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. source: Oesterreichische Nationalbank
Current Account in Austria averaged 1076.76 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 May 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 2021, according to our econometric models.