Austria recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Austria averaged 0.44 percent from 1980 until 2018, reaching an all time high of 4.50 percent in 2008 and a record low of -5.10 percent in 1980. This page provides - Austria Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Austria Current Account to GDP - values, historical data and charts - was last updated on March of 2020.

Current Account to GDP in Austria is expected to reach 2.10 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Current Account to GDP is projected to trend around 2.00 percent in 2021 and 2.20 percent in 2022, according to our econometric models.

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Austria Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.00 4.50 -5.10 1980 - 2018 percent Yearly
Current Account to GDP by Country

Austria Trade Last Previous Highest Lowest Unit
Balance of Trade -258.00 -264.00 581.00 -1256.00 EUR Million [+]
Current Account 1416.00 -415.00 6171.00 -2353.00 EUR Million [+]
Current Account to GDP 2.30 2.00 4.50 -5.10 percent [+]
Imports 11335.00 13164.00 14750.00 61.00 EUR Million [+]
Exports 11078.00 12900.00 14713.00 59.00 EUR Million [+]
External Debt 626057.00 609649.00 633042.00 129499.00 EUR Million [+]
Capital Flows 4281.00 2996.00 7260.00 -4752.00 EUR Million [+]
Remittances 56.00 75.00 104.00 53.00 EUR Million [+]
Tourist Arrivals 3957.42 3727.66 5698.57 355.20 Thousand [+]
Gold Reserves 279.99 279.99 407.48 279.99 Tonnes [+]
Terrorism Index 1.66 1.85 3.16 0.00 [+]
Weapons Sales 5.00 22.00 248.00 1.00 USD Million [+]
Crude Oil Production 13.00 12.00 25.00 11.00 BBL/D/1K [+]
Foreign Direct Investment 10111.00 1826.00 55085.00 -24187.00 EUR Million [+]


Austria Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.