Austria's Current Account: Net Income 2.7% of the GDP

Business › Foreign Trade ♦ Published: May 5, 2011; 07:32 ♦ (Vindobona)

Austria's current account achieved a surplus of € 7.8bn or 2.7% of the GDP in 2010. The domestic economy was thereby able to prove its high competitiveness.

Austria's Current Account: Net Income 2.7% of the GDP / Picture: © Wikimedia Commons / Danny Cornelissen [http://www.portpictures.nl]

Austria's foreign trade benefited from the global economic recovery in 2010, supported by the surprisingly strong growth in world trade (+22%). The dynamic growth of major trading partners such as Germany, Switzerland or the United States was responsible for Austrian exporters working to full capacity, compensating again ​​the trade slump of 2009.

The situation also reflects…

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