Gross Domestic Product (GDP) measures the total economic output of a country. It represents the monetary value of all finished goods and services produced within a country's borders in a specific time period.

What is the debt-to-GDP ratio?

The debt-to-GDP ratio is a measure of a country's public debt in relation to its Gross Domestic Product. It indicates the country's ability to pay back its debt and is expressed as a percentage.

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Austria plans to bring budget deficit within 3% of GDP next year

Published by Uma Rajagopal

Posted on October 12, 2022

1 min read

Last updated: February 3, 2026

Aerial view of Vienna showcasing economic recovery efforts post-lockdown - Global Banking & Finance Review — The image depicts an aerial view of Vienna, reflecting the city's economic recovery as Austria aims to reduce its budget deficit to below 3% of GDP in 2023, highlighting financial stability.

Austria plans to bring budget deficit within 3% of GDP next year

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