Current Account in Austria

Austria Current Account | Economic News & Forecasts

Austria - Current Account

A preliminary release of national accounts data showed that the Austrian economy decelerated rapidly in the final quarter of last year, halving from the third quarter on softening domestic and external demand. Private consumption remained robust but public expenditure and fixed investment growth eased. The general weakening of momentum in Europe likely affected Austria’s external sector as reflected by a deceleration in exports growth in the quarter. Early data for the first quarter of this year, meanwhile, paints a mixed picture. Consumer sentiment fell deeper into pessimistic territory in January on less rosy views of the economy in the year ahead. On the other hand, the manufacturing PMI continued to indicate improving business conditions, while business sentiment regarding production expectations turned neutral in January.

Austria - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)1.9  2.5  1.9  2.1  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 Yield0.380.40 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market2,948-1.00 %Mar 11

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