Austria has a nominal GDP of 371.9 billion, which is much less than what I expected for a country like Austria. If we take a look at the other economic indicators such as inflation rate, household spending, or the quarterly GDP change it can be seen that Austria's economy has been growing. The GDP has risen by almost 30 billion over the past 3 years, this "low-point"in 2010 and the fact that it's been growing again was probably due to the housing bubble and market crash in 2008 which probably affected also other European countries. From 2010 to 2012 Austria's GDP has increased by 9.19%, which indicates that over these three years Austria has increased either its: household spending, government spending, investment, or exports; or maybe all of them by a certain value.
Let's take a look at the other factors. 55% of Austria's GDP is household spending, this also has increased by almost 20 billion over three years, which is a good sign of recovery from the financial crisis that struck in 2009. If the household spending increases it means that the households have more money to spend hence gain more money or have a higher profit. Austria's investment is 21% of it's GDP and obviously has increased over the past three years from 68.3 billion to 79.8 billion, again this is a good sign as it indicates that Austria's economy has been growing because it has more money to spend on investments. Its government expenditure on the other hand is 19% of the nation's GDP and just as all the other indicators it has increase over the three-year time period; again a sign of growth and prosperity. Finally Austria's (X-M) is 5% of it's GDP which means it's 18.595 billion dollars worth of product exported. Just as all the other indicators this has increased over the past three years because obviously if the GDP increased also the exports increased, meaning that the country is slowly recovering from the financial crisis in 2008. Overall the Austria's economy is growing quickly, or perhaps only recovering quickly from the 2008 bubble crash.
| Austria GDP | Austria C | Austria I | Austria G | Austria (X-M) | |
| 371.9 | 204.8= 55% | 79.8= 21% | 70.7=19% | 5%= 18.595 | |
