Greece posted a current account deficit of EUR 0.50 billion in September 2020, compared to a EUR 0.91 billion surplus in the same period last year, as the services surplus shrank to EUR 1.07 billion from EUR 3.16 billion due to a plunge in tourism revenues to EUR 0.83 billion from EUR 2.89 billion. Meanwhile, the goods deficit narrowed to EUR 1.49 billion from 2 billion a year ago, and the primary income account shifted to a small surplus of 8.1 million compared to a deficit of 57.1 million in September of 2019. The secondary income surplus decreased to EUR 0.08 billion from EUR 0.20 billion in the same period of 2019. source: Bank of Greece
Current Account in Greece averaged -1031.44 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 November of 2020.
Current Account in Greece is expected to be -1780.00 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 -870.00 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.