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Economy of Austria vs Romania compared: GDP & Debt

Updated on by Georank

Austria has a GDP of $579B compared to $429B for Romania, ranking 29/197 and 39/197 by economy size, respectively.

Austria has $466B in government debt (80.5% of GDP), compared to $260B (60.6% of GDP) in Romania.

Austria vs Romania GDP by year

Austria
Romania
1x
Year GDP, current $
Austria Romania
2025 $579,470,021,095 $428,677,977,855
2024 $534,790,720,467 $382,564,217,989
2023 $516,670,509,629 $347,757,995,759
2022 $473,221,298,968 $295,317,862,856
2021 $480,466,363,177 $285,072,444,957
2020 $434,397,601,558 $250,624,575,872
2019 $442,983,642,372 $250,080,428,512
2018 $452,582,294,973 $241,791,427,224
2017 $414,926,138,133 $210,147,385,855
2016 $393,687,359,770 $185,290,759,249
2015 $379,546,097,301 $177,885,131,240
2014 $438,556,021,078 $199,722,319,676
2013 $426,580,502,769 $189,798,603,751
2012 $406,750,487,604 $179,117,323,107
2011 $428,954,737,064 $192,623,977,894
2010 $389,827,789,218 $170,064,350,672
2009 $399,290,118,782 $174,110,532,659
2008 $429,234,399,096 $214,315,932,061
2007 $386,760,177,589 $174,588,782,939
2006 $333,905,979,332 $122,023,735,993
2005 $313,952,317,331 $98,454,380,120
2004 $299,210,411,455 $74,973,656,852
2003 $260,779,834,340 $57,806,384,143
2002 $212,837,224,023 $46,065,502,703
2001 $196,477,206,829 $40,395,116,581
2000 $196,181,599,831 $37,253,739,511
1999 $216,421,809,126 $35,953,156,754
1998 $217,068,085,816 $41,696,091,974
1997 $211,724,812,267 $35,575,214,078
1996 $235,952,581,232 $36,937,074,278
1995 $240,094,169,510 $37,430,162,103
1994 $202,738,023,130 $30,072,805,104
1993 $189,634,029,339 $26,361,160,450
1992 $194,314,032,056 $25,121,666,667
1991 $173,113,449,617 $28,850,634,900
1990 $165,811,372,383 $38,247,882,300
1989 $132,584,448,258 $41,450,777,202
1988 $132,817,124,707 $40,424,528,302
1987 $123,682,091,859 $38,067,567,568
1986 $98,648,254,169 -
1985 $69,114,996,010 -
1984 $67,719,055,773 -
1983 $71,838,528,420 -
1982 $70,996,111,963 -
1981 $70,755,997,062 -
1980 $81,737,498,405 -
1979 $73,647,694,287 -
1978 $61,809,208,756 -
1977 $51,343,861,460 -
1976 $42,791,707,448 -
1975 $39,902,300,703 -
1974 $35,051,468,640 -
1973 $29,399,860,145 -
1972 $21,973,207,929 -
1971 $17,788,536,733 -
1970 $15,312,791,744 -
1969 $13,647,475,854 -
1968 $12,499,863,917 -
1967 $11,634,569,522 -
1966 $10,939,526,219 -
1965 $10,041,659,445 -
1964 $9,213,648,656 -
1963 $8,414,050,621 -
1962 $7,793,042,529 -
1961 $7,346,566,038 -
1960 $6,624,086,313 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

