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Trade in Austria Has Increased Since Opening of CESEE Market

Industrials › Basic Resources ♦ Published: October 10, 2013; 19:08 ♦ (Vindobona)

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Today the Austrian Institute for Economic Research (Wifo) published the “Analysis of the Austrian Balance of Trade“ on behalf of the Economic Ministry.

Trade in Austria Has Increased Since Opening of CESEE Market / Picture: © Wikimedia Commons / Keith Skipper [CC BY-SA 2.0 (https://creativecommons.org/licenses/by-sa/2.0)]

Since the beginning of the financial and economic crisis in 2007 and 2008 the trade balance has become an indicator for the competitiveness of an economy and the relative strength of domestic demand. The balance of trade is determined by the relative earnings compared to the trading partners and by relative prices. The Austrian balance of trade has continued improving since the 1980’s…