Austria current account surplus narrowed to EUR 586 million in the fourth quarter of 2016 from EUR 1158 million a year earlier. The goods deficit increased to EUR 1227 million from a EUR 407 million gap in the fourth quarter of 2015 and the secondary income deficit rose to EUR 973 million from 564 million. In contrast, the services surplus increased to EUR 2085 million from EUR 2027 million and the primary income surplus also increased to EUR 700 million from EUR 101 million. Considering 2016, the current account surplus shrank by EUR 485 million to EUR 6002 million. Current Account in Austria averaged 886.28 EUR Million from 1995 until 2016, 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.
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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). 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 – actual data, historical chart and calendar of releases – was last updated on April of 2017.