Austria ranked 31/197 by economy size with a GDP of $522B and 16/197 by GDP per capita at $56,833. Austria has $424B in government debt, with a debt-to-GDP ratio of 82.9%.
In 2025, Austria made up 0.47% of the world's economy, compared to 0.48% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $6,624,086,313 | $83,828,673,167 | - |
| 1961 | $7,346,566,038 | $88,471,087,748 | 10.9% |
| 1962 | $7,793,042,529 | $90,814,399,431 | 6.08% |
| 1963 | $8,414,050,621 | $94,572,542,282 | 7.97% |
| 1964 | $9,213,648,656 | $100,364,499,311 | 9.5% |
| 1965 | $10,041,659,445 | $103,857,359,442 | 8.99% |
| 1966 | $10,939,526,219 | $109,717,886,300 | 8.94% |
| 1967 | $11,634,569,522 | $113,018,252,763 | 6.35% |
| 1968 | $12,499,863,917 | $118,072,782,528 | 7.44% |
| 1969 | $13,647,475,854 | $125,482,873,519 | 9.18% |
| 1970 | $15,312,791,744 | $134,420,862,376 | 12.2% |
| 1971 | $17,788,536,733 | $141,296,447,063 | 16.2% |
| 1972 | $21,973,207,929 | $150,067,933,491 | 23.5% |
| 1973 | $29,399,860,145 | $157,406,909,711 | 33.8% |
| 1974 | $35,051,468,640 | $163,612,107,623 | 19.2% |
| 1975 | $39,902,300,703 | $163,016,991,844 | 13.8% |
| 1976 | $42,791,707,448 | $170,480,635,018 | 7.24% |
| 1977 | $51,343,861,460 | $179,141,019,238 | 20% |
| 1978 | $61,809,208,756 | $178,763,652,138 | 20.4% |
| 1979 | $73,647,694,287 | $188,339,484,584 | 19.2% |
| 1980 | $81,737,498,405 | $191,600,555,442 | 11% |
| 1981 | $70,755,997,062 | $191,324,085,936 | -13.4% |
| 1982 | $70,996,111,963 | $195,172,100,329 | 0.34% |
| 1983 | $71,838,528,420 | $200,974,738,307 | 1.19% |
| 1984 | $67,719,055,773 | $201,077,788,420 | -5.73% |
| 1985 | $69,114,996,010 | $206,102,076,591 | 2.06% |
| 1986 | $98,648,254,169 | $210,845,294,932 | 42.7% |
| 1987 | $123,682,091,859 | $213,706,819,793 | 25.4% |
| 1988 | $132,817,124,707 | $220,750,339,733 | 7.39% |
| 1989 | $132,584,448,258 | $229,331,070,530 | -0.18% |
| 1990 | $165,811,372,383 | $239,296,977,478 | 25.1% |
| 1991 | $173,113,449,617 | $247,532,688,033 | 4.4% |
| 1992 | $194,314,032,056 | $252,714,845,320 | 12.2% |
| 1993 | $189,634,029,339 | $254,046,171,814 | -2.41% |
| 1994 | $202,738,023,130 | $260,148,661,735 | 6.91% |
| 1995 | $240,094,169,510 | $267,089,386,117 | 18.4% |
| 1996 | $235,952,581,232 | $273,007,464,944 | -1.72% |
| 1997 | $211,724,812,267 | $278,865,754,831 | -10.3% |
| 1998 | $217,068,085,816 | $288,606,201,091 | 2.52% |
| 1999 | $216,421,809,126 | $299,463,348,051 | -0.3% |
| 2000 | $196,181,599,831 | $309,014,800,203 | -9.35% |
| 2001 | $196,477,206,829 | $313,084,486,482 | 0.15% |
| 2002 | $212,837,224,023 | $317,731,814,842 | 8.33% |
| 2003 | $260,779,834,340 | $321,358,930,178 | 22.5% |
