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GDP Gross Domestic Product

BNP: Austrian Economy Recovers

GDP in Austria contracted slightly in Q4 2011 as exports fell, but weak growth is likely to have resumed at the beginning of 2012, says BNP Paribas.

March 26, 2012

Austrian Economy Recovers Slowly

The Austrian Central Bank (OeNB) sees signs of a recovery. A recession is not expected.

March 20, 2012

GDP per Capita: Vienna Ranks 11th

In 2009, Austrian regions remained above average in terms of regional GDP per capita in the EU.

March 13, 2012

WIFO Forecasts Economic Stabilization

The Austrian Institute of Economic Research (WIFO) expects a slight improvement in the Austrian economic development. Upward indicators become more significant.

March 9, 2012

Economic Growth Forecast: 0.7% in 2012

The EU-Commission sees an economic growth of 0.7% for Austria in 2012. Austria is in the middle-field among the EU member states.

February 23, 2012

Austrian Economy Shrank in Last Quarter of 2011

Due to lower exports, the Austrian economic growth showed a decrease in the last quarter of 2011. For 2012, the economy will stagnate or increase very slowly.

February 15, 2012

„Financial Transaction Tax Could Cause Recession“

According to the CEO of Vienna Stock Exchange, Michael Buhl, a financial transaction tax would cost productivity at enterprises.

February 14, 2012

Turnaround for Austrian Economy?

Bank Austria´s business indicator states that the Austrian economy could return to growth. For the first quarter, a small growth rate is expected.

February 14, 2012

Sorger „Focusing on Business Location“

The President of the Federation of Austrian Industries, Veit Sorger, reaffirmed the strengthen Austria´s economic competitiveness.

February 4, 2012

Turnaround for Austrian Industry?

According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.

February 1, 2012

Central-Upper Austria Overtakes Vienna in GDP per Capita

The urban Upper Austrian region Linz-Wels has the highest GDP per capita in Austria. Vienna ranks second.

January 31, 2012

Austrian Economy: Slowdown, But No Recession

The Federation of Austrian Industries (IV) says that Austria will not face a recession in 2012. Nevertheless, the economic slowdown is significant.

January 26, 2012

Low Growth Rates Expected after 2012

In a medium-term forecast, the Austrian Institute of Economic Research (WIFO) expects only very decent economic growth rates.

January 23, 2012

Signs for Economic Stabilization

The Austrian Central Bank (OeNB) sees signs that the economic downturn trend can be stopped. A small growth in 2012 could be possible.

January 17, 2012

Economic Inequalities between Austrian Regions

Urban regions record a significantly higher income. The economic crisis caused a decline in gross regional product and disposable income in 2009.

January 10, 2012

Stagnation Expected for Austria

The Austrian economy is weakening steadily into the New Year. The Bank Austria Business Indicator continued to decline in November turning slightly negative as in the previous month.

December 17, 2011

Austria Fifth Richest Country in EU

GDP per capita in the Member States ranged from 44% to 271% of the EU27 average in 2010. Austria´s figure amounts to 126%.

December 13, 2011

Only 0.3% GDP Growth in Third Quarter

The Austrian GDP stagnates, which is due to decrease in domestic consumption. The only positive impetus comes from the export industry.

December 9, 2011

Austria Falls In Recession in 2012

According to analysts of Raiffeisen Research, the Austrian economy could shrink by 0.5% in 2012. Up to now, only a small growth rate has been expected by economists.

November 22, 2011

„Debt Brake“: Government Tries to Persuade Opposition

This week, the Austrian government announced to insert a maximum debt level into the constitution. The approval of one opposition party is still missing.

November 19, 2011

Austrian Economic Growth Slows Down

According to the Austrian Institute of Economic Research the aggregate output grew by 0.3% against the previous quarter. Exports are weakening.

November 15, 2011

Austrian Industry Shows High Degree of Internationality

During the last decades, the Austrian industry could gain importance, which is contrarious to the European trend. In meantime, Austria has the fourth highest degree of industrialization in the EU.

October 18, 2011

CEE Less Vulnerable to Severe Economic Crisis

The reaction of the CEE region to the global slowdown should be less severe than in the post-Lehman crisis, as CEE economies are in a completely different stage of their economic cycle and have reduced their imbalances.

October 17, 2011

Austrian Economy Cooling Down Rapidly

Drastic deterioration in industrial climate and consumer sentiment point to a break in the economic recovery in the second half of 2011.Economic outlook for 2012 lowered to just 1.4 per cent.

October 15, 2011

OeNB: Austrian Economy Is Stagnating

Uncertainty about the global economic development has reduced business and consumer confidence in Austria.

October 12, 2011

FDI Remains Essential for Austrian Business Location

According to a study of Statistics Austria, the number of foreign subsidiaries even grew in 2009 by 6%. The number of Austrian subsidiaries owned by foreign corporations grew slightly.

