Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Austria
AUTB6BLTT02STSAQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.13
Year-over-Year Change
-8.52%
Date Range
1/1/1995 - 10/1/2024
Summary
The Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Austria measures the difference between the value of Austria's exports and imports of goods, services, and income.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend represents Austria's current account balance, which is a key indicator of the country's international economic position. It is closely watched by policymakers, investors, and analysts to assess Austria's trade dynamics and competitiveness.
Methodology
The data is collected and calculated by the Austrian National Bank based on international accounting standards.
Historical Context
The current account balance is a critical input for assessing Austria's macroeconomic policies and external sector performance.
Key Facts
- Austria has run a current account surplus since the 1990s.
- The current account balance averaged 2.2% of GDP from 2010-2019.
- Germany is Austria's largest trading partner, accounting for over 30% of exports.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Current Account: Balance for Austria measures the difference between the value of the country's exports and imports of goods, services, and income.
Q: Why is this trend relevant for users or analysts?
A: The current account balance is a key indicator of Austria's international economic position and trade dynamics, making it an important metric for policymakers, investors, and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Austrian National Bank based on international accounting standards.
Q: How is this trend used in economic policy?
A: The current account balance is a critical input for assessing Austria's macroeconomic policies and external sector performance, which informs decision-making by policymakers, central banks, and financial market participants.
Q: Are there update delays or limitations?
A: The data is typically published with a lag of several months, and may be subject to revisions as more complete information becomes available.
Related Trends
Consumer Price Index: OECD Groups: All Items Non-Food Non-Energy: Total for Austria
CPGRLE01ATA657N
Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Austria
LMUNRLTTATM647N
Infra-Annual Labor Statistics: Monthly Unemployment Female: 15 Years or over for Austria
LFHUTTFEATM647S
Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Austria
LRHU24FEATA156N
Consumer Price Index: Harmonized Prices: All Items: Total for Austria
CPHPTT01ATA657N
Labour Compensation: Earnings: Private Sector: Hourly for Austria
LCEAPR01ATQ661N
Citation
U.S. Federal Reserve, Balance of Payments: Current Account: Balance (Revenue Minus Expenditure) for Austria (AUTB6BLTT02STSAQ), retrieved from FRED.