Greece posted a current account surplus of EUR 0.538 billion in July of 2021, compared to EUR 0.797 billion deficit in the corresponding month of the previous year, mainly due to an improvement in the service balance (EUR 2.46 billion from EUR 0.89 billion in July 2020), as tourism revenues jumped to EUR 2.275 billion from EUR 0.6780 billion in July last year when global restrictions to stem the spread of the COVID-19 pandemic took a heavy toll on travel. Both primary (EUR -0.36 billion from EUR -0.55 billion) and secondary income accounts (EUR 0.67 billion from EUR 0.45 billion) also improved which was partly offset by a deterioration in the balance of goods. Meanwhile, the goods deficit increased to EUR 2.23 billion from EUR 1.59 billion in the same month last year. Considering January-July, the current account deficit dropped to EUR 6.96 billion from EUR 7.85 billion, due to an improvement in the balance of services and the primary income account. source: Bank of Greece
Current Account in Greece averaged -1029.51 EUR Million from 1997 until 2021, 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 2021.
Current Account in Greece is expected to be -870.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Current Account is projected to trend around -780.00 EUR Million in 2022 and -650.00 EUR Million in 2023, according to our econometric models.