| 2004 | $299,210,411,455 | $329,602,607,297 | 14.7% |
| 2005 | $313,952,317,331 | $337,250,591,306 | 4.93% |
| 2006 | $333,905,979,332 | $348,276,446,349 | 6.36% |
| 2007 | $386,760,177,589 | $361,424,664,732 | 15.8% |
| 2008 | $429,234,399,096 | $366,677,269,701 | 11% |
| 2009 | $399,290,118,782 | $353,527,252,122 | -6.98% |
| 2010 | $389,827,789,218 | $359,922,497,999 | -2.37% |
| 2011 | $428,954,737,064 | $370,459,113,959 | 10% |
| 2012 | $406,750,487,604 | $372,786,509,411 | -5.18% |
| 2013 | $426,580,502,769 | $371,851,835,130 | 4.88% |
| 2014 | $438,556,021,078 | $374,662,287,025 | 2.81% |
| 2015 | $379,546,097,301 | $379,546,097,301 | -13.5% |
| 2016 | $393,687,359,770 | $387,581,921,834 | 3.73% |
| 2017 | $414,926,138,133 | $396,388,751,745 | 5.39% |
| 2018 | $452,582,294,973 | $406,235,924,915 | 9.08% |
| 2019 | $442,983,642,372 | $413,365,268,699 | -2.12% |
| 2020 | $434,397,601,558 | $387,247,796,561 | -1.94% |
| 2021 | $480,467,037,339 | $405,817,601,897 | 10.6% |
| 2022 | $471,773,629,830 | $427,236,226,728 | -1.81% |
| 2023 | $511,685,203,845 | $423,156,280,851 | 8.46% |
| 2024 | $521,642,466,922 | $418,190,370,367 | 1.95% |
Economic Statistics of Austria
Austria
|
Rank | |
|---|---|---|
| Gross domestic product |
$522B
2024 |
31/197 |
| GDP growth |
1.95%
2023-2024 |
164/196 |
| GDP per capita |
$56,833
2024 |
16/197 |
| GDP per capita, PPP |
$71,618
2024 |
21/197 |
| Government debt |
$424B
2024 |
22/185 |
| Debt-to-GDP ratio |
82.9%
2025 |
39/185 |
| Government debt per person |
$46,152
2024 |
10/185 |
| Average annual personal income after taxes |
$38,548
2025 |
20/197 |
| Listed domestic companies |
68
2024 |
62/103 |
| Market capitalization of domestic companies |
$121B
2024 |
37/100 |
| Number of billionaires |
9
2025 |
35/78 |
| Billionaire frequency |
1 in 825,758
2025 |
29/78 |
| Income share by richest 10% |
24.8%
2023 |
119/169 |
| Income share by poorest 10% |
2.8%
2023 |
81/169 |
| Government expenditure, % of GDP |
56.2%
2025 |
10/195 |
| Consumer prices inflation |
2.94%
2023-2024 |
107/195 |
| Unemployment rate |
5.16%
2024 |
100/196 |
| Population |
9171198
|
99/197 |
Austria's GDP per capita
Austria has a GDP per capita of $56,833, ranking 16/197, a GDP per capita based on purchasing power parity (PPP) of $71,618, ranking 21/197, and a median annual after tax income of $38,548, ranking 20/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $940 | - |
| 1961 | $1,037 | - |
| 1962 | $1,093 | - |
| 1963 | $1,173 | - |
| 1964 | $1,275 | - |
| 1965 | $1,381 | - |
| 1966 | $1,494 | - |
| 1967 | $1,577 | - |
| 1968 | $1,686 | - |
| 1969 | $1,834 | - |
| 1970 | $2,051 | - |
| 1971 | $2,372 | - |
| 1972 | $2,913 | - |
| 1973 | $3,875 | - |
