Austria’s current account surplus widened to EUR 5.09 billion in the first quarter of 2020 from EUR 4.95 billion in the corresponding period of the previous year. It was the largest current account surplus since the first quarter of 2018, as the goods surplus rose to EUR 1.09 billion from EUR 0.63 billion. Additionally, the secondary income deficit narrowed to EUR 0.96 billion from EUR 1.32 billion a year earlier. In contrast, the services surplus decreased to EUR 5.22 billion from EUR 5.78 billion while the primary income gap rose to EUR 0.26 billion from EUR 0.15 billion.
Current Account in Austria averaged 1104.94 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 August 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.