Greece’s current account deficit rose to EUR 2.52 billion in November of 2021 from EUR 1.24 billion in the same month last year, as the goods shortfall widened to EUR 2.74 billion from EUR 1.44 billion a year ago, with imports jumping by 70.40 percent and exports rising by a softer 58.70 percent. At the same time, the primary income gap rose to EUR 0.14 billion from EUR 0.06 billion and the secondary income deficit increased to EUR 0.16 billion from EUR 0.15 billion. Conversely, the services surplus rose significantly to EUR 5.36 billion from EUR 4.18 billion, as receipts from transportation surged to EUR 1.76 billion from EUR 1.02 billion in November of 2020 and revenues from tourism rose to EUR 0.29 billion from EUR 0.07 billion. source: Bank of Greece

Current Account in Greece averaged -1021.60 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 January of 2022.

Current Account in Greece is expected to be -880.00 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 2023 and -650.00 EUR Million in 2024, according to our econometric models.

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Greece Current Account


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).
Actual Previous Highest Lowest Dates Unit Frequency
-2515.38 -780.84 2656.79 -4730.32 1997 - 2021 EUR Million Monthly
Current Prices, NSA

Calendar GMT Actual Previous Consensus TEForecast
2021-12-21 09:00 AM Oct €-0.781B €-0.177B €-0.5B
2022-01-20 09:00 AM Nov €-2.515B €-0.781B €-1.35B
2022-02-22 09:00 AM Dec €-2.515B


Related Last Previous Unit Reference
Current Account -2515.38 -780.84 EUR Million Nov/21
External Debt 538117.91 526462.73 EUR Million Sep/21
Capital Flows -1004.00 -1421.34 EUR Million Nov/21
Remittances 101.28 97.79 EUR Million Nov/21
Tourism Revenues 286.81 1438.33 EUR Million Nov/21
Foreign Direct Investment 668.10 223.60 EUR Million Nov/21


News Stream
Greek Current Account Gap Widens in November
Greece’s current account deficit rose to EUR 2.52 billion in November of 2021 from EUR 1.24 billion in the same month last year, as the goods shortfall widened to EUR 2.74 billion from EUR 1.44 billion a year ago, with imports jumping by 70.40 percent and exports rising by a softer 58.70 percent. At the same time, the primary income gap rose to EUR 0.14 billion from EUR 0.06 billion and the secondary income deficit increased to EUR 0.16 billion from EUR 0.15 billion. Conversely, the services surplus rose significantly to EUR 5.36 billion from EUR 4.18 billion, as receipts from transportation surged to EUR 1.76 billion from EUR 1.02 billion in November of 2020 and revenues from tourism rose to EUR 0.29 billion from EUR 0.07 billion.
2022-01-20
Greek Current Account Gap Widens in October
Greece's current account deficit rose to EUR 0.78 billion in October of 2021 from EUR 0.74 billion in the same month last year, as the goods shortfall widened to EUR 2.30 billion from EUR 1.44 billion a year ago, with imports jumping by 50.2 percent and exports rising by 44.6 percent. At the same time, the primary income gap rose to EUR 0.11 billion from EUR 0.03 billion and the secondary income deficit increased to EUR 0.18 billion from EUR 0.14 billion. Conversely, the services surplus rose significantly to EUR 1.81 billion from EUR 0.87 billion, as receipts from transportation surged to EUR 1.92 billion from EUR 1.03 billion in October of 2020 and revenues from tourism jumped to EUR 1.44 billion from EUR 0.55 billion.
2021-12-21
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