GDP in 2020: Historic decline of 6.7%

Austria's economy recorded a historic decline in economic output of 6.7% in the pandemic year 2020. The COVID-19 crisis therefore hit the Austrian economy harder than the financial crisis of 2009 (-3.8%). According to currently available information, the decline in Germany, the most important trading partner, was far less pronounced with a minus of 4.6%. In the European Union, GDP fell by 5.9% according to preliminary calculations. Austrian GDP at current prices amounted to approximately 379.3 bn euros (-5.1%) in 2020 and GDP per inhabitant equalled 42 540 euros.

Almost all economic sectors show negative growth rates. Due to lockdowns, accommodation and food service activities (-40.1% in real terms), arts, entertainment and personal services (-19.7% in real terms) suffered the strongest losses, while financial and insurance services increased (+5.1% in real terms).

Main aggregates
Gross domestic product per economic sectors, current prices
Gross domestic product per industry, current prices
Gross domestic product per industry, chained volume indices
Income approach of gross domestic product, current prices
Expenditure on gross domestic product, current prices
Expenditure on gross domestic product, chained volume indices
Final consumption expenditure, current prices
Final consumption expenditure, chained volume indices
Private consumption, current prices
Private consumption, constant prices
Gross capital formation, current prices
Gross capital formation, chained volume indices
Compensation of employees
Employment according to ESA 2010 concepts

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Volkswirtschaftliche Gesamtrechnungen 1995-2020, Hauptergebnisse
This publication presents the revised Austrian National Accounts results for the years 1995 to 2020. The data depicts how gross domestic product is generated and used, and how the incomes generated ...

Release date: 11/2021 ISBN:978-3-903264-94-6

 
 

35,00

 
 

(PDF, 5 MB)

 
 

Volkswirtschaftliche Gesamtrechnungen 1995-2019, Hauptergebnisse
This publication presents the revised Austrian National Accounts results for the years 1995 to 2019. The data depicts how gross domestic product is generated and used, and how the incomes generated ...

Release date: 10/2020 ISBN:978-3-903264-61-8

 
 

35,00

 
 

(PDF, 5 MB)

 
 

Volkswirtschaftliche Gesamtrechnungen 1995-2018, Hauptergebnisse
This publication presents the revised Austrian National Accounts results for the years 1995 to 2018. The data depicts how gross domestic product is generated and used, and how the incomes generated ...

Release date: 10/2019 ISBN:978-3-903264-27-4

 
 

34,00

 
 

(PDF, 3 MB)

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