Greece recorded a Current Account deficit of 6.70 percent of the country's Gross Domestic Product in 2020. source: EUROSTAT

Current Account to GDP in Greece averaged -4.96 percent from 1980 until 2020, 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 June of 2021.

Current Account to GDP in Greece is expected to reach -7.60 percent by the end of 2021, 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 -5.30 percent in 2022 and -4.00 percent in 2023, according to our econometric models.

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Greece Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-6.70 -1.50 -0.10 -15.20 1980 - 2020 percent of GDP Yearly

Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1840.00 -2090.30 -619.80 -4328.60 EUR Million [+]
Current Account -2079.00 -1462.00 2656.79 -4730.32 EUR Million [+]
Current Account to GDP -6.70 -1.50 -0.10 -15.20 percent of GDP [+]
Imports 5014.80 5428.40 6219.50 1919.00 EUR Million [+]
Exports 3172.10 3338.10 3338.10 691.90 EUR Million [+]
External Debt 494508.60 488706.82 494508.60 142217.00 EUR Million [+]
Capital Flows -1639.42 -1874.04 6037.71 -3705.44 EUR Million [+]
Remittances 109.40 223.20 304.10 50.10 EUR Million [+]
Gold Reserves 113.93 113.90 132.56 107.21 Tonnes [+]
Terrorism Index 4.18 4.17 5.91 3.43 [+]
Tourism Revenues 42.94 33.88 4104.37 13.81 EUR Million [+]
Tourist Arrivals 88101.00 72830.00 3881988.00 17.00 persons [+]
Weapons Sales 17.00 30.00 31.00 1.00 SIPRI TIV Million [+]
Foreign Direct Investment 180.80 323.70 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.