 %
1993 0.5 %
1994 2.4 %
1995 2.7 %
1996 2.2 %
1997 2.2 %
1998 3.5 %
1999 3.8 %
2000 3.2 %
2001 1.3 %
2002 1.5 %
2003 1.1 %
2004 2.6 %
2005 2.3 %
2006 3.3 %
2007 3.8 %
2008 1.5 %
2009 -3.6 %
2010 1.8 %
2011 2.9 %
2012 0.6 %
2013 -0.3 %
2014 0.8 %
2015 1.3 %
2016 2.1 %
2017 2.3 %
2018 2.5 %
2019 1.8 %
2020 -6.3 %
2021 4.8 %
2022 5.3 %
2023 -1.0 %
2024 -1.2 %

Source: World Bank