Greece posted a EUR 874 million surplus in June 2019, compared to a EUR 9 million deficit in the same month last year, as the services surplus increased to EUR 2,879 million from EUR 2,541, with tourism revenues rising to EUR 2,620 million from EUR 2,252 million. In addition, the goods deficit narrowed to EUR 1,578 million from EUR 2,073 million a year ago, while the primary income gap decreased to EUR 373 million from EUR 454 million. The secondary income deficit however widened to EUR 55 million from EUR 23 million a year earlier. Current Account in Greece averaged -1096.30 EUR Million from 1997 until 2019, reaching an all time high of 2601.40 EUR Million in July of 2013 and a record low of -4730.30 EUR Million in December of 2007.

Current Account in Greece is expected to be 1600.00 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 1250.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -650.00 EUR Million in 2020, according to our econometric models.

Greece Current Account
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-21 08:00 AM Current Account Mar €-1.50B €-0.99B €-1.2B
2019-06-20 08:15 AM Current Account Apr €-1.4B €-1.503B €-1.6B
2019-07-19 08:15 AM Current Account May €0.301B €-1.4B €-0.1B
2019-08-20 08:00 AM Current Account Jun €0.874B €0.301B €1.0B
2019-09-20 08:00 AM Current Account Jul €0.874B €1.4B
2019-10-21 08:00 AM Current Account Aug €1.2B
2019-11-20 09:00 AM Current Account Sep €1.6B


Greece Trade Last Previous Highest Lowest Unit
Balance of Trade -1526.50 -2210.00 -619.80 -4328.60 EUR Million [+]
Current Account 874.40 300.60 2601.40 -4730.30 EUR Million [+]
Current Account to GDP -2.90 -1.80 -0.10 -15.20 percent [+]
Imports 4289.30 5276.80 6219.50 1919.00 EUR Million [+]
Exports 2762.80 3066.80 3151.30 691.90 EUR Million [+]
External Debt 404104.62 403410.77 453124.10 142217.00 EUR Million [+]
Capital Flows 951.13 220.59 5937.60 -4086.60 EUR Million [+]
Remittances 114.00 103.00 247.30 50.10 EUR Million [+]
Gold Reserves 113.20 113.10 132.56 107.21 Tonnes [+]
Terrorism Index 4.29 4.14 5.91 3.43 [+]
Tourism Revenues 2620.20 1605.10 3601.30 109.00 EUR Million [+]
Tourist Arrivals 495608.00 358364.00 3826994.00 140107.00 persons [+]
Crude Oil Production 5.00 4.00 11.00 0.00 BBL/D/1K [+]
Foreign Direct Investment 196.10 694.70 2608.90 -532.30 EUR Million [+]

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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). 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
874.40 300.60 2601.40 -4730.30 1997 - 2019 EUR Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20646.19 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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