The current account balance in Austria swung to a EUR 1.17 billion surplus in the first quarter of 2022, compared to a EUR 0.9 billion deficit in the corresponding period of the previous year. The services account switched to a 3.6 billion surplus from EUR 0.02 billion gap. At the same time, the primary income deficit narrowed to EUR 0.17 billion from EUR 0.21 billion and the secondary income gap decreased to EUR 0.76 billion from EUR 1.46 billion. Meanwhile, the goods account shifted to a deficit of EUR 1.56 billion from EUR 0.78 billion. source: Oesterreichische Nationalbank
Current Account in Austria averaged 958.29 EUR Million from 1995 until 2022, 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 September of 2022.
Current Account in Austria is expected to be 180.00 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 380.00 EUR Million in 2023 and 450.00 EUR Million in 2024, according to our econometric models.