GDP per capita in Austria vs Romania by year

Austria
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Austria Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $62,930 - $22,538 -
2024 $58,269 $73,911 $20,080 $49,077
2023 $56,580 $73,545 $18,244 $45,982
2022 $52,337 $72,065 $15,503 $41,979
2021 $53,649 $62,969 $14,908 $37,534
2020 $48,716 $58,523 $13,009 $34,194
2019 $49,886 $60,355 $12,910 $33,425
2018 $51,194 $56,636 $12,416 $29,383
2017 $47,164 $53,870 $10,728 $26,943
2016 $45,061 $52,398 $9,405 $23,905
2015 $43,915 $49,549 $8,977 $21,625
2014 $51,315 $48,355 $10,032 $20,633
2013 $50,305 $47,520 $9,498 $19,678
2012 $48,250 $46,156 $8,930 $19,808
2011 $51,117 $44,172 $9,561 $18,804
2010 $46,611 $41,735 $8,400 $17,355
2009 $47,857 $40,687 $8,548 $16,641
2008 $51,581 $41,047 $10,435 $16,782
2007 $46,623 $39,192 $8,360 $13,703
2006 $40,382 $37,388 $5,758 $11,554
2005 $38,157 $34,777 $4,618 $9,602
2004 $36,614 $33,519 $3,495 $8,989
2003 $32,110 $31,959 $2,679 $7,559
2002 $26,335 $30,952 $2,120 $7,162
2001 $24,430 $29,553 $1,825 $6,520
2000 $24,487 $29,221 $1,660 $5,850
1999 $27,079 $27,500 $1,600 $5,596
1998 $27,212 $26,531 $1,853 $5,545
1997 $26,572 $25,301 $1,577 $5,564
1996 $29,646 $24,427 $1,633 $5,746
1995 $30,207 $23,604 $1,650 $5,429
1994 $25,546 $22,553 $1,323 $4,995
1993 $23,987 $21,647 $1,158 $4,699
1992 $24,783 $21,209 $1,102 $4,515
1991 $22,323 $20,536 $1,254 $4,795
1990 $21,596 $19,396 $1,648 $5,280
1989 $17,401 - $1,790 -
1988 $17,510 - $1,753 -
1987 $16,329 - $1,659 -
1986 $13,032 - - -
1985 $9,136 - - -
1984 $8,956 - - -
1983 $9,500 - - -
1982 $9,373 - - -
1981 $9,348 - - -
1980 $10,827 - - -
1979 $9,755 - - -
1978 $8,173 - - -
1977 $6,784 - - -
1976 $5,656 - - -
1975 $5,265 - - -
1974 $4,613 - - -
1973 $3,875 - - -
1972 $2,913 - - -
1971 $2,372 - - -
1970 $2,051 - - -
1969 $1,834 - - -
1968 $1,686 - - -
1967 $1,577 - - -
1966 $1,494 - - -
1965 $1,381 - - -
1964 $1,275 - - -
1963 $1,173 - - -
1962 $1,093 - - -
1961 $1,037 - - -
1960 $940 - - -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

Austria's GDP per capita is $62,930, ranking 16/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Austria ranks 19th at $73,911, while Romania ranks 47th at $49,077.

Economic indicators

Austria Romania
Gross domestic product
$579B
2025
$429B
2025
GDP rank
29/197
2025
39/197
2025
GDP growth
0.62%
2024-2025
0.68%
2024-2025
GDP per capita
$62,930
2025
$22,538
2025
GDP per capita rank
16/197
2025
57/197
2025
GDP per capita, PPP
$73,911
2024
$49,077
2024
GDP per capita PPP rank
19/197
2024
47/197
2024
Government debt
$466B
2025
$260B
2025
Debt-to-GDP ratio
80.5%
2025
60.6%
2025
Government debt per person
$50,654
2025
$13,650
2025
Government debt per person rank
10/185
2025
48/185
2025
Average annual personal income after taxes
$38,467
2026
$13,510
2026
Market capitalization of domestic companies
$211B
2025
$70.9B
2025
Number of billionaires
9
2026
6
2026
Income share by richest 10%
24.8%
2023
21.8%
2023
Income share by poorest 10%
2.8%
2023
2.4%
2023
Government expenditure, % of GDP
55.2%
2025
40.5%
2025
Consumer prices inflation
3.53%
2024-2025
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
5.78%
2025
6.1%
2025
Population
9201502
18912567

