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.