The current account deficit in Austria contracted to EUR 0.438 billion in the second quarter of 2022, compared to EUR 1.118 billion gap a year earlier, as the goods account switched to EUR 0.488 billion surplus from EUR 0.198 billion gap. Also, the services account changed to EUR 0.874 billion surplus from EUR 0.131 billion gap. Meanwhile, the primary account deficit rose to EUR 1.095 billion from EUR 0.181 billion and the secondary account gap also increased to EUR 0.705 billion from EUR 0.608 billion. Moreover, the country posted a current account surplus of EUR 1.439 billion in 2021, compared with a surplus of EUR 11.345 billion in 2020. source: Oesterreichische Nationalbank

Current Account in Austria averaged 957.97 EUR Million from 1995 until 2022, 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 November of 2022.

Current Account in Austria is expected to be 750.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Current Account is projected to trend around 380.00 EUR Million in 2023 and 450.00 EUR Million in 2024, according to our econometric models.

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Austria Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-06-30 08:00 AM Q1 €1.17B €-0.16B €-1.5B
2022-09-30 08:00 AM Q2 €-0.44B €1.17B €-1.5B
2022-12-23 09:00 AM Q3 €-0.44B €0.18B


Related Last Previous Unit Reference
Current Account -438.00 1435.00 EUR Million Jun 2022
External Debt 656569.00 646665.00 EUR Million Jun 2022
Capital Flows -6980.00 5496.00 EUR Million Jun 2022
Remittances 73.00 54.00 EUR Million Jun 2022
Foreign Direct Investment -2189.00 2661.00 EUR Million Jun 2022

Austria Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).
Actual Previous Highest Lowest Dates Unit Frequency
-438.00 1435.00 6171.00 -2353.00 1995 - 2022 EUR Million Quarterly

News Stream
Austria Current Account Deficit Shrinks in Q2 2022
The current account deficit in Austria contracted to EUR 0.438 billion in the second quarter of 2022, compared to EUR 1.118 billion gap a year earlier, as the goods account switched to EUR 0.488 billion surplus from EUR 0.198 billion gap. Also, the services account changed to EUR 0.874 billion surplus from EUR 0.131 billion gap. Meanwhile, the primary account deficit rose to EUR 1.095 billion from EUR 0.181 billion and the secondary account gap also increased to EUR 0.705 billion from EUR 0.608 billion. Moreover, the country posted a current account surplus of EUR 1.439 billion in 2021, compared with a surplus of EUR 11.345 billion in 2020.
2022-09-30
Austria Current Account Deficit Swings to Surplus
The current account balance in Austria swung to a EUR 1.17 billion surplus in the first quarter of 2022, compared to a EUR 0.91 billion deficit in the corresponding period of the previous year. The services account switched to a 3.65 billion surplus from EUR 0.02 billion gap. At the same time, the primary income deficit narrowed to EUR 0.17 billion from EUR 0.21 billion and the secondary income gap decreased to EUR 0.76 billion from EUR 1.46 billion. Meanwhile, the goods account shifted to a deficit of EUR 1.56 billion from EUR 0.78 billion.
2022-06-30
Austria Current Account Gap Narrows in Q4
The current account deficit in Austria narrowed to EUR 0.16 billion in the fourth quarter of 2021 from EUR 0.91 billion a year earlier, as the services account switched to a surplus of EUR 1.54 billion compared with a deficit of EUR 0.02 billion. Also, the primary account changed to a surplus of EUR 0.73 billion compared to a surplus of EUR 0.21 billion; and the secondary account gap shrank to EUR 0.43 billion from EUR 1.46 billion. Meanwhile, the goods account shifted to a deficit of EUR 2 billion from EUR compared with a surplus of EUR 0.78 billion. The country posted a current account gap of EUR 2.11 billion in 2021, compared with a surplus of EUR 7.20 billion a year ago.
2022-03-31