The current account balance in Austria shifted to a EUR 416 million deficit in the second quarter of 2019 from a EUR 546 million surplus in the corresponding period of the previous year. The goods surplus narrowed to EUR 895 million from EUR 1,774 million a year earlier and the services surplus fell to EUR 327 million from EUR 648 million. Also, the primary income gap widened to EUR 940 million from EUR 914 million. On the other hand, the secondary income shortfall decreased to EUR 698 million from EUR 962 million a year ago. Current Account in Austria averaged 1025.36 EUR Million from 1995 until 2019, 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.
Current Account in Austria is expected to be 1200.00 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 1190.00 in 12 months time. In the long-term, the Austria Current Account is projected to trend around 1220.00 EUR Million in 2020, according to our econometric models.