Greece's current account deficit widened to EUR 0.654 billion in December of 2020 from EUR 0.572 billion in the corresponding month of the previous year. The services surplus shrank to EUR 0.22 billion from EUR 0.50 billion, as tourism revenues fell to EUR 33.5 million from EUR 294.4 million in December of 2019. On the other hand, the goods gap narrowed to EUR 1.53 billion from EUR 1.63 billion a year ago, as imports slipped 1.1 percent, while exports rose 2.0 percent. Additionally, primary income rebounded to EUR 0.10 billion from a EUR 0.08 billion deficit and the secondary income surplus narrowed to EUR 0.56 billion from EUR 0.64 billion. Considering full 2020, the current account deficit widened to EUR 11.17 billion, from EUR 2.73 billion in the prior year. source: Bank of Greece

Current Account in Greece averaged -1030.41 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 February of 2021.

Current Account in Greece is expected to be -650.00 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 -920.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -920.00 EUR Million in 2022 and -650.00 EUR Million in 2023, according to our econometric models.

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Greece Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-653.84 -1258.80 2656.79 -4730.32 1997 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-11-20 09:00 AM Sep €-0.499B €0.08B €-1.2B
2020-12-21 09:00 AM Oct €-0.767B €-0.499B €-1.2B
2021-01-20 08:50 AM Nov €-1.259B €-0.767B €-1.4B
2021-02-22 09:00 AM Dec €-0.654B €-1.259B €-1.0B
2021-03-19 09:00 AM Jan €-0.654B
2021-04-21 08:00 AM Feb
2021-05-21 08:00 AM Mar
2021-06-18 08:00 AM Apr


News Stream
Greece Current Account Gap Widens in December
Greece's current account deficit widened to EUR 0.654 billion in December of 2020 from EUR 0.572 billion in the corresponding month of the previous year. The services surplus shrank to EUR 0.22 billion from EUR 0.50 billion, as tourism revenues fell to EUR 33.5 million from EUR 294.4 million in December of 2019. On the other hand, the goods gap narrowed to EUR 1.53 billion from EUR 1.63 billion a year ago, as imports slipped 1.1 percent, while exports rose 2.0 percent. Additionally, primary income rebounded to EUR 0.10 billion from a EUR 0.08 billion deficit and the secondary income surplus narrowed to EUR 0.56 billion from EUR 0.64 billion. Considering full 2020, the current account deficit widened to EUR 11.17 billion, from EUR 2.73 billion in the prior year.
2021-02-22
Greek Current Account Gap Narrows in November
Greece's current account deficit shrank to EUR 1.26 billion in November of 2020 from EUR 1.39 billion in the corresponding month of the previous year. The goods gap narrowed to EUR 1.44 billion from EUR 1.68 billion a year ago, as imports slipped 9.1 percent while exports fell at a softer 5.7 percent. At the same time, the services surplus fell slightly to EUR 0.43 billion from EUR 0.56 billion, as tourism revenues declined to EUR 61 million from EUR 315 million in November of 2019. On the other hand, the primary income shortfall decreased slightly to EUR 0.09 billion from EUR 0.21 billion and the secondary income deficit rose to EUR 0.16 billion from EUR 0.05 billion.
2021-01-20
Greek Current Account Gap Rises in October
Greece's current account deficit widened to EUR 0.767 billion in October of 2020 from EUR 0.678 billion in the corresponding month of the previous year. The goods and services gap rose to EUR 0.587 billion from EUR 0.415 billion a year ago while the primary income shortfall narrowed to EUR 0.04 billion from EUR 0.108 billion and the secondary income deficit fell to EUR 0.139 billion from EUR 0.156 billion.
2020-12-21
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

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).