Greece's current account surplus narrowed to EUR 1.28 billion in July 2019 from EUR 1.31 billion in the same month last year, as imports outpaced exports. Still, tourism revenues rose to EUR 3.65 billion from EUR 3.28 billion in the same month a year earlier. Current Account in Greece averaged -1087.54 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.