| 1974 | $4,613 | - |
| 1975 | $5,265 | - |
| 1976 | $5,656 | - |
| 1977 | $6,784 | - |
| 1978 | $8,173 | - |
| 1979 | $9,755 | - |
| 1980 | $10,827 | - |
| 1981 | $9,348 | - |
| 1982 | $9,373 | - |
| 1983 | $9,500 | - |
| 1984 | $8,956 | - |
| 1985 | $9,136 | - |
| 1986 | $13,032 | - |
| 1987 | $16,329 | - |
| 1988 | $17,510 | - |
| 1989 | $17,401 | - |
| 1990 | $21,596 | $19,383 |
| 1991 | $22,323 | $20,522 |
| 1992 | $24,783 | $21,195 |
| 1993 | $23,987 | $21,632 |
| 1994 | $25,546 | $22,538 |
| 1995 | $30,207 | $23,588 |
| 1996 | $29,646 | $24,418 |
| 1997 | $26,572 | $25,295 |
| 1998 | $27,212 | $26,529 |
| 1999 | $27,079 | $27,500 |
| 2000 | $24,487 | $29,215 |
| 2001 | $24,430 | $29,556 |
| 2002 | $26,335 | $30,952 |
| 2003 | $32,110 | $31,963 |
| 2004 | $36,614 | $33,523 |
| 2005 | $38,157 | $34,777 |
| 2006 | $40,382 | $37,396 |
| 2007 | $46,623 | $39,194 |
| 2008 | $51,581 | $41,047 |
| 2009 | $47,857 | $40,666 |
| 2010 | $46,611 | $41,740 |
| 2011 | $51,117 | $44,172 |
| 2012 | $48,250 | $46,156 |
| 2013 | $50,305 | $47,520 |
| 2014 | $51,315 | $48,355 |
| 2015 | $43,915 | $49,563 |
| 2016 | $45,061 | $52,398 |
| 2017 | $47,164 | $53,870 |
| 2018 | $51,194 | $56,636 |
| 2019 | $49,886 | $60,355 |
| 2020 | $48,716 | $58,523 |
| 2021 | $53,649 | $62,969 |
| 2022 | $52,177 | $70,735 |
| 2023 | $56,034 | $70,479 |
| 2024 | $56,833 | $71,618 |
Austria's government spending, deficit, and chart
This chart shows Austria's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Austria recorded a fiscal deficit in 48 years — average annual deficit equal to -2.91% of GDP. In 2024, government spending reached $294B (56.2% of GDP), with a deficit of -4.08%.
The national debt reached $424B, ranking 22nd out of 185 countries by total size, with a debt-to-GDP ratio of 82.9%, ranking 39th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1880 | 11.4% | 69.6% | -1.4% |
| 1881 | 14.2% | 72.1% | -3.91% |
| 1882 | 11.7% | 72.6% | -1.06% |
| 1883 | 11.8% | 73.6% | -0.69% |
| 1884 | 17.5% | 75.2% | -6.43% |
| 1885 | 12.6% | 79.6% | -0.57% |
| 1886 | 12.7% | 84.1% | -0.43% |
| 1887 | 12.8% | 83.2% | -1.09% |
| 1888 | 12.7% | 82.7% | -0.97% |
| 1889 | 14.3% | 86% | -1.61% |
| 1890 | 13.4% | 85.2% | -0.26% |
| 1891 | 17.2% | 86.2% | -4.01% |
| 1892 | 15% | 90.2% | -0.86% |
| 1893 | 16.1% | 90% | -1.31% |
| 1894 | 15.9% | 87.8% | -1.16% |
| 1895 | 14.2% | 83.5% | 0.36% |
| 1896 | 15.2% | 85.7% | 0.03% |
| 1897 | 16.5% | 86.9% | 0.1% |
| 1898 | 15.8% | 81.5% | -0.17% |
| 1899 | 15% | 78.2% | -0.08% |
| 1900 | 15.6% | 81.1% | -0.05% |
| 1901 | 16.3% | 82.8% | -0.56% |
| 1902 | 16.1% | 79.2% | -0.75% |
| 1903 | 16.1% | 76.3% | -0.97% |
| 1904 | 17.1% | 78.4% | -1.12% |
