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.

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Austria Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-45.00 5043.00 6171.00 -2353.00 1995 - 2020 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2019-12-23 09:00 AM Q3 €1416M €-415M € 750M
2020-03-31 09:00 AM Q4 €4941M €1390M € 1190M
2020-06-30 07:30 AM Q1 €5093M €4941M € 2700M
2020-09-30 08:00 AM Q2 €-45M €5043M
2020-12-23 09:00 AM Q3 €-45M
2021-03-31 09:00 AM Q4
2021-06-30 07:30 AM Q1
2021-09-30 08:00 AM Q2


News Stream
Austria Posts Smallest Current Account Gap on Record in Q2
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.
2020-09-30
Austria Posts Largest Current Account Surplus in 2 Years
Austria’s current account surplus widened to EUR 5.09 billion in the first quarter of 2020 from EUR 4.95 billion in the corresponding period of the previous year. It was the largest current account surplus since the first quarter of 2018, as the goods surplus rose to EUR 1.09 billion from EUR 0.63 billion. Additionally, the secondary income deficit narrowed to EUR 0.96 billion from EUR 1.32 billion a year earlier. In contrast, the services surplus decreased to EUR 5.22 billion from EUR 5.78 billion while the primary income gap rose to EUR 0.26 billion from EUR 0.15 billion.
2020-06-30
Austria Current Account Surplus Widens in Q3
Austria’s current account surplus widened to EUR 1.42 billion in the third quarter of 2019 from EUR 0.98 billion in the corresponding period of the previous year. The services surplus increased to EUR 1.52 billion from EUR 1.34 billion a year earlier while the primary income gap narrowed sharply to EUR 0.07 billion from EUR 0.40 billion. On the other hand, the goods surplus fell to EUR 0.84 billion from EUR 0.86 billion while the secondary income shortfall widened to EUR 0.87 billion from EUR 0.83 billion in the third quarter of 2018.
2019-12-23

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).