Austria recorded a Government Budget deficit equal to 3.50 percent of the country's Gross Domestic Product in 2022. Government Budget in Austria averaged -2.72 percent of GDP from 1995 until 2023, reaching an all time high of 0.60 percent of GDP in 2019 and a record low of -8.00 percent of GDP in 2020. source: Statistics Austria
Government Budget in Austria is expected to reach -2.80 percent of GDP by the end of 2023, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Government Budget is projected to trend around -2.50 percent of GDP in 2024 and -2.20 percent of GDP in 2025, according to our econometric models.