Austria - Balance of payments



The US Central Intelligence Agency (CIA) reports that in 2001 the purchasing power parity of Austria's exports was $70 billion while imports totaled $74 billion resulting in a trade deficit of $4 billion.

The International Monetary Fund (IMF) reports that in 2001 Austria had exports of goods totaling $66.9 billion and imports totaling $68.2 billion. The services credit totaled $32.9 billion and debit $31.5 billion.

Foreign direct investment continued to increase at a fast pace in the early 2000s. Foreign direct investment grew in 2000 by $9.2 billion, the highest amount in the post-World War II era. This high figure was due in part to the takeover of Bank Austria, Austria's largest bank, by the German Hypo-Vereinsbank.

The following table summarizes Austria's balance of payments as reported by the IMF for 2001 in millions of US dollars.

Austria

Current Account -4,103
Balance on goods -1,328
Balance on services 1,361
Balance on income -2,995
Current transfers -1,140
Capital Account -514
Financial Account 1,809
Direct investment abroad -3,046
Direct investment in Austria 5,898
Portfolio investment assets -11,867
Portfolio investment liabilities 16,583
Other investment assets -6,172
Other investment liabilities 712
Net Errors and Omissions 919
Reserves and Related Items 1,888
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