Domestic Demand in Austria
Austria's economy recorded an average growth rate of 1.3% in domestic demand in the decade to 2022, in line with the 1.3% Euro Area average. In 2022, domestic demand growth was 2.6%.
Austria Demand Chart
Note: This chart displays Domestic Demand (ann. var. %) for Austria from 2014 to 2023.
Source: Macrobond.
Austria Demand Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Domestic Demand (ann. var. %) | 0.8 | -5.7 | 7.1 | 3.6 | -3.3 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian demand projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable demand forecast available for Austrian demand.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian demand projections.
Want to get access to the full dataset of Austrian demand forecasts? Send an email to info@focus-economics.com.