The balance of payments thus indicates how competitive the Austrian economy is both within and outside the euro area. Once compiled, processed and aggregated, the data are used to produce a range of statistics, published by the OeNB and other institutions, such as the ECB, the OECD and the IMF. Balance of payments data provide a statistical basis for developing export strategies, play a role in international negotiations and support potential foreign investors in making investment decisions as they are an important indicator of the attractiveness of Austria as a business location. The data are also used in measuring Austria’s economic output and are essential for common economic and monetary policymaking in Europe. In addition, the data provide valuable insights for market participants operating abroad and monitoring foreign markets. In other words, what reporting agents get is detailed information on individual countries, market segments, economic sectors, funding patterns and the like. Individual companies may use the range of information to evaluate their market position and export potential.
Like Austria’s balance of payments, Austria’s international investment position is also compiled with the data collected by the OeNB. The resulting statistics illustrate the value and the composition of the stock of Austria’s financial claims on and financial liabilities to the rest of the world at a given point in time.
Information on new developments concerning external statistics can be found here.
Detailed data on the balance of payments and International Investment Position are available here.
For your information, personal data are processed at the OeNB in line with the provisions laid down in the General Data Protection Regulation (GDRP). For more information, see dataprotection.