| 1905 | 15% | 69.5% | -0.71% |
| 1906 | 14.3% | 65.4% | -0.05% |
| 1907 | 17.9% | 63.9% | -2.73% |
| 1908 | 16.9% | 62.8% | -1.24% |
| 1909 | 22.2% | 60.8% | -5.51% |
| 1910 | 17.3% | 67.1% | -0.42% |
| 1911 | 17.1% | 64.6% | 0.03% |
| 1912 | 17.3% | 61.4% | -0.69% |
| 1913 | - | 63.3% | -0.69% |
| 1914 | - | - | -0.69% |
| 1915 | - | - | -0.69% |
| 1916 | - | - | -0.69% |
| 1917 | - | - | -0.69% |
| 1918 | - | - | -0.69% |
| 1919 | - | - | -0.69% |
| 1920 | - | - | -0.69% |
| 1921 | - | - | -0.69% |
| 1922 | - | - | -0.69% |
| 1923 | - | - | -0.69% |
| 1924 | 14.7% | 24.1% | -5.69% |
| 1925 | 13.7% | 21.2% | -4.96% |
| 1926 | 15.6% | 21.5% | -6.18% |
| 1927 | 16.5% | 21.8% | -7.3% |
| 1928 | 16.9% | 16.1% | -7.63% |
| 1929 | 16.5% | 15.4% | -6.83% |
| 1930 | 19.8% | 19.3% | -9.68% |
| 1931 | 22.5% | 21.8% | -11.5% |
| 1932 | 20.1% | 29.5% | -9.16% |
| 1933 | 14.3% | 36.5% | -3.55% |
| 1934 | 16.6% | 39.2% | -5.28% |
| 1935 | 17.2% | 40.4% | -5.46% |
| 1936 | 15.6% | 36.4% | -3.91% |
| 1937 | 14.4% | 35.6% | -2.84% |
| 1938 | - | - | -2.84% |
| 1939 | - | - | -2.84% |
| 1940 | - | - | -2.84% |
| 1941 | - | - | -2.84% |
| 1942 | - | - | -2.84% |
| 1943 | - | - | -2.84% |
| 1944 | - | - | -2.84% |
| 1945 | - | - | -2.84% |
| 1946 | - | - | -2.84% |
| 1947 | - | - | -2.84% |
| 1948 | 32.7% | 34.2% | -9.3% |
| 1949 | 33.8% | 27.7% | -9.23% |
| 1950 | 36.4% | 20.3% | -7.72% |
| 1951 | 26.3% | 15.4% | -1.57% |
| 1952 | 22.1% | 17.1% | -0.73% |
| 1953 | 26.3% | 16.6% | -0.24% |
| 1954 | 24.6% | 13.6% | -0.35% |
| 1955 | 24.2% | 12.2% | -0.5% |
| 1956 | 24.2% | 9.21% | -0.78% |
| 1957 | 25.8% | 8.3% | -0.7% |
| 1958 | 28.4% | 11.4% | -3.52% |
| 1959 | 27.3% | 13.6% | -2.16% |
| 1960 | 36.3% | 17.7% | -0.49% |
| 1961 | 35.7% | 16% | 1.68% |
| 1962 | 37.6% | 15.5% | 1.12% |
| 1963 | 38.6% | 15.6% | -0.5% |
| 1964 | 38.7% | 15.5% | 0.48% |
| 1965 | 38.3% | 14.8% | 1.38% |
| 1966 | 38.7% | 14.1% | 1.73% |
| 1967 | 40.7% | 15.6% | -0.56% |
| 1968 | 40.9% | 16.8% | -0.83% |
| 1969 | 40.7% | 16.8% | -0.08% |
| 1970 | 39.5% | 18.5% | 1.16% |
| 1971 | 40% | 17.3% | 1.46% |
| 1972 | 40.1% | 16.6% | 1.97% |
| 1973 | 41.5% | 16.6% | 1.24% |
| 1974 | 42% | 16.7% | 1.23% |
| 1975 | 46.1% | 22.7% | -2.41% |
| 1976 | 47.9% | 26% | -3.61% |
| 1977 | 47.6% | 28.3% | -2.11% |
| 1978 | 50.8% | 32% | -2.67% |
| 1979 | 49.8% | 33.9% | -2.3% |
| 1980 | 50% | 35.4% | -1.62% |
| 1981 | 51.5% | 37.3% | -1.79% |
| 1982 | 52% | 39.5% | -3.29% |
| 1983 | 52.4% | 43.4% | -4.22% |
| 1984 | 52.6% | 45.8% | -2.67% |
| 1985 | 53.5% | 47.5% | -2.71% |
| 1986 | 54.3% | 51.7% | -3.84% |
| 1987 | 54.5% | 55.2% | -4.33% |
| 1988 | 53.1% | 57.4% | -3.43% |
| 1989 | 51.6% | 56.3% | -3.07% |
