Greece's current account surplus narrowed to EUR 0.551 billion in September 2018 from EUR 1.143 billion in the same month of the previous year, mainly due to a wider deficit in the balance of goods on the back of rising oil imports. Meanwhile, tourism revenues remained steady at about EUR 2.4 billion. Current Account in Greece averaged -1103.39 EUR Million from 1997 until 2018, 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 -1100.00 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 1550.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -780.00 EUR Million in 2020, according to our econometric models.