Spending and national debt comparison by year

Austria
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Austria Romania
Government spending Government debt Government spending Government debt
2025 55.2% 80.5% 40.5% 60.6%
2024 55.2% 79.2% 40% 57.5%
2023 52.2% 77.8% 37% 52.6%
2022 53% 78.1% 37.5% 51.9%
2021 56% 82.4% 37.2% 51.8%
2020 57.3% 83.2% 38.3% 49.5%
2019 49.1% 71% 33.4% 36.8%
2018 49.2% 74.6% 31.9% 36.4%
2017 49.8% 79.1% 31% 37.1%
2016 50.6% 83.4% 31.8% 39.5%
2015 51.2% 85.6% 34.2% 39.4%
2014 52.4% 85.2% 33.8% 40.5%
2013 52.4% 82.4% 34.2% 39.3%
2012 51.8% 82.9% 33.5% 36.2%
2011 51.3% 83.4% 35% 32.6%
2010 53.4% 83.7% 37.4% 30.2%
2009 54.6% 80.8% 36.3% 22.5%
2008 50.4% 69.5% 35.3% 13%
2007 49.7% 65.8% 34.6% 12.4%
2006 50.9% 68.2% 33.9% 12.7%
2005 51.7% 69.4% 32.3% 17.8%
2004 54.3% 65.9% 33.7% 21.3%
2003 51.8% 66.4% 31.8% 24.9%
2002 51.6% 67.4% 32.1% 27.4%
2001 51.8% 67.2% 33.2% 27.4%
2000 50.9% 66.1% 35% 29.6%
1999 50.5% 61.3% 35.1% 21.7%
1998 54.4% 69.2% 34.7% 16.5%
1997 52.5% 63.4% 33.5% 15%
1996 55.9% 68.2% 33.5% 11%
1995 56.1% 68.2% 34.4% 6.91%
1994 54.3% 64.1% 33.1% -
1993 54.3% 61% 33.5% -
1992 49.3% 56.3% 41.5% -
1991 47.9% 56.4% 38.3% -
1990 46.8% 56.2% 38.4% -
1989 51.6% 56.6% 40.1% -
1988 53.1% 57.7% 36.6% -
1987 54.5% 55.5% 40.7% -
1986 54.3% 52% 42.5% -
1985 53.5% 47.8% 41.6% -
1984 52.6% 46% 28.6% -
1983 52.4% 43.7% 25.8% -
1982 52% 39.7% 28.5% -
1981 51.5% 37.5% 30.4% -
1980 50% 35.6% 33.6% -
1979 49.8% 34.1% 42% -
1978 50.8% 32.2% 42.1% -
1977 47.6% 28.5% 39.9% -
1976 47.9% 26.2% 37.5% -
1975 46.1% 22.8% 40.6% -
1974 42% 16.8% 37.6% -
1973 41.5% 16.7% 32.6% -
1972 40.1% 16.7% 29.9% -
1971 40% 17.4% 27.2% -
1970 39.5% 18.6% 28.1% -
1969 40.7% 16.8% 32.1% -
1968 40.9% 16.8% 31.8% -
1967 40.7% 15.6% 30.6% -
1966 38.7% 14.1% 27.3% -
1965 38.3% 14.8% 25.6% -
1964 38.7% 15.5% 25.1% -
1963 38.6% 15.6% 23.1% -
1962 37.6% 15.5% 43.4% -
1961 35.7% 16% - -
1960 36.3% 17.7% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1999, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

In 2025, Austria's government spending was $320B, accounting for 55.2% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 80.5% in Austria and 60.6% in Romania, ranking 42/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Austria

