Greece's current account deficit shrank to EUR 0.18 billion in September 2021 from a EUR 0.45 billion deficit in the same month last year, as the services surplus rose to EUR 2.40 billion from EUR 1.11 billion a year ago, amid a significant increase in tourism revenues to EUR 4.56 billion from 2.34 billion. Meanwhile, the goods shortfall widened to EUR 2.30 billion from EUR 1.49 billion in September of 2020, and the secondary income gap went up to EUR 0.20 billion from EUR 0.08 billion. Also, the primary income account shifted to a deficit of 0.07 billion, compared to a surplus of EUR 0.02 billion. source: Bank of Greece

Current Account in Greece averaged -1017.34 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 December of 2021.

Current Account in Greece is expected to be -920.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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


Calendar GMT Actual Previous Consensus TEForecast
2021-10-21 08:00 AM Aug €1.413B €0.553B €1.1B
2021-11-19 09:00 AM Sep €-0.177B €1.414B €0.7B
2021-12-21 09:00 AM Oct €-0.177B


Related Last Previous Unit Reference
Current Account -176.70 1413.47 EUR Million Sep/21
External Debt 526462.73 503573.83 EUR Million Jun/21
Capital Flows 131.84 5653.72 EUR Million Sep/21
Remittances 111.72 95.94 EUR Million Sep/21
Tourism Revenues 2175.73 3112.44 EUR Million Sep/21
Foreign Direct Investment 578.80 640.40 EUR Million Jun/21

News Stream
Greek Current Account Gap Narrows in September
Greece's current account deficit shrank to EUR 0.18 billion in September 2021 from a EUR 0.45 billion deficit in the same month last year, as the services surplus rose to EUR 2.40 billion from EUR 1.11 billion a year ago, amid a significant increase in tourism revenues to EUR 4.56 billion from 2.34 billion. Meanwhile, the goods shortfall widened to EUR 2.30 billion from EUR 1.49 billion in September of 2020, and the secondary income gap went up to EUR 0.20 billion from EUR 0.08 billion. Also, the primary income account shifted to a deficit of 0.07 billion, compared to a surplus of EUR 0.02 billion.
2021-11-19
Greek Current Account Surplus at Near 2-Year High
Greece's current account swung to a surplus of EUR 1.4 billion in August 2021 from a EUR 0.15 billion deficit in the same month last year. It was the highest surplus recorded since August of 2019 as the services account surplus widened to EUR 3.3 billion from EUR 1.6 billion, mainly boosted by tourism revenues (EUR 3.1 billion from EUR 1.3 billion in August 2020), while the secondary income surplus increased to EUR 0.9 billion from EUR 0.06 billion. Meantime, the goods account deficit worsened to EUR 2.2 billion from EUR 1.6 billion and the primary income account deficit rose to EUR 0.36 billion from EUR 0.18 billion. Considering the first eight months of the year, the current account deficit narrowed to EUR 5.4 billion from EUR 7.1 billion in the same period of 2020.
2021-10-21
Greek Current Account Balance Swings to Surplus in July
Greece posted a current account surplus of EUR 0.538 billion in July of 2021, compared to EUR 0.797 billion deficit in the corresponding month of the previous year, mainly due to an improvement in the service balance (EUR 2.46 billion from EUR 0.89 billion in July 2020), as tourism revenues jumped to EUR 2.275 billion from EUR 0.6780 billion in July last year when global restrictions to stem the spread of the COVID-19 pandemic took a heavy toll on travel. Both primary (EUR -0.36 billion from EUR -0.55 billion) and secondary income accounts (EUR 0.67 billion from EUR 0.45 billion) also improved which was partly offset by a deterioration in the balance of goods. Meanwhile, the goods deficit increased to EUR 2.23 billion from EUR 1.59 billion in the same month last year. Considering January-July, the current account deficit dropped to EUR 6.96 billion from EUR 7.85 billion, due to an improvement in the balance of services and the primary income account.
2021-09-20

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).