| 1990 | 46.8% | 56.2% | -2.58% |
| 1991 | 47.9% | 56.4% | -2.96% |
| 1992 | 49.3% | 56.3% | -2.15% |
| 1993 | 54.3% | 61% | -4.57% |
| 1994 | 54.3% | 64.1% | -5.04% |
| 1995 | 56.1% | 68.2% | -6.17% |
| 1996 | 55.9% | 68.2% | -4.38% |
| 1997 | 52.5% | 63.4% | -2.38% |
| 1998 | 54.4% | 69.2% | -2.68% |
| 1999 | 50.5% | 61.3% | -2.63% |
| 2000 | 50.9% | 66.1% | -2.07% |
| 2001 | 51.8% | 67.2% | -0.71% |
| 2002 | 51.6% | 67.4% | -1.43% |
| 2003 | 51.8% | 66.4% | -1.84% |
| 2004 | 54.3% | 65.9% | -4.94% |
| 2005 | 51.7% | 69.4% | -2.59% |
| 2006 | 50.9% | 68.2% | -2.61% |
| 2007 | 49.7% | 65.8% | -1.56% |
| 2008 | 50.4% | 69.5% | -1.57% |
| 2009 | 54.6% | 80.8% | -5.38% |
| 2010 | 53.4% | 83.7% | -4.46% |
| 2011 | 51.3% | 83.4% | -2.48% |
| 2012 | 51.8% | 82.9% | -2.18% |
| 2013 | 52.4% | 82.4% | -1.99% |
| 2014 | 52.4% | 85.2% | -1.92% |
| 2015 | 51.2% | 85.6% | -0.48% |
| 2016 | 50.6% | 83.4% | -1.45% |
| 2017 | 49.8% | 79.1% | -0.78% |
| 2018 | 49.2% | 74.6% | 0.2% |
| 2019 | 49.1% | 71% | 0.54% |
| 2020 | 57.3% | 83.2% | -8.2% |
| 2021 | 56% | 82.4% | -5.69% |
| 2022 | 53.1% | 78.3% | -3.42% |
| 2023 | 52.6% | 78.4% | -2.61% |
| 2024 | 56.3% | 81.2% | -4.69% |
| 2025 | 56.2% | 82.9% | -4.08% |
Inflation rate by year
Over the past 20 years, Austria has had an average annual inflation rate of 2.58%. In 2024, inflation was 2.94%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1960 | 1.95% |
| 1961 | 3.54% |
| 1962 | 4.38% |
| 1963 | 2.71% |
| 1964 | 3.87% |
| 1965 | 4.93% |
| 1966 | 2.05% |
| 1967 | 3.97% |
| 1968 | 2.76% |
| 1969 | 3.08% |
| 1970 | 4.37% |
| 1971 | 4.7% |
| 1972 | 6.36% |
| 1973 | 7.53% |
| 1974 | 9.52% |
| 1975 | 8.45% |
| 1976 | 7.32% |
| 1977 | 5.49% |
| 1978 | 3.57% |
| 1979 | 3.71% |
| 1980 | 6.33% |
| 1981 | 6.8% |
| 1982 | 5.44% |
| 1983 | 3.34% |
| 1984 | 5.66% |
| 1985 | 3.19% |
| 1986 | 1.71% |
| 1987 | 1.4% |
| 1988 | 1.92% |
| 1989 | 2.57% |
| 1990 | 3.26% |
| 1991 | 3.34% |
| 1992 | 4.02% |
| 1993 | 3.63% |
| 1994 | 2.95% |
| 1995 | 2.24% |
| 1996 | 1.86% |
| 1997 | 1.31% |
| 1998 | 0.92% |
| 1999 | 0.57% |
| 2000 | 2.34% |
| 2001 | 2.65% |
| 2002 | 1.81% |
| 2003 | 1.36% |
| 2004 | 2.06% |
| 2005 | 2.3% |
| 2006 | 1.44% |
| 2007 | 2.17% |
| 2008 | 3.22% |
| 2009 | 0.51% |
| 2010 | 1.81% |
| 2011 | 3.29% |
| 2012 | 2.49% |
| 2013 | 2% |
| 2014 | 1.61% |
| 2015 | 0.9% |
| 2016 | 0.89% |
| 2017 | 2.08% |
| 2018 | 2% |
| 2019 | 1.53% |
| 2020 | 1.38% |
| 2021 | 2.77% |
| 2022 | 8.55% |
| 2023 | 7.81% |
| 2024 | 2.94% |
Balance of trade
|
Austria
|
Rank | |
|---|---|---|
Current account balance
|
$12.6B
2024 |
22/189 |
| Current account balance, % of GDP |
+2.42%
2024 |
49/189 |
| Goods imports |
$196B
2024 |
