Austria - Cuenta corriente

The current account balance in Austria shifted to a EUR 416 million deficit in the second quarter of 2019 from a EUR 546 million surplus in the corresponding period of the previous year. The goods surplus narrowed to EUR 895 million from EUR 1,774 million a year earlier and the services surplus fell to EUR 327 million from EUR 648 million. Also, the primary income gap widened to EUR 940 million from EUR 914 million. On the other hand, the secondary income shortfall decreased to EUR 698 million from EUR 962 million a year ago.

The current account surplus in Austria shrank to EUR 5,424 million in the first quarter of 2019 from EUR 5,540 million in the corresponding quarter of the previous year. The goods surplus declined to EUR 1,124 million from EUR 1,358 million in Q1 2018 and the services surplus narrowed to EUR 5,875 million from EUR 5,971 million. Meanwhile, the primary income gap fell to EUR 218 million from EUR 786 million and the secondary income deficit widened to EUR 1,357 million from EUR 1,003 million.

Austria’s current account surplus narrowed to EUR 1.91 billion in the fourth quarter of 2018 from EUR 2.35 in the same period of the previous year. The services surplus decreased to EUR 2.43 billion from EUR 2.67 billion a year earlier and the primary income surplus fell to EUR 0.25 billion from EUR 0.40 billion. Additionally, the secondary income gap widened to EUR 1.02 billion from EUR 0.59 billion. Meanwhile, the goods account shifted to a EUR 0.25 billion surplus from a EUR 0.13 billion deficit in the last quarter of 2017. Considering full 2018, the current account posted a surplus of EUR 8.99 billion compared to a EUR 7.22 billion surplus in 2017.