Current account balance as a proportion of gdp in Austria
Austria: Current account balance as a proportion of gdp was 1.33 in 2023. ◆ Volatile
Current account balance as a proportion of gdp in Austria, 2005–2023
Source: Our World in Data.
Analysis
Austria recorded 1.33 for current account balance as a proportion of gdp in 2023.
Compared with earlier readings it is up 260.2% on the previous year and down 24.0% over ten years.
Over the whole period, current account balance as a proportion of gdp in Austria peaked at 4.5 in 2008 and was at its lowest, -0.83, in 2022.
That places Austria 65th out of 191 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of gdp in Austria, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 1.99 | — |
| 2006 | 3.29 | +65.3% |
| 2007 | 3.81 | +15.8% |
| 2008 | 4.5 | +18.1% |
| 2009 | 2.58 | -42.7% |
| 2010 | 2.94 | +14.0% |
| 2011 | 1.59 | -45.9% |
| 2012 | 1.51 | -5.0% |
| 2013 | 1.75 | +15.9% |
| 2014 | 2.31 | +32.0% |
| 2015 | 1.59 | -31.2% |
| 2016 | 2.57 | +61.6% |
| 2017 | 1.24 | -51.8% |
| 2018 | 0.91 | -26.6% |
| 2019 | 2.38 | +161.5% |
| 2020 | 3.35 | +40.8% |
| 2021 | 1.72 | -48.7% |
| 2022 | -0.83 | -148.3% |
| 2023 | 1.33 | -260.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.23 | 1.99 | 4.5 | 5 |
| 2010s | 1.88 | 0.91 | 2.94 | 10 |
| 2020s | 1.39 | -0.83 | 3.35 | 4 |
Countries ranked near Austria
More economy & growth data for Austria
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 0.801 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 0.9157 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate 8.27 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2625 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 16,516 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 3.71 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 0.2323 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 14,616 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 10.58 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9591 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Austria?
- Current account balance as a proportion of gdp in Austria was 1.33 in 2023, according to Our World in Data.
- What is the highest current account balance as a proportion of gdp recorded in Austria?
- The highest recorded value was 4.5 in 2008.
- What is the lowest current account balance as a proportion of gdp recorded in Austria?
- The lowest recorded value was -0.83 in 2022.
- How does Austria rank for current account balance as a proportion of gdp?
- Austria ranks 65th out of 191 countries with data for 2023.
- Is current account balance as a proportion of gdp rising or falling in Austria?
- Over the last ten years it is down 24.0%. The long-run trend across the full record is volatile.
- Where does this Austria data come from?
- The figures come from Our World in Data, published as part of Current account balance as a proportion of gdp. Statizoid updates them automatically from the source API.
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