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.