Current Account in Austria

Austria Current Account | Economic News & Forecasts

Austria - Current Account

Economic growth remained lackluster in the third quarter as softer growth in investment outlays and private consumption weighed on domestic demand. Turning to the final quarter of the year, consumers remained pessimistic through November as households were less upbeat about their financial situation and the general economic climate for the year ahead. Furthermore, business confidence moderated to an over three-year low in November, while the downturn in the manufacturing sector seemingly intensified in the same period according to PMI data, likely linked to weakness in the German industrial sector. Meanwhile, in the political arena, coalition negotiations between the Austrian People’s Party (ÖVP) and the Greens are likely to drag on into the new year. Combating climate change and migration remain key hurdles to be resolved.

Austria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.9  2.5  1.7  2.5  1.9  

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Austria Current Account Chart

Austria Current Account
Note: Current account balance as % of GDP.
Source: Austrian National Bank and FocusEconomics calculations.

Austria Facts

Bond Yield0.030.40 %Jan 01
Exchange Rate1.120.65 %Dec 31

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