Economy in Austria: mini growth after seven declines!
Economy in Austria: mini growth after seven declines!
Österreich - The Austrian economy recorded mini growth in the first quarter of 2024 after seven declines in a row. According to Vol.at , the gross domestic product (GDP) rose by 0.1 percent compared to the fourth quarter of 2023. However, the real GDP is 0.5 percent lower compared to the first quarter of 2023, which indicates that Economic output remains under the maximum of 2022.
This increase is particularly remarkable because it is the first positive value after a long phase of negative growth rates. Nevertheless, the current status shows that Austria is still in a phase of low growth dynamics, as the Austrian Economic Barometer illustrates.
economic sectors at a glance
according to Statistics Austria measures the production of goods and services as a sum of the End usage categories as well as as a sum of income from production activity. This methodology enables a comprehensive analysis of the country's economic activities and underlines the importance of regularly informed about the GDP growth figures.
long -term look at the economy
Data on growth and developments in gross domestic product in Austria have been of central importance over the past few years. Statista regularly publishes comprehensive data that documents GDP growth compared to the previous year. The last publication on these figures took place on September 30, 2024, whereby the access to this data is only available on June 6, 2025.
In summary, the latest report shows a hesitant but significant sign of life of the domestic economy, but it remains to be seen whether this positive development continues and the residues of the previous quarters can be compensated.| Details | |
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| Ort | Österreich |
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