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. source: Bank of Greece

Current Account in Greece averaged -1034.55 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 December of 2022.

Current Account in Greece is expected to be -1500.00 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 -1000.00 EUR Million in 2023 and -500.00 EUR Million in 2024, according to our econometric models.

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Greece Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-10-21 08:00 AM Aug €0.449B €1.104B €-0.3B
2022-11-21 09:00 AM Sep €-0.811B €0.449B €0.2B
2022-12-21 09:00 AM Oct €-0.811B


Related Last Previous Unit Reference
Current Account -811.40 449.15 EUR Million Sep 2022
External Debt 560813.21 565233.21 EUR Million Jun 2022
Capital Flows 76.58 1184.07 EUR Million Sep 2022
Remittances 120.97 129.50 EUR Million Sep 2022
Tourism Revenues 2855.36 4042.90 EUR Million Sep 2022
Foreign Direct Investment 621.80 306.30 EUR Million Sep 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
-811.40 449.15 2656.79 -4730.32 1997 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
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
Greece Current Account Surplus Narrows Sharply in August
Greece’s current account surplus shrank to EUR 0.449 billion in August of 2022 from EUR 1.402 billion in the corresponding month of the previous year, mainly due to a large deterioration in the secondary income account (EUR -0.189 billion vs EUR 0.894 billion) as receipts in the general government balance decreased sharply. In addition, the goods deficit widened to EUR 3.008 billion from EUR 2.421 billion last year, and the primary income gap increased to EUR 0.559 billion from EUR 0.375 billion. On the other hand, the services surplus rose to EUR 4.205 billion from EUR 3.304 billion, with tourism revenues surging 28.1 percent to EUR 4.043 billion.
2022-10-21
Greek Current Account Surplus Almost Doubles in July
Greece’s current account surplus widened to €1.1 billion in July of 2022 from €0.6 billion in the corresponding period of the previous year. It was the largest monthly current account surplus since August last year, mainly due to an improvement in the balance of services (€3.9 billion from €2.5 billion in July 2021) while the primary income deficit was little changed at €0.3 billion. Meanwhile, there was a deterioration in the balance of goods (€-3.1 billion from €-2.2 billion), and the secondary income account surplus fell slightly to €0.6 billion from €0.7 billion a year ago.
2022-09-20