Romania
1x
Year Deficit/surplus, % of GDP
Austria Romania
2025 -4.52% -7.64%
2024 -4.68% -8.68%
2023 -2.59% -5.66%
2022 -3.41% -5.85%
2021 -5.69% -6.74%
2020 -8.2% -9.6%
2019 0.54% -4.58%
2018 0.2% -2.76%
2017 -0.78% -2.86%
2016 -1.45% -2.5%
2015 -0.48% -1.35%
2014 -1.92% -1.76%
2013 -1.99% -2.44%
2012 -2.18% -2.39%
2011 -2.48% -4.14%
2010 -4.46% -6.22%
2009 -5.38% -6.86%
2008 -1.57% -4.6%
2007 -1.56% -3.05%
2006 -2.61% -1.36%
2005 -2.59% -0.69%
2004 -4.94% -3.39%
2003 -1.84% -2.29%
2002 -1.43% -2.59%
2001 -0.71% -3.2%
2000 -2.07% -3.99%
1999 -2.63% -3.58%
1998 -2.68% -5.33%
1997 -2.38% -5.19%
1996 -4.38% -4.74%
1995 -6.17% -3.32%
1994 -5.04% -2.2%
1993 -4.57% -0.35%
1992 -2.15% -4.55%
1991 -2.96% 3.23%
1990 -2.58% 1.03%
1989 -3.07% -2.87%
1988 -3.43% 8.4%
1987 -4.33% 2.37%
1986 -3.84% 5.72%
1985 -2.71% 6.36%
1984 -2.67% 15.2%
1983 -4.22% 9.35%
1982 -3.29% 0.36%
1981 -1.79% 0.61%
1980 -1.62% -1.95%
1979 -2.3% 0%
1978 -2.67% 0%
1977 -2.11% 0.23%
1976 -3.61% 0.66%
1975 -2.41% 0.41%
1974 1.23% 0.51%
1973 1.24% 1.53%
1972 1.97% 1.21%
1971 1.46% 0.89%
1970 1.16% 0.52%
1969 -0.08% 0.93%
1968 -0.83% 1.65%
1967 -0.56% 1.23%
1966 1.73% 0.91%
1965 1.38% -1.29%
1964 0.48% -3.11%
1963 -0.5% -1.61%
1962 1.12% -4.86%
1961 1.68% -
1960 -0.49% -
1959 -2.16% -
1958 -3.52% -
1957 -0.7% -
1956 -0.78% -
1955 -0.5% -
1954 -0.35% -
1953 -0.24% -
1952 -0.73% -
1951 -1.57% -
1950 -7.72% -
1949 -9.23% -
1948 -9.3% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 - -
1938 - -
1937 -2.84% -
1936 -3.91% -
1935 -5.46% -
1934 -5.28% -
1933 -3.55% -
1932 -9.16% -
1931 -11.5% -
1930 -9.68% -
1929 -6.83% -
1928 -7.63% -
1927 -7.3% -
1926 -6.18% -
1925 -4.96% -
1924 -5.69% -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 - -
1912 -0.69% -
1911 0.03% -
1910 -0.42% -
1909 -5.51% -
1908 -1.24% -
1907 -2.73% -
1906 -0.05% -
1905 -0.71% -
1904 -1.12% -
1903 -0.97% -
1902 -0.75% -
1901 -0.56% -
1900 -0.05% -
1899 -0.08% -
1898 -0.17% -
1897 0.1% -
1896 0.03% -
1895 0.36% -
1894 -1.16% -
1893 -1.31% -
1892 -0.86% -
1891 -4.01% -
1890 -0.26% -
1889 -1.61% -
1888 -0.97% -
1887 -1.09% -
1886 -0.43% -
1885 -0.57% -
1884 -6.43% -
1883 -0.69% -
1882 -1.06% -
1881 -3.91% -
1880 -1.4% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

In 2025, Austria's government deficit, the difference between spending and revenue, was $26.2B, equivalent to 4.52% of GDP. This compares to Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Austria recorded a fiscal deficit in 37 of those years, while Romania ran a deficit in 35 years. On average, Austria posted an annual deficit equal to 2.95% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Austria

Romania
1x
Year Consumer prices inflation
Austria Romania
2025 3.53% 7.3%
2024 2.94% 5.6%
2023 7.81% 10.4%
2022 8.55% 13.8%
2021 2.77% 5%
2020 1.38% 2.6%
2019 1.53% 3.8%
2018 2% 4.6%
2017 2.08% 1.3%
2016 0.89% -1.6%
2015 0.9% -0.6%
2014 1.61% 1.1%
2013 2% 4%
2012 2.49% 3.3%
2011 3.29% 5.8%
2010 1.81% 6.1%
2009 0.51% 5.6%
2008 3.22% 7.8%
2007 2.17% 4.8%
2006 1.44% 6.6%
2005 2.3% 9%
2004 2.06% 11.9%
2003 1.36% 15.4%
2002 1.81% 22.5%
2001 2.65% 34.5%
2000 2.34% 45.7%
1999 0.57% 45.8%
1998 0.92% 59.1%
1997 1.31% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

Over the past 29 years, Austria has recorded an average annual inflation rate of 2.35%, compared with 17.1% in Romania. In 2025, inflation was 3.53% in Austria and 7.3% in Romania.