27/188 |
| Goods exports |
$205B
2024 |
29/188 |
| Service imports |
$88B
2024 |
23/188 |
| Service exports |
$94.3B
2024 |
22/188 |
| Imports of goods and services, % of GDP |
53.6%
2024 |
64/180 |
| Exports of goods and services, % of GDP |
56.9%
2024 |
43/193 |
Austria's top 10 trading partners
Austria's biggest trading partner accounting for 34.9%% of all exports and imports is Germany, with a trade balance between the two of -$12.3B — Austria exports $90.4B worth of goods and services to Germany and imports $103B.
Below is the list of the top 10 trade partners of Austria.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Germany
|
$193B | 34.9% | $90.4B | $103B | Machinery & equipment | Machinery & equipment |
| 2 |
Italy
|
$33B | 5.97% | $16.2B | $16.8B | Machinery & equipment | Machinery & equipment |
| 3 |
United States
|
$27.6B | 4.99% | $19.7B | $7.87B | Machinery & equipment | Chemicals & pharma |
| 4 |
Switzerland
|
$26.9B | 4.87% | $16B | $11B | Chemicals & pharma | Machinery & equipment |
| 5 |
Czech Republic
|
$21.7B | 3.92% | $9.16B | $12.5B | Machinery & equipment | Machinery & equipment |
| 6 |
Netherlands
|
$19.7B | 3.56% | $6.46B | $13.2B | Machinery & equipment | Machinery & equipment |
| 7 |
Poland
|
$19B | 3.44% | $9.67B | $9.37B | Machinery & equipment | Machinery & equipment |
| 8 |
Slovakia
|
$17.8B | 3.21% | $9.52B | $8.26B | Machinery & equipment | Machinery & equipment |
| 9 |
Hungary
|
$16.8B | 3.04% | $9.19B | $7.65B | Machinery & equipment | Machinery & equipment |
| 10 |
France
|
$16B | 2.88% | $9.36B | $6.61B | Machinery & equipment | Machinery & equipment |
Austria's top 10 exports
|
Austria
|
Rank | |
|---|---|---|
| Machinery & equipment | $88.8B | 23/193 |
| Transport & tourism services | $47.1B | 18/188 |
| Chemicals & pharma | $37.7B | 18/193 |
| Metals | $27.3B | 17/192 |
| Business & finance services | $23.1B | 21/188 |
| Textiles & consumer goods | $14B | 23/193 |
| Processed food, beverages & tobacco | $12.4B | 23/192 |
| IT & IP services | $11.7B | 21/183 |
| Wood & paper products | $11.4B | 13/192 |
| Raw materials & minerals | $10.2B | 53/193 |
Austria's top 10 imports
|
Austria
|
Rank | |
|---|---|---|
| Machinery & equipment | $82.7B | 27/193 |
| Transport & tourism services | $37B | 21/188 |
| Chemicals & pharma | $30.7B | 24/193 |
| Textiles & consumer goods | $22.5B | 20/193 |
| Business & finance services | $22.3B | 24/188 |
| Raw materials & minerals | $21.6B | 29/193 |
| Metals | $21B | 21/193 |
| IT & IP services | $11.5B | 20/182 |
| Processed food, beverages & tobacco | $11.4B | 21/193 |
| Wood & paper products | $7.11B | 16/193 |
Economic freedom indices
|
Austria
|
Rank | |
|---|---|---|
