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. source: Oesterreichische Nationalbank

Current Account in Austria averaged 1059.06 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 September 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. 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 2022, according to our econometric models.

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Austria Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-811.00 1603.00 6171.00 -2353.00 1995 - 2021 EUR Million Quarterly


Calendar GMT Actual Previous Consensus TEForecast
2020-09-30 08:00 AM Q2 €-45M €5043M
2020-12-23 09:00 AM Q3 €3335M €9M
2021-03-31 09:00 AM Q4 €1.60B €2.89B
2021-06-30 08:00 AM Q1 €-0.81B €1.60B
2021-09-30 08:00 AM Q2 €-0.81B
2021-12-23 09:00 AM Q3


News Stream
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 Surplus Nearly Doubles
The current account surplus in Austria nearly doubled to EUR 3.33 billion in the third quarter of 2020 from EUR 1.97 billion a year earlier. The goods surplus rose sharply to EUR 1.9 billion (vs EUR 0.83 billion) and the services surplus also went up to EUR 2.16 billion (vs EUR 1.44 billion). Meanwhile, the primary income accounted switched to a EUR 0.3 billion deficit (vs EUR 0.55 billion surplus) and the secondary income gap narrowed to EUR 0.43 billion from EUR 0.86 billion.
2020-12-23
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 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).