household debts in Austria

Gross debt in Austria

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Austria in the period from 1998 to 2021 was between 130.5 billion and 395.1 billion USD. The highest level of the last years at 395 billion US Dollar was reached in 2021. The budget deficit in the same year was 28.2 billion USD.

Based on the number of inhabitants, this is a debt of 44,119 USD per person. For comparison, the average debt per person in the same year in the European Union was 33,695 USD.

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Gross debt of the last 23 years in billion USD

YearAustria totalAustria per capitaEU per capita
1998137.40 bn USD17,225 USD14,079 USD
1999141.78 bn USD17,740 USD14,032 USD
2000130.45 bn USD16,283 USD11,232 USD
2001131.79 bn USD16,387 USD11,255 USD
2002143.07 bn USD17,702 USD12,258 USD
2003172.72 bn USD21,267 USD15,286 USD
2004196.52 bn USD24,048 USD17,595 USD
2005216.98 bn USD26,371 USD18,327 USD
2006226.35 bn USD27,374 USD18,877 USD
2007253.10 bn USD30,510 USD20,898 USD
2008296.82 bn USD35,669 USD24,086 USD
2009320.82 bn USD38,453 USD25,361 USD
2010324.39 bn USD38,787 USD26,496 USD
2011355.91 bn USD42,413 USD29,231 USD
2012335.39 bn USD39,785 USD28,174 USD
2013349.60 bn USD41,227 USD29,981 USD
2014371.98 bn USD43,525 USD30,648 USD
2015324.27 bn USD37,519 USD25,918 USD
2016327.91 bn USD37,533 USD26,261 USD
2017327.56 bn USD37,233 USD27,024 USD
2018337.08 bn USD38,129 USD28,448 USD
2019314.09 bn USD35,370 USD27,168 USD
2020360.93 bn USD40,478 USD30,783 USD
2021395.12 bn USD44,119 USD33,695 USD

Comparison of gross debt per capita with the European Union in U.S. dollars

      Austria       European Union

Budget deficit in Austria

household debts in AustriaThe budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurance, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money than at at the beginning, it is a surplus. If it is less, it is called a deficit.

The budget balance in Austria in the period between 1998 and 2021 varied between -34.86 billion euros and +2.72 billion euros. In 2021, Austria reached a balance of -28.23 billion euros.

In ratio to population, this equals a new indebtedness of 3,152 euros per capita in Austria in 2021. For comparison, the average debt per capita in the European Union in the same year was 1,787 euros.

Budget deficit and surplus in the last 23 years

YearAustria totalAustria per capitaEU per capita
1998-4.95 bn USD-621 USD-398 USD
1999-4.78 bn USD-598 USD-204 USD
2000-3.23 bn USD-403 USD112 USD
2001-0.09 bn USD-12 USD-299 USD
2002-1.48 bn USD-183 USD-565 USD
2003-3.83 bn USD-472 USD-840 USD
2004-14.35 bn USD-1,756 USD-920 USD
2005-8.03 bn USD-976 USD-822 USD
2006-8.53 bn USD-1,031 USD-568 USD
2007-5.27 bn USD-636 USD-360 USD
2008-6.46 bn USD-776 USD-1,085 USD
2009-21.41 bn USD-2,566 USD-2,021 USD
2010-17.42 bn USD-2,083 USD-1,970 USD
2011-11.02 bn USD-1,314 USD-1,462 USD
2012-8.96 bn USD-1,063 USD-1,220 USD
2013-8.39 bn USD-989 USD-1,027 USD
2014-12.08 bn USD-1,413 USD-852 USD
2015-3.86 bn USD-446 USD-577 USD
2016-6.07 bn USD-695 USD-423 USD
2017-3.41 bn USD-387 USD-263 USD
20180.77 bn USD88 USD-139 USD
20192.72 bn USD306 USD-197 USD
2020-34.86 bn USD-3,909 USD-2,312 USD
2021-28.23 bn USD-3,152 USD-1,787 USD

(negative numbers = deficit)
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