Austria recorded a Current Account surplus of 2.60 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Austria averaged 0.49 percent from 1980 until 2019, 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 October 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
2.60 2.30 4.50 -5.10 1980 - 2019 percent Yearly

Austria Trade Last Previous Highest Lowest Unit
Balance of Trade 520.90 -116.20 581.00 -1256.00 EUR Million [+]
Current Account -45.00 5043.00 6171.00 -2353.00 EUR Million [+]
Current Account to GDP 2.60 2.30 4.50 -5.10 percent [+]
Imports 12136.00 11607.00 14750.00 61.00 EUR Million [+]
Exports 12657.00 11490.00 14741.00 59.00 EUR Million [+]
External Debt 639239.00 614588.00 639239.00 129499.00 EUR Million [+]
Capital Flows 4716.00 1732.00 7260.00 -4752.00 EUR Million [+]
Remittances 52.00 75.00 104.00 52.00 EUR Million [+]
Tourist Arrivals 4588.50 3954.70 5698.57 57.20 Thousand [+]
Gold Reserves 280.00 280.00 407.48 279.99 Tonnes [+]
Terrorism Index 1.66 1.85 3.16 0.00 [+]
Weapons Sales 3.00 6.00 248.00 1.00 USD Million [+]
Crude Oil Production 12.00 12.00 25.00 3.00 BBL/D/1K [+]
Foreign Direct Investment -3950.00 -815.00 55085.00 -26614.00 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.