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.

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Greece Current Account

Actual Previous Highest Lowest Dates Unit Frequency
-874.49 -1420.97 2656.79 -4730.32 1997 - 2020 EUR Million Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2020-06-19 08:00 AM Apr €-1.133B €-1.106B
2020-07-21 08:00 AM May €-0.914B €-1.133B €-1.6B
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 €-0.874B
2020-11-20 09:00 AM Sep € 1.7B
2020-12-21 09:00 AM Oct
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
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
Greek Current Account Swings to Deficit in May
Greece posted a current account deficit of EUR 914 million in May 2020, compared to a EUR 270 million surplus in the same period last year, as the services surplus shrank to EUR 328 million from EUR 1,796 million with tourism revenues slumping to EUR 13 million from EUR 1,566 million due to the coronavirus pandemic. At the same time, the secondary income account posted a EUR 115 million deficit, compared to a EUR 735 million surplus last year. Meanwhile, the goods deficit dropped to EUR 1,206 million from EUR 2,304 and the primary income surplus increased to EUR 79 million from EUR 44 million.
2020-07-21
Greece Current Account Gap Shrinks for 2nd Month
The current account gap in Greece narrowed to EUR 1.1 billion in April of 2020 from EUR 1.4 billion a year earlier. The goods deficit decreased to EUR 1.3 billion from EUR 1.8 billion, mainly due to a decline in the value of oil exports and imports, amid a decrease in international oil prices. The services surplus shrank to EUR 0.39 billion from EUR 0.57 billion, reflecting a sharp deterioration in the travel and transport balances. Also, the primary income gap fell to EUR 0.13 billion from EUR 0.16 billion while the secondary income deficit widened to EUR 0.13 billion from EUR 0.08 billion.
2020-06-19

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).