Greece’s current account gap narrowed to EUR 990.4 million in February of 2019 from EUR 1,397.7 million in the same month of the previous year. The goods deficit increased slightly to EUR 1,676.9 million from EUR 1,623.1 million in February of 2018 while the services surplus widened to EUR 489.3 million from EUR 321.8 million, as tourism revenues advanced to EUR 209.1 million from EUR 1661.3 million. Also, the primary income account posted a EUR 264.0 million surplus, compared to a EUR 124.3 million shortfall a year earlier while the secondary income account recorded a EUR 66.8 million gap, switching from a EUR 28 million surplus. Current Account in Greece averaged -1105.11 EUR Million from 1997 until 2019, reaching an all time high of 2601.40 EUR Million in July of 2013 and a record low of -4730.30 EUR Million in December of 2007.

Current Account in Greece is expected to be 1000.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Greece to stand at -1100.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -650.00 EUR Million in 2020, according to our econometric models.

Greece Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-21 09:00 AM Current Account €-1.417B €-0.871B €-1.2B
2019-02-20 09:05 AM Current Account €-1.514B €-1.417B € -1.1B
2019-03-21 09:00 AM Current Account €-1.183B €-1.514B €-0.9B
2019-04-19 08:15 AM Current Account €-0.99B €-1.183B €-1.4B
2019-05-19 08:00 AM Current Account €-0.99B €-1.2B
2019-06-19 08:00 AM Current Account €-1.6B
2019-07-19 08:00 AM Current Account €-0.1B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1653.40 -2158.10 -716.80 -4328.60 EUR Million [+]
Current Account -990.00 -1183.00 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 4303.80 4660.30 6219.50 1919.00 EUR Million [+]
Exports 2650.40 2502.20 3144.50 691.90 EUR Million [+]
External Debt 403410.77 397351.76 453124.10 142217.00 EUR Million [+]
Capital Flows -593.40 -1725.44 5937.60 -4086.60 EUR Million [+]
Remittances 103.30 105.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.10 113.10 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 232.35 265.79 3601.30 109.00 EUR Million [+]
Tourist Arrivals 448274.00 1590921.00 3826994.00 140107.00 persons [+]
Crude Oil Production 5.00 5.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 301.60 286.80 2608.90 -532.30 EUR Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Greece Current Account

Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page provides the latest reported value for - Greece Current Account - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Current Account - actual data, historical chart and calendar of releases - was last updated on April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-990.00 -1183.00 2601.40 -4730.30 1997 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -1134.00 Feb/19
Canada -15483.00 Dec/18
China 545.99 Dec/18
Euro Area 15.50 Feb/19
France -778.00 Feb/19
Germany 16300.00 Feb/19
India -16899.55 Dec/18
Indonesia -9148.00 Dec/18
Italy 3252.80 Feb/19
Japan 2676.85 Feb/19
Mexico -3424.00 Dec/18
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 17796.10 Dec/18
South Africa -110158.00 Dec/18
South Korea 3601.90 Feb/19
Spain -1472.00 Jan/19
Switzerland 15181.70 Dec/18
Turkey -718.00 Feb/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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