Austria - Imports of Goods and Services





Austria: Imports of Goods and Services

Mnemonic IM.IAUT
Unit Mil. EUR, WDASA
Adjustments Working Day Adjusted and Seasonally Adjusted
Quarterly 3.89 %
Data 2023 Q4 68,701
2023 Q3 66,131

Series Information

Source Statistics Austria
Release National Accounts
Frequency Quarterly
Start Date 3/31/1988
End Date 12/31/2023

Austria: Trade

Reference Last Previous Units Frequency
Exports of Goods Dec 2023 13,937 18,956 Mil. EUR, NSA Monthly
Exports of Goods and Services 2023 Q4 72,322 69,406 Mil. EUR, WDASA Quarterly
Imports of Goods Dec 2023 13,572 17,257 Mil. EUR, NSA Monthly
Imports of Goods and Services 2023 Q4 68,701 66,131 Mil. EUR, WDASA Quarterly
Net Exports Dec 2023 13,937 18,956 Mil. EUR, NSA Monthly
Real Exports of Goods and Services 2023 Q4 59,738 57,491 Mil. 2015 EUR, WDASA Quarterly
Real Imports of Goods and Services 2023 Q4 55,654 53,831 Mil. 2015 EUR, WDASA Quarterly
Current Account Balance 2023 Q3 2,052 -689 Mil. EUR, NSA Quarterly
Balance of Goods 2017 -1,395,184,541 389,815,779 BoP; current USD Annual
Real Net Exports 2017 11,348,860,000 10,882,460,000 NCU Annual

Release Information

For Austria, Moody's Analytics reports quarterly naational accounts and annual regional accounts, including: expenditure, gross fixed capital formation detail, gross value added at basic prices by industry, compensation of employees, employment, total hours worked.

National accounts

Active:

  • National accounts framework: ESVG 2010 (ESA 2010)
  • Activity classification: ÖNACE, the adaptation of NACE Rev. 2
  • Measurements:
    • Millions of euros at constant year-2015 prices (Mil. 2015 EUR)
    • At current prices (Mil. EUR)
  • Adjustments:
    • Working day adjusted and seasonally adjusted (WDASA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1995Q1

Sector accounts

Active, where different:

  • Measurements:
    • Millions of euros (Mil. EUR)
    • Percent (%)
  • Cumulation: None
  • Adjustments:
    • Seasonally adjusted (SA)
    • Not seasonally adjusted (NSA)
  • Native frequency: Quarterly
  • Start date: Uniformly 1999Q1

Predecessors:

  • 4-qt. MA - 2001Q4 to 2021Q4 ("_21", 15 series)

Regional accounts

Active, where different:

  • Measurements:
    • Millions of euros at constant year-2015 prices (Mil. 2015 EUR)
    • At current prices (Mil. EUR)
    • Chained volume index relative to 2015 (Ch. Vol. Index 2015=100)
    • Thousands of persons (#)
    • Millions of hours (Mil. Hrs)
  • Adjustment: Not applicable
  • Native frequency: Annual
  • Start date: 1995
  • Geo coverage:
    • Country (4, IAUT)
    • Groups of states / NUTS 1 (15, IAUT_aaaa)
    • States / NUTS 2 (45, IAUT_nn)

Predecessors:

  • ESA 2010, reference year 2010
  • ESA 2010, reference year 2005
  • ESA 95

Sector accounts

As of 2022

Quarterly data are reported in discrete, non-cumulated terms.

Before 2022

At a national level only data for the household sector including non-profit institutions serving households are published. These show the current account, i.e. disposable income and saving. In order to avoid problems of seasonality cumulated sums of four consecutive quarters (“rolling years”) are used. All figures are at current prices.

Regional accounts

The source writes:

Regional Accounts (RA) calculate gross regional product (GRP, regional GDP) as well as the following aggregates by industry for the Austrian Länder (federal provinces): gross value added at basic pricesgross fixed capital formation, compensation of employees, employment and total hours worked

Time series according to ESA 2010 and ÖNACE 2008 are available from the 2000 reporting year.

Definitions

The source writes:

Gross domestic product (GDP) measures the domestic production of goods and services after deduction of intermediate inputs and is obtained from the sum total of contributions by individual economic branches (“gross value added at basic prices”) plus taxes on products less subsidies on products (production approach). However, it can also be represented as the sum total of final use (consumption, investments and exports) minus imports (expenditure approach), or as the sum total of compensation of employees, gross operating surplus/gross mixed income and consumption of fixed capital plus taxes less subsidies on production and imports (income approach).

The allocation of primary income account's balancing item represents the primary income of private households resident in the regional territory. It comprises compensation of employees, operating surplus, mixed income and property income.

Disposal income of households provides an indicator of a region’s prosperity. Among resources the account comprises primary income, social benefits other than social transfers in kind and other current transfers; among uses it comprises current taxes on income, wealth, etc., social contributions and other current transfers.

Gross value added is calculated at basic prices. It is the difference between output at basic prices and intermediate consumption at purchasers' prices (production approach).

Compensation of employees comprises the total remuneration, in cash or in kind, payable by an employer to an employee in return for work done by the latter during the accounting period.

Gross fixed capital formation consists of resident producers' acquisitions, less disposals, of fixed assets during a given period plus certain additions to the value of non-produced assets realized by the productive activity of producer or institutional units. Fixed assets are tangible or intangible assets produced as outputs from processes of production that are themselves used repeatedly, or continuously, in processes of production for more than one year.

GVA is linked as a measurement to gross domestic product (GDP), as both are measures of output. The relationship is defined as:

GVA + taxes on products - subsidies on products = GDP

  • GVA = GDP + subsidies - (direct, sales) taxes
  • GDP = (final uses (consumption + investment + exports) - imports
  • Distribution of GDP = [(compensation of employees + operating surplus) / (mixed income + depreciation + amortization)] + porduction + imports - subsidies

Moody's Analytics supplements

In the quarterly GDP(E) approach, we back-extend 54 series by seven years, and construct two intermediate aggregates.

In the Regional Accounts release for 2014 we have observed the following lags:

  • Hours worked below A*3 at all geo levels lags 1 period.
  • Gross fixed capital formation (all industries) at all geo levels lag 1 period.
  • Compensation (all industries) at all geo levels lag 1 period.
  • GVA (all industries) at the NUTS 3 geo level lags 1 period.
  • GVA (by industry) for NUTS 0, 1 and 2 below A*3 lag 1 period.
  • Employment (all industries) at the NUTS 3 geo level lags 1 period.
  • Employment (by industry) for NUTS 0, 1 and 2 below A*3 lag 1 period.
  • GDP at NUTS 3 lags 1 period.

The annual data is not reported as having revisions.

The source has explained, "According to Annex B of Regulation (EU) 549/2013 (ESA 2010) 'annual and quarterly data in previous year’s prices are not to be provided for reference year 1995'."

Further reading

At the source:

Non-financial sector accounts (dead link)

At IMF (SDDS Plus):