Greece's current account deficit shrank to EUR 0.1 billion in January 2023 from EUR 2.1 billion in the same month a year ago. It was the smallest monthly current account shortfall since June 2018, as the secondary income surplus widened sharply to EUR 1.5 billion from EUR 0.1 billion in the previous year, and the primary income surplus also rose to EUR 0.6 billion from EUR 0.5 billion. At the same time, the goods deficit narrowed to EUR 2.5 billion from EUR 3.1 billion a year earlier, due to a larger increase in exports (30.4%) than in imports (5.6%). Meanwhile, the services surplus fell to EUR 0.3 billion from EUR 0.4 billion, which was partly offset by a decrease in tourism revenues. source: Bank of Greece

Current Account in Greece averaged -1051.43 EUR Million from 1997 until 2023, 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 March of 2023.

Current Account in Greece is expected to be -1300.00 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 -500.00 EUR Million in 2024 and -390.00 EUR Million in 2025, according to our econometric models.

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Greece Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-02-20 09:00 AM Dec €-2.663B €-3.929B € -1.5B
2023-03-23 09:00 AM Jan €-0.125B €-2.663B €-1.85B
2023-04-20 08:00 AM Feb €-0.125B


Related Last Previous Unit Reference
Balance of Trade -2364.50 -2897.80 EUR Million Jan 2023
Current Account -125.19 -2662.85 EUR Million Jan 2023
Exports 4462.70 4562.40 EUR Million Jan 2023
Imports 6827.10 7460.20 EUR Million Jan 2023
External Debt 556723.12 560833.21 EUR Million Sep 2022
Capital Flows 3094.46 -2485.26 EUR Million Jan 2023
Remittances 822.55 203.02 EUR Million Jan 2023
Tourism Revenues 224.22 247.11 EUR Million Jan 2023
Foreign Direct Investment 211.10 -149.10 EUR Million Jan 2023

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
-125.19 -2662.85 2656.79 -4730.32 1997 - 2023 EUR Million Monthly
Current Prices, NSA

News Stream
Greece Posts Smallest Current Account Gap since 2018
Greece's current account deficit shrank to EUR 0.1 billion in January 2023 from EUR 2.1 billion in the same month a year ago. It was the smallest monthly current account shortfall since June 2018, as the secondary income surplus widened sharply to EUR 1.5 billion from EUR 0.1 billion in the previous year, and the primary income surplus also rose to EUR 0.6 billion from EUR 0.5 billion. At the same time, the goods deficit narrowed to EUR 2.5 billion from EUR 3.1 billion a year earlier, due to a larger increase in exports (30.4%) than in imports (5.6%). Meanwhile, the services surplus fell to EUR 0.3 billion from EUR 0.4 billion, which was partly offset by a decrease in tourism revenues.
2023-03-23
Greek Current Account Deficit Widens in December
Greece's current account deficit increased to EUR 2.7 billion in December 2022 from EUR 2.3 billion in the corresponding month of the previous year. The goods deficit narrowed to EUR 3 billion from EUR 3.3 billion in December of 2021, as exports jumped 26.5% to EUR 4.4 billion whereas imports grew at a softer 9.2% to EUR 7.4 billion. At the same time, the primary income swung to a deficit of EUR 0.03 billion from a EUR 0.02 billion surplus and the services surplus was little changed around EUR 0.4 billion. Meanwhile, the secondary income surplus decreased to EUR 0.01 billion from EUR 0.6 billion a year ago.
2023-02-20
Greece Posts Widest Current Account Gap since 2008
Greece's current account deficit increased to EUR 3.9 billion in November 2022 from EUR 2.7 billion in the corresponding month of the previous year. It was the largest monthly current account shortfall since March of 2008, as the goods deficit widened considerably to EUR 3.8 billion from EUR 2.9 billion in November of 2021, with imports (22.6% to EUR 8.4 billion) outstripping exports (16.7% to EUR 4.6 billion). At the same time, the primary income gap rose slightly to EUR 0.3 billion from EUR 0.2 billion; and the secondary income deficit was little changed around EUR 0.2 billion. Meanwhile, the services surplus decreased to EUR 0.3 billion from EUR 0.5 billion a year ago.
2023-01-20