Current account (including capital account) – details

Table
Publication schedule
Chart

Description:

This table mainly shows the real economy section of the balance of payments, which records cross-border transactions of Austrian residents with residents of other countries in four main subaccounts: goods, services, primary and secondary income. The compilation method builds upon the international standards laid down in the IMF Balance of Payments Manual and on the System of National Accounts. It undergoes regular revisions and offers a high degree of detail. Credit values refer to Austrian receipts from abroad, while debit values refer to Austrian expenditures vis-a-vis other countries. 

Source:

OeNB, Statistics Austria.

Definitions and terms:

Balance of Payments, Foreign Trade Statistics, System of National Accounts, Macroeconomic Imbalance Procedure

Legal basis:

National law: Article 44 Nationalbank Act, Exchange Control Act 2004; International law: Regulation (EU) No. 555/2012 of 22 June 2012 on Community statistics concerning balance of payments, international trade in services and foreign direct investment, ECB’s Guideline of 9 December 2011 on the statistical reporting requirements of the European Central Bank in the field of external statistics (ECB/2011/23), Balance of Payments Manual (Sixth Edition), European System of national Accounts (ESA 2010), SDDS and Articles of Agreements of the IMF. 

Methodology:

Depending on the type of transactions, data are compiled at quarterly or monthly intervals. Direct reporting system covering economic units that exceed the applicable reporting thresholds (concentration survey). Besides, administrative data, estimates, securities transactions and holdings reported by custodian banks (security by security), money and banking statistics. Also see Foreign Trade Statistics compiled by Statistics Austria.

Reporting institutions:

Companies, banks, individuals, public entities.

Standards and codes:

Balance of Payments Manual (Sixth Edition)