Austria recorded a Current Account surplus of 4941 EUR Million in the fourth quarter of 2019.

Current Account in Austria averaged 1065.06 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. 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 April 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
4941.00 1390.00 6171.00 -2353.00 1995 - 2019 EUR Million Quarterly

Calendar GMT Actual Previous Consensus TEForecast
2019-06-28 07:30 AM Q1 €5424M €1907M € 4150M
2019-09-30 08:00 AM Q2 €-416M €4854M € 1200M
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 €4941M
2020-09-30 08:00 AM Q2
2020-12-23 09:00 AM Q3

News Stream
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.
Austria Q2 Current Account Balance Swings to Deficit
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.
Austria Current Account Surplus Narrows Slightly in Q1
The current account surplus in Austria shrank to EUR 5,424 million in the first quarter of 2019 from EUR 5,540 million in the corresponding quarter of the previous year. The goods surplus declined to EUR 1,124 million from EUR 1,358 million in Q1 2018 and the services surplus narrowed to EUR 5,875 million from EUR 5,971 million. Meanwhile, the primary income gap fell to EUR 218 million from EUR 786 million and the secondary income deficit widened to EUR 1,357 million from EUR 1,003 million.

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).