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 July 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.