The Austrian GDP composition by sector in 2023 shows a dominant services sector contributing 44.26%, followed by mining, manufacturing, and utilities at 21.36%. The wholesale, retail trade, restaurants, and hotels industry represents 17.59% of the GDP. Transport, storage, and communication account for 9.17%, construction 6.39%, and agriculture, hunting, forestry, and fishing comprise 1.24%.
Future trends to watch for include:
- The services sector is expected to continue growing, driven by digital transformation and tourism recovery.
- Renewed focus on sustainable practices may bolster the agriculture and forestry sectors.
- Technological advancements and environmental policies might impact the industrial and utility sectors.
- Infrastructure development will likely support growth in construction and transportation industries.
Top countries in GDP Composition by Sector
| # | 6 Countries | Percent | Last Year | |
|---|---|---|---|---|
| 1 | 1 Services | 44.26 | 2016 | |
| 2 | 2 Mining, Manufacturing, Utilities | 21.36 | 2016 | |
| 3 | 3 Wholesale, retail trade, restaurants and hotels | 17.59 | 2016 | |
| 4 | 4 Transport, storage and communication | 9.17 | 2016 | |
| 5 | 5 Construction | 6.39 | 2016 | |
| 6 | 6 Agriculture, hunting, forestry, fishing | 1.24 | 2016 |
