Austria’s current account surplus widened to EUR 0.99 billion in the second quarter of 2018 from EUR 0.13 billion in the corresponding period of the previous year. The goods surplus advanced to EUR 1.7 billion from EUR 0.66 billion a year earlier while the services surplus decreased to EUR 6.6 billion from EUR 7.6 billion. Meanwhile, the primary income deficit increased slightly to EUR 4.5 billion from EUR 4.4 billion and the secondary income gap rose to EUR 9.3 billion from EUR 8.6 billion in the second quarter of 2017. Current Account in Austria averaged 999.23 EUR Million from 1995 until 2018, 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.
Current Account in Austria is expected to be 1220.00 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 828.46 in 12 months time. In the long-term, the Austria Current Account is projected to trend around 1220.00 EUR Million in 2020, according to our econometric models.