Industry Sector Contribution to GDP in Austria (1990-2022)

Industry Sector Contribution to GDP in Austria (1990-2022)

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TGM StatBox. (2024). Industry Sector Contribution to GDP in Austria (1990-2022). TGM StatBox.
Chart Details
Timeframe: 1990-2022
Country: Austria
Published date: 2024
Note: Industry (% of GDP), according to World Development Indicators, measures the contribution of the industrial sector to a country's Gross Domestic Product (GDP). This metric reflects the economic significance of manufacturing, mining, construction, and utilities, indicating the value generated by industrial activities relative to the overall economy.
Key Takeaways
Austria’s industry sector has consistently contributed between 25% and 30% to GDP since the 1990s, reflecting a balanced economy with a robust industrial base. In 1990, industry made up 29.6% of GDP, slightly declining to around 27% by the mid-2000s. This shift reflects the rise of Austria’s service sector alongside moderate industrial output growth. During the 2009 global recession, industry’s share dropped to 25.8% but gradually stabilized as the economy recovered, returning to approximately 26% by 2022. Austria’s steady industrial contribution underscores its diversified industrial base, with manufacturing, machinery, and automotive sectors serving as key drivers of the economy.

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