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.
Current Account in Greece averaged -1036.36 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 September of 2020.
Current Account in Greece is expected to be -1690.00 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 -520.00 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.