Exports of Services (BoP, USD) in Austria

Exports of services as a part of balance of payment reached 66.8 USD bil in 2017 in Austria, according to the National Statistical Office. This is 8.67 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Austria reached an all time high of 68.6 USD bil in 2014 and an all time low of 0.834 USD bil in 1967. When compared to Austria's main peers, exports of services as a part of balance of payment in Germany amounted to 309 USD bil, 26.9 USD bil in Hungary, 112 USD bil in Italy and 122 USD bil in Switzerland in 2017.

Austria has been ranked 24th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 2 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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