The current account gap in Greece narrowed to EUR 1.1 billion in April of 2020 from EUR 1.4 billion a year earlier. The goods deficit decreased to EUR 1.3 billion from EUR 1.8 billion, mainly due to a decline in the value of oil exports and imports, amid a decrease in international oil prices. The services surplus shrank to EUR 0.39 billion from EUR 0.57 billion, reflecting a sharp deterioration in the travel and transport balances. Also, the primary income gap fell to EUR 0.13 billion from EUR 0.16 billion while the secondary income deficit widened to EUR 0.13 billion from EUR 0.08 billion.
Current Account in Greece averaged -1036.05 EUR Million from 1997 until 2020, 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 July of 2020.
Current Account in Greece is expected to be -1690.00 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 -520.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -920.00 EUR Million in 2021 and -650.00 EUR Million in 2022, according to our econometric models.