Austria's GDP grows 4.5 pct in 2021-Xinhua

Austria's GDP grows 4.5 pct in 2021

Source: Xinhua

Editor: huaxia

2022-03-04 23:58:13

Photo taken on Feb. 28, 2022 shows a view of the Belvedere Garden in Vienna, Austria. (Xinhua/Guo Chen)

Thomas said Austria's economy last year failed to return to pre-pandemic levels. The country's GDP in 2021 was 97.4 percent of that in 2019.

VIENNA, March 4 (Xinhua) -- Austria's gross domestic product (GDP) grew by 4.5 percent year-on-year in real terms in 2021 to 403.4 billion euros (440.2 billion U.S. dollars), Statistics Austria said here on Friday.

The country's economic expansion last year was driven by growth in almost all sectors, said Tobias Thomas, director general of Statistics Austria.

 Photo taken on Nov. 22, 2021 shows a closed cafe at a shopping street in Vienna, Austria.  (Xinhua/Guo Chen)

The manufacturing sector registered the strongest annual growth of 8.7 percent, while the sectors of business-related services and trade rose 7.7 percent and 7.3 percent, respectively.

However, accommodation and gastronomy shrank by 15.9 percent in 2021 compared to the previous year due to the COVID-19-induced lockdown measures.

 A woman shops at the Christmas market in Vienna, Austria, Nov. 15, 2021. (Xinhua/Guo Chen)

Thomas said Austria's economy last year failed to return to pre-pandemic levels. The country's GDP in 2021 was 97.4 percent of that in 2019. 

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