Austria’s current account deficit narrowed to EUR 45 million in the second quarter of 2020 from EUR 341 million in the corresponding month of the previous year. It was the smallest current account gap on record, as the goods surplus increased to EUR 1,049 million from EUR 615 million a year earlier. Also, the primary income shortfall declined to EUR 228 million from EUR 439 million in the second quarter of 2019. Meanwhile, the services account shifted to a EUR 76 million deficit from a EUR 172 million surplus; and the secondary income gap went up to EUR 790 million from EUR 689 million. source: Oesterreichische Nationalbank
Current Account in Austria averaged 1054.29 EUR Million from 1995 until 2020, reaching an all time high of 6171 EUR Million in the first quarter of 2008 and a record low of -2353 EUR Million in the second quarter of 1996. This page provides the latest reported value for - Austria Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Current Account - data, historical chart, forecasts and calendar of releases - was last updated on November of 2020.
Current Account in Austria is expected to be 1190.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Austria to stand at 1220.00 in 12 months time. In the long-term, the Austria Current Account is projected to trend around 1220.00 EUR Million in 2021, according to our econometric models.