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 September of 2021.

Current Account to GDP in Greece is expected to reach -7.60 percent of GDP 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 of GDP in 2022 and -4.00 percent of GDP 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 -2119.40 -1983.00 -619.80 -4328.60 EUR Million [+]
Current Account 538.00 -1337.90 2656.79 -4730.32 EUR Million [+]
Current Account to GDP -6.70 -1.50 -0.10 -15.20 percent of GDP [+]
Imports 5651.20 5367.50 6219.50 1919.00 EUR Million [+]
Exports 3530.20 3384.60 3530.20 691.90 EUR Million [+]
External Debt 503573.83 496188.60 503573.83 142217.00 EUR Million [+]
Capital Flows -402.78 -829.22 6037.71 -3705.44 EUR Million [+]
Remittances 118.25 92.70 304.05 50.10 EUR Million [+]
Gold Reserves 113.96 113.93 132.56 107.21 Tonnes [+]
Terrorism Index 4.18 4.17 5.91 3.43 [+]
Tourism Revenues 2275.34 790.71 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 578.80 640.40 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.