Austria’s current account surplus narrowed to EUR 1.91 billion in the fourth quarter of 2018 from EUR 2.35 in the same period of the previous year. The services surplus decreased to EUR 2.43 billion from EUR 2.67 billion a year earlier and the primary income surplus fell to EUR 0.25 billion from EUR 0.40 billion. Additionally, the secondary income gap widened to EUR 1.02 billion from EUR 0.59 billion. Meanwhile, the goods account shifted to a EUR 0.25 billion surplus from a EUR 0.13 billion deficit in the last quarter of 2017. Considering full 2018, the current account posted a surplus of EUR 8.99 billion compared to a EUR 7.22 billion surplus in 2017. Current Account in Austria averaged 997.66 EUR Million from 1995 until 2018, 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 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 828.46 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.