Austria’s current account deficit widened to EUR 1.38 billion in the second quarter of 2021 from an upwardly revised EUR 1.32 billion in the corresponding period of the previous year. It was the largest current account gap since Q2 of 2001, as the primary account deficit increased to 1.02 billion from EUR 0.43 billion a year ago and the goods account surplus shrank to EUR 0.23 billion from EUR 0.6 billion. Meanwhile, the secondary income gap narrowed to EUR 0.6 billion from EUR 1.43 billion and the services account swung to surplus of EUR 0.013 billion compared to EUR 0.021 billion deficit. source: Oesterreichische Nationalbank

Current Account in Austria averaged 1023.01 EUR Million from 1995 until 2021, 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 December of 2021.

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. In the long-term, the Austria Current Account is projected to trend around 1220.00 EUR Million in 2022, according to our econometric models.

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Austria Current Account


Calendar GMT Actual Previous Consensus TEForecast
2021-06-30 08:00 AM Q1 €-0.81B €1.60B
2021-09-30 08:00 AM Q2 €-1.378B €-1.315B
2021-12-23 09:00 AM Q3 €-1.378B


Related Last Previous Unit Reference
Current Account -1378.00 -1315.00 EUR Million Jun/21
External Debt 623871.00 625937.00 EUR Million Jun/21
Capital Flows -1389.00 2547.00 EUR Million Jun/21
Remittances 71.00 53.00 EUR Million Jun/21
Foreign Direct Investment -1009.00 556.00 EUR Million Jun/21

News Stream
Austria Current Account Gap Widens in Q2
Austria’s current account deficit widened to EUR 1.38 billion in the second quarter of 2021 from an upwardly revised EUR 1.32 billion in the corresponding period of the previous year. It was the largest current account gap since Q2 of 2001, as the primary account deficit increased to 1.02 billion from EUR 0.43 billion a year ago and the goods account surplus shrank to EUR 0.23 billion from EUR 0.6 billion. Meanwhile, the secondary income gap narrowed to EUR 0.6 billion from EUR 1.43 billion and the services account swung to surplus of EUR 0.013 billion compared to EUR 0.021 billion deficit.
2021-09-30
Austria Current Account Balance Swings to Deficit
The current account balance in Austria shifted to a EUR 0.81 billion deficit in the first quarter of 2021, compared to a EUR 5.04 billion surplus in the corresponding period of the previous year. It was the largest monthly current account gap since the second quarter of 2017, as the secondary income deficit widened to EUR 1.43 billion from EUR 1.07 billion a year ago and the primary income shortfall also rose to EUR 0.41 billion from EUR 0.17 billion. At the same time, the goods surplus shrank to EUR 0.91 billion from EUR 1.22 billion in Q1 2020 and the service surplus fell sharply to EUR 0.12 billion from EUR 5.05 billion.
2021-06-30
Austria Current Account Surplus Narrows in Q4
The current account surplus in Austria narrowed to EUR 1.60 billion in the final quarter of 2020 from EUR 4.41 billion a year earlier. The goods surplus rose sharply to EUR 1.53 billion from EUR 0.91 billion, while the services surplus shrank to EUR 0.81 billion from EUR 2.66 billion. Meanwhile, the primary income surplus contracted to EUR 0.30 billion from EUR 1.45 billion and the secondary income gap widened to EUR 1.04 billion from EUR 0.61 billion. Considering full 2020, the current account surplus narrowed to EUR 9.47 billion from EUR 11.30 billion in the previous year.
2021-03-31

Austria Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).