Austria Current Account to GDP Ratio
Austria's current account to GDP ratio decreased to 1.5% in 2024 from 1.6% in 2023. This change was driven by the goods account moving from a surplus to a deficit between the fourth quarters of 2023 and 2024. Higher surpluses in services and primary income partially offset this movement. Austria's record low current account to GDP was -0.9% in 2022 and record high was 3.4% in 2020.
Yearly Historical Data (2015-2024)
(in %)Austria Current Account to GDP Ratio : Definition
The Austria current account to GDP ratio measures the nation's net external transactions as a percentage of its total economic output (GDP). It is calculated by summing Austria's balance on goods, services, primary income, secondary income and net capital transfers, then dividing this total by GDP and multiplying by 100. A positive value indicates a surplus, often influenced by the trade balance while a negative value signifies a deficit.