Top exports between countries

Austria
Export category Export value
Machinery & equipment $1.99B
Transport & tourism services $697M
Chemicals & pharma $649M
Metals $497M
Business & finance services $461M
Processed food, beverages & tobacco $322M
IT & IP services $312M
Textiles & consumer goods $281M
Wood & paper products $205M
Raw materials & minerals $183M
Romania
Export category Export value
Machinery & equipment $1.2B
Transport & tourism services $1.01B
Business & finance services $303M
Textiles & consumer goods $297M
Metals $256M
Manufacturing & construction services $201M
IT & IP services $146M
Processed food, beverages & tobacco $145M
Chemicals & pharma $95.1M
Wood & paper products $69.5M

Balance of trade

Austria Romania
Current account balance
$10.4B
2025
-$33.9B
2025
Current account balance ranking
24/190
2025
186/190
2025
Current account balance, % of GDP
+1.79%
2025
-7.9%
2025
Goods imports
$208B
2025
$139B
2025
Goods exports
$214B
2025
$102B
2025
Service imports
$98.3B
2025
$35.9B
2025
Service exports
$105B
2025
$50.1B
2025
Imports of goods and services, % of GDP
52.3%
2025
40.7%
2025
Exports of goods and services, % of GDP
54.7%
2025
35.5%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Austria Romania
Economic freedom 69.8 65.4
Economic freedom ranking 38/197 64/197
Property rights 95.7 81
Government integrity 75 50
Judicial effectiveness 94.8 67
Tax burden 45.7 89.1
Government spending 12.8 56.7
Fiscal health 67.1 21.4
Business freedom 78.7 74.4
Labor freedom 81.6 63.6
Monetary freedom 76.4 72.7
Trade freedom 79.4 79.4
Investment freedom 60 70
Financial freedom 70 60

Economic freedom comparison by year

Austria
Romania
1x
Year Economic freedom index
Austria Romania
2026 69.8 65.4
2025 69.7 66.5
2024 68.4 64.4
2023 71.1 64.5
2022 73.8 67.1
2021 73.9 69.5
2020 73.3 69.7
2019 72 68.6
2018 71.8 69.4
2017 72.3 69.7
2016 71.7 65.6
2015 71.2 66.6
2014 72.4 65.5
2013 71.8 65.1
2012 70.3 64.4
2011 71.9 64.7
2010 71.6 64.2
2009 71.2 63.2
2008 71.4 61.7
2007 71.6 61.2
2006 71.1 58.2
2005 68.8 52.1
2004 67.6 50
2003 67.6 50.6
2002 67.4 48.7
2001 68.1 50
2000 68.4 52.1
1999 64 50.1
1998 65.4 54.4
1997 65.2 50.8
1996 68.9 46.2
1995 70 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

The Economic Freedom Index for Austria is 69.8, ranking 38/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Austria Romania
Services, % of GDP
64.1%
2025
61.7%
2025
Industry, % of GDP
24%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
1.26%
2025
3%
2025
GNI, Atlas method
$556B
2025
$384B
2025
GNI per capita, PPP
$77,010
2025
$49,550
2025
Total reserves including gold
$53.4B
2025
$90.6B
2025
Total reserves ranking
46/177
2025
31/177
2025
Net foreign direct investment
$5.61B
2025
-$8.57B
2025
Net inflows of foreign direct investment
$13.7B
2024
$7.16B
2024
Net outflows of foreign direct investment
$13.8B
2024
$1.99B
2024
Poverty at national poverty lines
14.8%
2021
19%
2023
Gross capital formation, % of GDP
23.7%
2025
25.9%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/austria/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.