Greece's current account deficit widened to EUR 1,403 million in May 2021, from EUR 926 million in the same month last year, as the goods gap increased to EUR 1,817 million from EUR 1,206 million. At the same time, the services surplus was little-changed at EUR 316 million from EUR 331 million, with tourism revenues rising slightly to EUR 168 million from EUR 44 million in May last year, while the primary income surplus advanced to EUR 192 million from EUR 65 million. The secondary income deficit declined to EUR 94 million from EUR 116 million a year ago. source: Bank of Greece

Current Account in Greece averaged -1033.81 EUR Million from 1997 until 2021, reaching an all time high of 2656.79 EUR Million in July of 2013 and a record low of -4730.32 EUR Million in December of 2007. 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 - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.

Current Account in Greece is expected to be -870.00 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 750.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -780.00 EUR Million in 2022 and -650.00 EUR Million in 2023, according to our econometric models.

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Greece Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-1402.68 -2079.06 2656.79 -4730.32 1997 - 2021 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-04-20 08:00 AM Feb €-0.84B €-0.436B €-1.0B
2021-05-21 08:00 AM Mar €-1.462B €-0.84B €-1.0B
2021-06-18 08:00 AM Apr €-2.079B €-1.462B €-1.2B
2021-07-21 08:00 AM May €-1.403B €-2.079B €-1.7B
2021-08-20 07:30 AM Jun €-1.403B €-1.2B
2021-09-21 08:00 AM Jul
2021-10-21 08:00 AM Aug
2021-11-19 09:00 AM Sep


News Stream
Greek Current Account Gap Widens in May
Greece's current account deficit widened to EUR 1,403 million in May 2021, from EUR 926 million in the same month last year, as the goods gap increased to EUR 1,817 million from EUR 1,206 million. At the same time, the services surplus was little-changed at EUR 316 million from EUR 331 million, with tourism revenues rising slightly to EUR 168 million from EUR 44 million in May last year, while the primary income surplus advanced to EUR 192 million from EUR 65 million. The secondary income deficit declined to EUR 94 million from EUR 116 million a year ago.
2021-07-21
Greek Current Account Gap Widens the Most in 9 Years
Greece's current account deficit widened to EUR 2,079 million in April of 2021 from EUR 1,146 million in the corresponding month of the previous year and was the largest current account deficit since March of 2012. The goods gap increased to EUR 1,965 million from EUR 1,266 million a year ago, as imports increased by 56.0 percent and exports went up 56.6 percent. Additionally, the services surplus shrank to EUR 302 million, from EUR 387 million, weighed down by the transport balance, while the travel account improved on the back of a resurgence in tourist arrivals (185.6 percent) and receipts (210.9 percent). Also, the shortfall in the secondary income account deepened to EUR 334 million, from EUR 125 million, mainly due to higher general government payments. Finally, the primary income deficit decreased to EUR 83 million, from EUR 141 million, underpinned by lower net interest, dividend and profit payments abroad.
2021-06-18
Greek current account gap widens in March
Greece's current account deficit widened to EUR 1,462 million in March of 2021 from EUR 1,111.9 million in the corresponding month of the previous year. The goods gap increased to EUR 2,159.4 million from EUR 1803.1 million a year ago, as imports rose by 29.7 percent and exports by 37.1 percent, mainly due to changes in oil prices and other goods. Also, the services surplus dropped to EUR 281.0 million from EUR 355.8 million, as global coronavirus restrictions reduced tourism revenues to 0.034 billion from 0.092 billion in March 2020. On the other hand, the primary income surplus surged to EUR 427.8 million from EUR 168.0 million.
2021-05-21
Greek Current Account Gap Narrows in February
Greece's current account deficit shrank to EUR 840.3 million in February of 2021 from EUR 1,154.6 million in the corresponding month of the previous year. The goods gap narrowed to EUR 1,334 million from EUR 1,794 million a year ago, as imports slipped 5.1 percent while exports rose 9.5 percent, mainly due to changes in oil prices. Additionally, the primary income surplus increased to EUR 347 million from EUR 156 million on lower net interest, dividend and profit payments abroad. In contrast, the services surplus dropped to EUR 230 million from EUR 387 million, as the coronavirus pandemic reduced both the number of tourist arrivals (-87.8 percent) and receipts (-89.4 percent). Finally, the secondary income account switched to a deficit of EUR 84 million from a surplus of EUR 97 million.
2021-04-20

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).