Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Court ruling expected on Gabon's contested election results

Read more

MEDIAWATCH

Clinton's Comedy Turn

Read more

THE WORLD THIS WEEK

Sarkozy's Populist Pivot, Bahamas Leaks, Syria Truce, Rome Olympic Bid (Part 2)

Read more

THE WORLD THIS WEEK

US Police Shootings: Race relations and the race to the White House (Part 1)

Read more

#TECH 24

Breaking the wall between technology and people

Read more

FRANCE IN FOCUS

Rural France: Challenges and opportunities

Read more

REPORTERS

Video: In Burma, ex-political prisoners struggle to return to normal life

Read more

ENCORE!

Xavier Dolan: Wunderkind of Québecquois cinema

Read more

FOCUS

The battle for UK Labour’s leadership

Read more

Business

Austria swings into trade deficit

Latest update : 2009-03-09

Austria ran up a trade deficit of 1.8 billion euros in 2008, the biggest trade deficit since 2003, as imports grew faster than exports, official data showed Monday.

AFP - Austria swung into a trade deficit last year as imports grew faster than exports, official data showed Monday.

Austria ran up a trade deficit of 1.80 billion euros (2.3 billion dollars) in 2008, compared with a surplus of 425 million euros in 2007, Statistik Austria said.

It was the biggest trade deficit since 2003.

Exports grew 2.3 percent to 117.3 billion euros, while imports rose 4.3 percent to 119.1 billion euros, a statement said.

In December alone, the trade deficit widened to 743.2 million euros from 444 million euros in November and compared with a deficit of 467.7 million euros in December 2007.

Date created : 2009-03-09

COMMENT(S)