Greece posted a current account deficit of EUR 0.50 billion in September 2020, compared to a EUR 0.91 billion surplus in the same period last year, as the services surplus shrank to EUR 1.07 billion from EUR 3.16 billion due to a plunge in tourism revenues to EUR 0.83 billion from EUR 2.89 billion. Meanwhile, the goods deficit narrowed to EUR 1.49 billion from 2 billion a year ago, and the primary income account shifted to a small surplus of 8.1 million compared to a deficit of 57.1 million in September of 2019. The secondary income surplus decreased to EUR 0.08 billion from EUR 0.20 billion in the same period of 2019. source: Bank of Greece

Current Account in Greece averaged -1031.44 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 November of 2020.

Current Account in Greece is expected to be -1780.00 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 -870.00 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.

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Greece Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-499.00 79.66 2656.79 -4730.32 1997 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-08-20 07:30 AM Jun €-1.421B €-0.914B €-1.3B
2020-09-21 08:00 AM Jul €-0.874B €-1.421B €0.1B
2020-10-21 08:00 AM Aug €0.08B €-0.874B €0.5B
2020-11-20 09:00 AM Sep €-0.499B €0.08B €-1.2B
2020-12-21 09:00 AM Oct €-0.499B €-1.7B
2021-01-20 09:00 AM Nov
2021-02-19 09:00 AM Dec
2021-03-19 09:00 AM Jan


News Stream
Greek Current Account Swings to Gap in September
Greece posted a current account deficit of EUR 0.50 billion in September 2020, compared to a EUR 0.91 billion surplus in the same period last year, as the services surplus shrank to EUR 1.07 billion from EUR 3.16 billion due to a plunge in tourism revenues to EUR 0.83 billion from EUR 2.89 billion. Meanwhile, the goods deficit narrowed to EUR 1.49 billion from 2 billion a year ago, and the primary income account shifted to a small surplus of 8.1 million compared to a deficit of 57.1 million in September of 2019. The secondary income surplus decreased to EUR 0.08 billion from EUR 0.20 billion in the same period of 2019.
2020-11-20
Greek Current Account Surplus Narrows in August
Greece's current account surplus narrowed sharply to EUR 0.08 billion in August 2020 from EUR 1.80 billion in the same month last year, as the service surplus declined to EUR 1.61 billion from EUR 4.46 billion due to a fall in tourism revenues (EUR 1.37 billion from EUR 4.10 billion). Meanwhile, the goods deficit shrank to EUR 1.40 billion from EUR 1.87 billion a year ago, and the primary income gap dropped to EUR 0.20 billion from EUR 0.67 billion.
2020-10-22
Greek Current Account Balance Swings to Gap
Greece posted a current account deficit of EUR 0.87 billion in July of 2020 compared to a EUR 1.35 billion surplus in the same month of last year, as the services surplus narrowed to EUR 0.80 billion from EUR 4 billion due to lower tourism revenues (EUR 0.58 billion from EUR 5.72 billion) and transport receipts (EUR 1.19 billion from EUR 1.62 billion). Meanwhile, the goods deficit fell to EUR 1.60 billion from EUR 2.01 billion a year ago, as imports and exports fell 15.8% and 12.6%, respectively. Also, the primary income shortfall decreased marginally to EUR 0.53 billion from EUR 0.60 billion and the secondary income balance shifted to a surplus of EUR 0.46 billion compared to a deficit of EUR 0.08 billion.
2020-09-21
Greek Current Account Swings to Deficit as Virus Hits Tourism
Greece posted a current account deficit of EUR 1.42 billion in June 2020, compared to a EUR 0.81 billion surplus in the same period last year, as the services surplus narrowed sharply to EUR 0.30 billion from EUR 2.82 billion due to falling tourism revenues (EUR 0.01 billion from EUR 2.56 billion). Meanwhile, the goods deficit fell to EUR 1.34 billion from EUR 1.58 billion a year ago, while the primary income gap and the secondary income deficit were almost unchanged at EUR 0.33 billion and EUR 0.01 billion, respectively.
2020-08-20

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).