Greece's current account deficit increased to EUR 3.9 billion in November 2022 from EUR 2.7 billion in the corresponding month of the previous year. It was the largest monthly current account shortfall since March of 2008, as the goods deficit widened considerably to EUR 3.8 billion from EUR 2.9 billion in November of 2021, with imports (22.6% to EUR 8.4 billion) outstripping exports (16.7% to EUR 4.6 billion). At the same time, the primary income gap rose slightly to EUR 0.3 billion from EUR 0.2 billion; and the secondary income deficit was little changed around EUR 0.2 billion. Meanwhile, the services surplus decreased to EUR 0.3 billion from EUR 0.5 billion a year ago. source: Bank of Greece

Current Account in Greece averaged -1049.22 EUR Million from 1997 until 2022, 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 2023.

Current Account in Greece is expected to be -1300.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Greece Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-12-21 09:00 AM Oct €-2.704B €-0.811B €-0.4B
2023-01-20 09:00 AM Nov €-3.929B €-2.704B €-1500B
2023-02-21 09:00 AM Dec €-3.929B € -1.5B


Related Last Previous Unit Reference
Balance of Trade -3752.90 -4055.40 EUR Million Nov 2022
Current Account -3929.00 -2703.82 EUR Million Nov 2022
Exports 4739.90 4771.00 EUR Million Nov 2022
Imports 8492.80 8826.40 EUR Million Nov 2022
External Debt 556723.12 560833.21 EUR Million Sep 2022
Capital Flows -3481.26 -2368.35 EUR Million Nov 2022
Remittances 132.04 123.39 EUR Million Nov 2022
Tourism Revenues 313.97 1510.40 EUR Million Nov 2022
Foreign Direct Investment 392.70 621.80 EUR Million Oct 2022

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
-3929.00 -2703.82 2656.79 -4730.32 1997 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Greece Posts Widest Current Account Gap since 2008
Greece's current account deficit increased to EUR 3.9 billion in November 2022 from EUR 2.7 billion in the corresponding month of the previous year. It was the largest monthly current account shortfall since March of 2008, as the goods deficit widened considerably to EUR 3.8 billion from EUR 2.9 billion in November of 2021, with imports (22.6% to EUR 8.4 billion) outstripping exports (16.7% to EUR 4.6 billion). At the same time, the primary income gap rose slightly to EUR 0.3 billion from EUR 0.2 billion; and the secondary income deficit was little changed around EUR 0.2 billion. Meanwhile, the services surplus decreased to EUR 0.3 billion from EUR 0.5 billion a year ago.
2023-01-20
Greece Current Account Gap Nearly Doubles in October
Greece's current account deficit increased to EUR 2.7 billion in October 2022 from EUR 1.2 billion in the corresponding month of the previous year. It was the widest monthly current account shortfall since November last year, as the goods trade balance deficit ballooned to EUR 4.1 billion from EUR 2.5 billion a year ago, due to a larger increase in imports (+42.5%) than in exports (+28.3%). At the same time, the services surplus shrank to EUR 1.6 billion from EUR 1.7 billion, attributable to a deterioration in the transport and other services balances, while the travel balance improved. Meanwhile, the primary income account turned almost stable, owing mainly to lower interest, dividend and profit payments; and the secondary account deficit was barely unchanged at EUR 0.2 billion.
2022-12-21
Greek Current Account Deficit Widens in September
Greece's current account deficit increased to EUR 0.81 billion in September 2022 from EUR 0.3 billion in the corresponding month of the previous year, as the goods deficit widened to EUR 3.71 billion from EUR 2.31 billion a year ago. Meanwhile, the services surplus increased to EUR 3.0 billion from EUR 2.3 billion, mostly on the back of rising tourism revenues (EUR 2.9 billion from EUR 2.1 billion). Additionally, the primary income account shifted to a small surplus of EUR 0.12 billion compared to a deficit of EUR 0.09 billion in the same month last year, while the secondary income deficit narrowed to EUR 0.18 billion from EUR 0.21 billion. Considering the first nine months of the year, the current account deficit widened sharply to EUR 10.8 billion from EUR 6.1 billion in the same period of 2021.
2022-11-21