| Economic freedom | 69.7 | 38/197 |
| Property rights | 97 | 5/182 |
| Government integrity | 75.4 | 5/182 |
| Judicial effectiveness | 94.8 | 5/182 |
| Tax burden | 46.3 | 179/181 |
| Government spending | 13.5 | 170/180 |
| Fiscal health | 63.7 | 104/181 |
| Business freedom | 81.7 | 27/182 |
| Labor freedom | 81.8 | 2/182 |
| Monetary freedom | 72.7 | 72/180 |
| Trade freedom | 79.6 | 29/181 |
| Investment freedom | 60 | 57/181 |
| Financial freedom | 70 | 16/181 |
Austria's economic freedom by year
Austria is ranked 32/180 for economic freedom with a score of 69.7, compared to 29/163 and a score of 68.8 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 70 | - | 46.3 | 9.6 | - |
| 1996 | 68.9 | - | 45.9 | 0 | - |
| 1997 | 65.2 | - | 46.1 | 1.2 | - |
| 1998 | 65.4 | - | 46.5 | 1.5 | - |
| 1999 | 64 | - | 45.5 | 3.2 | - |
| 2000 | 68.4 | - | 44.2 | 25 | - |
| 2001 | 68.1 | - | 44.2 | 25 | - |
| 2002 | 67.4 | - | 44.5 | 18.9 | - |
| 2003 | 67.6 | - | 45.3 | 18.6 | - |
| 2004 | 67.6 | - | 43.5 | 21 | - |
| 2005 | 68.8 | - | 44.4 | 22.6 | - |
| 2006 | 71.1 | - | 50.2 | 23.2 | - |
| 2007 | 71.6 | - | 50.3 | 24.7 | - |
| 2008 | 71.4 | - | 51.2 | 25.3 | - |
| 2009 | 71.2 | - | 49.9 | 27.1 | - |
| 2010 | 71.6 | - | 51.2 | 28.8 | - |
| 2011 | 71.9 | - | 50.3 | 28 | - |
| 2012 | 70.3 | - | 50.5 | 15.4 | - |
| 2013 | 71.8 | - | 51.1 | 23.5 | - |
| 2014 | 72.4 | - | 51 | 23.5 | - |
| 2015 | 71.2 | - | 50.1 | 19.8 | - |
| 2016 | 71.7 | - | 50.7 | 22.4 | - |
| 2017 | 72.3 | 81.8 | 50.3 | 19.3 | 79.7 |
| 2018 | 71.8 | 80.9 | 49.9 | 19.4 | 81.1 |
| 2019 | 72 | 71.3 | 50.5 | 24.5 | 85.5 |
| 2020 | 73.3 | 73.2 | 51.3 | 27.2 | 87.9 |
| 2021 | 73.9 | 83.5 | 45.7 | 29.1 | 90 |
| 2022 | 73.8 | 94.6 | 45.5 | 20.3 | 71.7 |
| 2023 | 71.1 | 80.9 | 45.7 | 13 | 54.5 |
| 2024 | 68.4 | 94.8 | 45.1 | 8.6 | 36.5 |
| 2025 | 69.7 | 94.8 | 46.3 | 13.5 | 63.7 |
More economic indicators
|
Austria
|
Rank | |
|---|---|---|
| Services, % of GDP |
65.3%
2024 |
44/191 |
| Industry, % of GDP |
23.1%
2024 |
108/194 |
| Agriculture, forestry, and fishing, % of GDP |
1.23%
2024 |
166/193 |
|
GNI, Atlas method
|
$497B
2024 |
31/194 |
| GNI per capita, PPP |
$71,860
2024 |
17/191 |
| Total reserves including gold |
$35.4B
2024 |
53/177 |
|
Net foreign direct investment
|
$1.5B
2024 |
24/188 |
|
Net inflows of foreign direct investment
|
$9.31B
2024 |
36/193 |
|
Net outflows of foreign direct investment
|
$10.8B
2024 |
26/187 |
| Poverty at national poverty lines |
14.8%
2021 |
131/176 |
|
Gross capital formation, % of GDP
|
22.3%
2024 |
99/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
Relevant pages:
Austria topic pages:
Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.