Government Consumption in Austria
The economy of Austria recorded an average growth rate of 1.5% in government consumption in the decade leading up to 2022. This is in line with the 1.5% average for the Euro Area. In 2022, government consumption growth in Austria was 0.1%.
Austria Government Consumption Chart
Note: This chart displays Government Consumption (ann. var. %) for Austria from 2014 to 2023.
Source: Macrobond.
Austria Government Consumption Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Government Consumption (ann. var. %) | 1.2 | -0.8 | 7.7 | -0.6 | 1.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Austrian government consumption projections for the next ten years from a panel of 8 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 government consumption forecast available for Austrian government consumption.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Austrian government consumption projections.
Want to get access to the full dataset of Austrian government consumption forecasts? Send an email to info@focus-economics.com.