Greece recorded a Current Account deficit of 1.40 percent of the country's Gross Domestic Product in 2019. source: EUROSTAT

Current Account to GDP in Greece averaged -4.92 percent from 1980 until 2019, reaching an all time high of -0.10 percent in 1994 and a record low of -15.20 percent in 2007. This page provides - Greece Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Current Account to GDP - values, historical data and charts - was last updated on January of 2021.

Current Account to GDP in Greece is expected to reach -0.30 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Current Account to GDP is projected to trend around -1.20 percent in 2021 and -0.60 percent in 2022, according to our econometric models.

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Greece Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-1.40 -1.10 -0.10 -15.20 1980 - 2019 percent Yearly

Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1365.60 -1404.30 -619.80 -4328.60 EUR Million [+]
Current Account -1258.80 -767.36 2656.79 -4730.32 EUR Million [+]
Current Account to GDP -1.40 -1.10 -0.10 -15.20 percent [+]
Imports 3990.70 4083.80 6219.50 446.10 EUR Million [+]
Exports 2625.10 2679.50 3209.30 691.90 EUR Million [+]
External Debt 488706.82 472645.31 488706.82 142217.00 EUR Million [+]
Capital Flows -641.51 375.89 6037.71 -3705.44 EUR Million [+]
Remittances 127.70 125.10 304.10 50.10 EUR Million [+]
Gold Reserves 113.84 113.74 132.56 107.21 Tonnes [+]
Terrorism Index 4.18 4.17 5.91 3.43 [+]
Tourism Revenues 60.70 526.09 4104.37 13.81 EUR Million [+]
Tourist Arrivals 367378.00 407256.00 3881988.00 140107.00 persons [+]
Foreign Direct Investment 224.30 204.60 2608.90 -532.30 EUR Million [+]


Greece Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.