Austria Logs Widest Current Account Gap in 2 Years

The current account balance in Austria shifted to a EUR 0.1 billion deficit in the third quarter of 2025, compared to a EUR 0.2 billion surplus in the corresponding period of the previous year. The primary income deficit widened to EUR 0.7 billion from EUR 0.1 billion a year ago, while the secondary income shortfall also rose to EUR 0.8 billion from EUR 0.3 billion. On the other hand, the goods surplus increased to EUR 1.2 billion from EUR 1.0 billion in Q3 2024, while the services account posted a surplus of EUR 0.2 billion, swinging from a EUR 0.4 billion deficit in the same quarter last year.

Austria posted a current account deficit of €2.1 billion in Q2 2025, the largest since Q2 2023, up from €1.3 billion in the same month of the previous year. The goods surplus shrank to €1.3 billion from €1.7 billion in Q2 2024; and the services deficit narrowed only slightly to €0.8 billion from €1 billion. At the same time, the primary income shortfall rose to €1.6 billion from €1.2 billion; and the secondary income gap went up to €0.9 billion from €0.8 billon.

The current account surplus widened to EUR 4.4 billion in Q1 2025 from EUR 8.1 billion in the same period last year, marking the highest since then. The upturn was mainly driven by the increase in services accounts, from EUR 5.5 billion in Q1 2024 to EUR 5.1 billion. In contrast, surplus in goods account and primary income surplus narrowed to EUR 0.3 billion and EUR 0.05 billion, from EUR 3.7 billion and EUR 0.6 billion, respectively. Meanwhile, the secondary income deficit widened from EUR 1.3 billion to EUR 1.5 billion.