[ Nominal GDP in billions of USD ]
Year -
$534.79 billions
Austria GDP expanded from 1960 to 2024, increasing from $6.62 billion to $534.79 billion.The compound annual growth rate (CAGR) averaged 7.1% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 18.29%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 534.79 Billions | $ 678.36 Int Billions |
| Growth (YoY) | 3.507% | 1.007% |
| Net Change vs Previous Year | $ 18.12 Billion | $ 6.77 Int Billion |
| % of World GDP | 0.48% | 0.34% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 6.62 | - | - | - | - | - |
| 1961 | 7.35 | 0.72 | 10.907 % | - | - | - |
| 1962 | 7.79 | 0.45 | 6.077 % | - | - | - |
| 1963 | 8.41 | 0.62 | 7.969 % | - | - | - |
| 1964 | 9.21 | 0.8 | 9.503 % | - | - | - |
| 1965 | 10.04 | 0.83 | 8.987 % | - | - | - |
| 1966 | 10.94 | 0.9 | 8.941 % | - | - | - |
| 1967 | 11.63 | 0.7 | 6.354 % | - | - | - |
| 1968 | 12.5 | 0.87 | 7.437 % | - | - | - |
| 1969 | 13.65 | 1.15 | 9.181 % | - | - | - |
| 1970 | 15.31 | 1.67 | 12.202 % | - | - | - |
| 1971 | 17.79 | 2.48 | 16.168 % | - | - | - |
| 1972 | 21.97 | 4.18 | 23.525 % | - | - | - |
| 1973 | 29.4 | 7.43 | 33.799 % | - | - | - |
| 1974 | 35.05 | 5.65 | 19.223 % | - | - | - |
| 1975 | 39.9 | 4.85 | 13.839 % | - | - | - |
| 1976 | 42.79 | 2.89 | 7.241 % | - | - | - |
| 1977 | 51.34 | 8.55 | 19.986 % | - | - | - |
| 1978 | 61.81 | 10.47 | 20.383 % | - | - | - |
| 1979 | 73.65 | 11.84 | 19.153 % | - | - | - |
| 1980 | 81.74 | 8.09 | 10.984 % | - | - | - |
| 1981 | 70.76 | -10.98 | -13.435 % | - | - | - |
| 1982 | 71 | 0.24 | 0.339 % | - | - | - |
| 1983 | 71.84 | 0.84 | 1.187 % | - | - | - |
| 1984 | 67.72 | -4.12 | -5.734 % | - | - | - |
| 1985 | 69.11 | 1.4 | 2.061 % | - | - | - |
| 1986 | 98.65 | 29.53 | 42.731 % | - | - | - |
| 1987 | 123.68 | 25.03 | 25.377 % | - | - | - |
| 1988 | 132.82 | 9.14 | 7.386 % | - | - | - |
| 1989 | 132.58 | -0.23 | -0.175 % | - | - | - |
| 1990 | 165.81 | 33.23 | 25.061 % | 148.92 | - | - |
| 1991 | 173.11 | 7.3 | 4.404 % | 159.25 | 10.33 | 6.94 % |
| 1992 | 194.31 | 21.2 | 12.247 % | 166.29 | 7.04 | 4.42 % |
| 1993 | 189.63 | -4.68 | -2.408 % | 171.13 | 4.84 | 2.91 % |
| 1994 | 202.74 | 13.1 | 6.91 % | 178.98 | 7.85 | 4.589 % |
| 1995 | 240.09 | 37.36 | 18.426 % | 187.61 | 8.63 | 4.821 % |
| 1996 | 235.95 | -4.14 | -1.725 % | 194.41 | 6.8 | 3.625 % |
| 1997 | 211.72 | -24.23 | -10.268 % | 201.6 | 7.18 | 3.695 % |
| 1998 | 217.07 | 5.34 | 2.524 % | 211.63 | 10.04 | 4.978 % |
| 1999 | 216.42 | -0.65 | -0.298 % | 219.79 | 8.16 | 3.855 % |
| 2000 | 196.18 | -20.24 | -9.352 % | 234.11 | 14.32 | 6.514 % |
| 2001 | 196.48 | 0.3 | 0.151 % | 237.68 | 3.57 | 1.525 % |
| 2002 | 212.84 | 16.36 | 8.327 % | 250.15 | 12.48 | 5.25 % |
| 2003 | 260.78 | 47.94 | 22.525 % | 259.55 | 9.4 | 3.757 % |
| 2004 | 299.21 | 38.43 | 14.737 % | 273.91 | 14.36 | 5.533 % |
| 2005 | 313.95 | 14.74 | 4.927 % | 286.14 | 12.22 | 4.463 % |
| 2006 | 333.91 | 19.95 | 6.356 % | 309.15 | 23.01 | 8.042 % |
| 2007 | 386.76 | 52.85 | 15.829 % | 325.12 | 15.97 | 5.166 % |
| 2008 | 429.23 | 42.47 | 10.982 % | 341.57 | 16.45 | 5.06 % |
| 2009 | 399.29 | -29.94 | -6.976 % | 339.46 | -2.11 | -0.617 % |
| 2010 | 389.83 | -9.46 | -2.37 % | 349.05 | 9.59 | 2.825 % |
| 2011 | 428.95 | 39.13 | 10.037 % | 370.67 | 21.62 | 6.194 % |
| 2012 | 406.75 | -22.2 | -5.176 % | 389.1 | 18.43 | 4.971 % |
| 2013 | 426.58 | 19.83 | 4.875 % | 402.96 | 13.86 | 3.562 % |
| 2014 | 438.56 | 11.98 | 2.807 % | 413.26 | 10.3 | 2.557 % |
| 2015 | 379.55 | -59.01 | -13.456 % | 428.24 | 14.98 | 3.624 % |
| 2016 | 393.69 | 14.14 | 3.726 % | 457.78 | 29.54 | 6.899 % |
| 2017 | 414.93 | 21.24 | 5.395 % | 473.92 | 16.14 | 3.526 % |
| 2018 | 452.58 | 37.66 | 9.075 % | 500.7 | 26.77 | 5.649 % |
| 2019 | 442.98 | -9.6 | -2.121 % | 535.95 | 35.25 | 7.04 % |
| 2020 | 434.4 | -8.59 | -1.938 % | 521.84 | -14.1 | -2.632 % |
| 2021 | 480.47 | 46.07 | 10.605 % | 563.94 | 42.1 | 8.067 % |
| 2022 | 473.22 | -7.25 | -1.508 % | 651.61 | 87.67 | 15.546 % |
| 2023 | 516.67 | 43.45 | 9.182 % | 671.59 | 19.99 | 3.067 % |
| 2024 | 534.79 | 18.12 | 3.507 % | 678.36 | 6.77 | 1.007 % |
Between 1960 to 2024, Austria experienced the following economic phases:
The most remarkable growth occurred in 1986 with an increase of 42.731%, while the largest decline was in 2015 at -13.456%.