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.