Austrian Balance of Current Accounts Positive

Business › Economy ♦ Published: January 9, 2012; 13:45 ♦ (Vindobona)

In the first three quarters of 2011, the Austrian economy achieved a strong performance. The balance of current accounts was significantly positive.

Austrian Balance of Current Accounts Positive / Picture: © Vindobona.org

Due to the overall positive development in the first three quarters of 2011, the Austrian achieved a surplus in the balance of current accounts of € 4.5bn. However, the third quarter already showed a zero balance. This can be seen as trend reversal, as the economic growth declined since summer 2011.

In the first three quarters, Austria´s exports rose by 14% against the…

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