WAM
09 Mar 2026, 23:15 GMT+10
VIENNA, 9th March, 2026 (WAM) -- Austria's Gross Domestic Product (GDP) grew by 0.6% in 2025, surpassing forecasts from economic institutes that had predicted 0.5% growth. This recovery follows two consecutive years of contraction.
Latest official data from Statistics Austria confirms that the Austrian economy has rebounded after the recessions experienced during 2023 and 2024.
Manuela Linke, Director General of Statistics Austria, stated that a slight economic recovery became evident in 2025 following the two-year decline. According to preliminary calculations, the nominal GDP is expected to have reached approximately 512.8 billion in 2025.
Figures from Statistics Austria show that the services sector significantly contributed to the recovery with a 1% increase. The trade, transport, and accommodation sectors recorded modest growth of 0.1%, coinciding with a notable rise in investment activity and consumer spending. Conversely, the construction sector contracted by 2.9%, while manufacturing fell by 1.2%.
The agency noted that the foreign trade sector did not contribute significantly to the recovery. This was due to a substantial 1.7% increase in imports during 2025, compared to limited export growth of just 0.3%.
Get a daily dose of Milwaukee Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Milwaukee Sun.
More InformationI think that this war is terrible, said Maggie Morales, a New Yorker. We know that this is something that only benefits him (President...
WASHINGTON, D.C.: The Trump administration has drafted strict new guidelines for civilian artificial intelligence contracts that would...
NASHVILLE, Tennessee: A reporter for a Spanish-language news outlet in Tennessee was arrested by U.S. Immigration and Customs Enforcement,...
WASHINGTON, D.C.: The new postmaster general of the U.S. Postal Service had warned in an interview that, unless Congress lifts a decades-old...
CLEVELAND, Ohio: The mother of two young girls who buried their bodies after stuffing them in suitcases in Cleveland was charged on...
WASHINGTON, D.C.: A Florida handyman, Andrew Paul Johnson, who U.S. President Donald Trump had pardoned for storming the Capitol on...
CLEVELAND, Ohio: The mother of two young girls who buried their bodies after stuffing them in suitcases in Cleveland was charged on...
WASHINGTON, D.C.: A Florida handyman, Andrew Paul Johnson, who U.S. President Donald Trump had pardoned for storming the Capitol on...
WASHINGTON, D.C. The Supreme Court has allowed California schools to tell parents if their children identify as transgender without...
(Photo credit: Rob Kinnan-Imagn Images) Duke remains in the No. 1 team in the Associated Press men's basketball top 25 poll entering...
(Photo credit: Mark Hoffman / Milwaukee Journal Sentinel / USA TODAY NETWORK via Imagn Images) The Miami Dolphins appear to have...
(Photo credit: Stephen R. Sylvanie-Imagn Images) The Las Vegas Raiders are re-signing cornerback Eric Stokes to a three-year, $30...
