Greece posted a current account deficit of EUR 914 million in May 2020, compared to a EUR 270 million surplus in the same period last year, as the services surplus shrank to EUR 328 million from EUR 1,796 million with tourism revenues slumping to EUR 13 million from EUR 1,566 million due to the coronavirus pandemic. At the same time, the secondary income account posted a EUR 115 million deficit, compared to a EUR 735 million surplus last year. Meanwhile, the goods deficit dropped to EUR 1,206 million from EUR 2,304 and the primary income surplus increased to EUR 79 million from EUR 44 million.
Current Account in Greece averaged -1035.57 EUR Million from 1997 until 2020, 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 August of 2020.
Current Account in Greece is expected to be -1690.00 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 -520.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -920.00 EUR Million in 2021 and -650.00 EUR Million in 2022, according to our econometric models.