National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Austria
NAEXKP01ATQ189S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
94,048,696,806.00
Year-over-Year Change
5.06%
Date Range
1/1/1995 - 7/1/2023
Summary
This economic trend measures Austria's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic output and growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Gross Domestic Product (GDP) by Expenditure: Constant Prices metric tracks the total value of all goods and services produced within Austria, adjusted for inflation, offering insights into the nation's economic performance and development.
Methodology
The data is collected and calculated by the Austrian national statistical agency based on a variety of economic indicators.
Historical Context
This GDP trend is closely monitored by policymakers, analysts, and businesses to assess Austria's economic health and guide decision-making.
Key Facts
- Austria's GDP reached €415 billion in 2021.
- GDP growth in Austria was 4.5% in 2021.
- Services account for over 60% of Austria's GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures Austria's gross domestic product (GDP) by expenditure at constant prices, providing a comprehensive view of the country's economic output and growth.
Q: Why is this trend relevant for users or analysts?
A: This GDP trend is closely monitored by policymakers, analysts, and businesses to assess Austria's economic health and guide decision-making.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian national statistical agency based on a variety of economic indicators.
Q: How is this trend used in economic policy?
A: This GDP trend is used by policymakers, economists, and institutions to evaluate Austria's economic performance and inform policy decisions.
Q: Are there update delays or limitations?
A: The GDP data is typically published with a short delay, and may be subject to revisions as more information becomes available.
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Citation
U.S. Federal Reserve, National Accounts: GDP by Expenditure: Constant Prices: Gross Domestic Product: Total for Austria (NAEXKP01ATQ189S), retrieved from FRED.