Real GDP at Constant National Prices for Austria
RGDPNAATA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
476,723.31
Year-over-Year Change
13.86%
Date Range
1/1/1950 - 1/1/2019
Summary
The 'Real GDP at Constant National Prices for Austria' series measures the total inflation-adjusted economic output of Austria. This broad indicator is widely used by economists and policymakers to assess the overall health and growth of the Austrian economy.
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
Real GDP is a macroeconomic measure that adjusts the total value of all goods and services produced in Austria for the effects of inflation. It provides a comprehensive view of the nation's economic performance and is a key input for analyzing economic trends, formulating policies, and forecasting future growth.
Methodology
The data is collected and calculated by the U.S. Federal Reserve using national accounts information.
Historical Context
Real GDP is a critical metric for monetary and fiscal policy decisions, as well as analysis of Austria's economic competitiveness and trade position.
Key Facts
- Austria's real GDP was $462 billion in 2021.
- Real GDP grew by 4.5% in Austria in 2021.
- Austria's real GDP per capita was $51,700 in 2021.
FAQs
Q: What does this economic trend measure?
A: The 'Real GDP at Constant National Prices for Austria' series measures the total inflation-adjusted economic output of Austria. It provides a comprehensive view of the nation's economic performance.
Q: Why is this trend relevant for users or analysts?
A: Real GDP is a critical indicator used by economists, policymakers, and analysts to assess the overall health and growth of the Austrian economy. It informs economic policy decisions and analysis of Austria's competitiveness.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the U.S. Federal Reserve using national accounts information.
Q: How is this trend used in economic policy?
A: Real GDP is a key metric for monetary and fiscal policy decisions, as well as analysis of Austria's economic competitiveness and trade position.
Q: Are there update delays or limitations?
A: The data is updated quarterly by the U.S. Federal Reserve and may have a short publication delay.
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Citation
U.S. Federal Reserve, Real GDP at Constant National Prices for Austria (RGDPNAATA666NRUG), retrieved from FRED.