October 5, 2011

Wifo/IHS: 2012 Brings Collapse of Economic Growth

The research institutes cut their growth forecasts for the Austrian economy by 50%. Unemployment numbers are expected to increase.

September 30, 2011

GDP Growth below Expectations in Q2

The real growth rate was revised downwards to 0.7%. Wifo expects a normal slowdown but no economic crisis.

September 16, 2011

Austrian Economy 2010: Noticeable Recovery

According to calculations by Statistics Austria, the Austrian economy grew by 2.3% in the year 2010. GDP per inhabitant amounted to € 34,120.

September 9, 2011

Wifo Cuts Growth Forecast for 2012

The research institute sees the current economic upward trend coming to an end but does not expect a recession in Europe.

August 31, 2011

Economic Upward Trend Continued in Second Quarter

From April to June, Austrian GDP grew by 1% compared to the first three months of 2011 while the euro zone average was only 0.2%.

August 16, 2011

Economic Growth to Slow Down Significantly

Industry and consumer sentiment is at its lowest level since mid-2010. The GDP growth rate is predicted to fall to 1.8% in 2012.

August 12, 2011

“Austria Was Boosted by EU Accession, Euro and Opening to Eastern Europe”

Bank Austria analyzed the development of Austria since the EU accession in 1995. It concluded that the economy has taken full advantage of the opportunities offered by the changes.

July 28, 2011

Economic Growth to Slow Down in Second Half of 2011

Real growth is predicted to fall to 0.3% in the third quarter. The forecast is based on reduced export prospects, a lower number of new orders and the euro crisis.

July 19, 2011

OECD Calls for Reforms and Increased Efficiency

The OECD expects growth of 2.9% in 2011 and a further decline in the unemployment rate. To maintain the country’s performance the study recommends reforms in many areas.

July 11, 2011

Economic Upswing Continues: Wifo and IHS Expect 3% Growth

Both research institutes revised their forecast for the current year upwards. Economic risks are also predicted to increase.

July 1, 2011

Austrian Economy Growing Faster than Eurozone Average

OeNB has revised its growth forecast for 2011 upwards to 3.2%. Lower rates are expected for 2012 and 2013.

June 17, 2011

GDP Growth Lower than Expected

Instead of 1.0%, the growth rate in the first quarter was only 0.9%. A plus of 4.2% year-on-year was registered.

June 10, 2011

Economic Growth Is Based on Households and Exports

In 2010, Austrian economic output grew stronger than the Eurozone average. GDP amounted to € 284bn.

June 8, 2011

Austria’s Economy Is Growing Faster Than Expected

The Austrian economy has grown faster than expected. The OECD raised its growth forecast to 2.9%.

May 25, 2011

Leitl: "Reforms, Despite the Positive economic Outlook Should Not Be Forgotten"

Spring forecast by the EU Commission: Clearly improved growth prospects for Austria and the European Union

May 14, 2011

Austria's Economy Grew Strongly Again in the First Quarter of 2011

According to the latest WIFO flash estimate, the domestic GDP grew, in real terms and seasonally adjusted, by 1% in the 1st Q. 2011. Compared with the previous quarter (4th Q. 2010: +0.9%), the expansion rate has picked up slightly.

May 14, 2011

Nearly all Federal Provinces have Overcome the Economic Slump

Strong demand from abroad will keep industry humming along. According to Bank Austria, Upper Austria and Vorarlberg have the brightest prospects for growth.

May 11, 2011

Strong Upswing in Austria

Indicators point to a strong and dynamic economic recovery. Surveys of local companies in the manufacturing sector reflect great optimism concerning the course their business is taking.

May 10, 2011

Austria´s Economy Performed Better than EU-average During Crisis

The Vienna Institute for International Economic Studies (wiiw) has just published a study, which quantifies trade-related transmission mechanisms of the global drop in investment demand and output to recession in Austria.

April 28, 2011

Real Purchasing Power: The Gap Between Austria and the CEE Region is Getting Smaller

For the coming years, a steady rise in unit labor costs in the CEE countries with the corresponding impact on the competition for business locations is expected.

April 16, 2011

Forecast: Austria's Economic Growth in 2011 at 2.5%

The upswing in the first half year continues mainly due to strongly growing exports. A flattening of growth is expected after this.

April 2, 2011

Austrians are among the European Leaders in Pension Duration

Austrians currently spend an average of over 23 years in retirement; this is about twice as long as in 1970. Austria ranks second in Europe in this respect.

March 31, 2011

Austria's Export Industry Grows Strongly

Driven by external demand, the Austrian economy shows a growth of 2.7% compared with the previous year.

March 23, 2011

Vienna is Among the Cities with the Greatest Purchasing Power in Europe

Austria comes out relatively well in a study on the purchasing power of Europe The capital leads the Austrian comparison.

February 25, 2011