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. source: Oesterreichische Nationalbank
Current Account in Austria averaged 956.36 EUR Million from 1995 until 2021, 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 May of 2022.
Current Account in Austria is expected to be -600.00 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 1500.00 EUR Million in 2023, according to our econometric models.