Source: world bank Nominal/PPP
Summary:
Austria GDP Per Capita expanded from 1960 to 2024, increasing from $939.91 to $58,268.88 .The compound annual growth rate (CAGR) averaged 6.66% 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 19.12%, indicating the largest cyclical decline from peak levels. The country experienced 11 recession episode(s) during the observed period.
Austria Economic Phases (1960 - 2024)
From 1960 to 2024, Austria economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1980) indicating robust economic expansion
- Expansion (1982–1983) indicating steady moderate growth
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1994–1995) indicating robust economic expansion
- Contraction (1999–2001) indicating temporary slowdown
- High Growth (2002–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2010) indicating temporary slowdown
- Expansion (2013–2014) indicating steady moderate growth
- Expansion (2016–2017) indicating steady moderate growth
- Contraction (2019–2020) indicating temporary slowdown
- Expansion (2024–2024) indicating steady moderate growth
The most remarkable growth occurred in 1986 with an increase of 42.64%, while the largest decline was in 2015 at -14.42%.