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. Current Account in Austria averaged 1051.82 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.
Current Account in Austria is expected to be 1318.40 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 1190.00 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.