Greece's current account deficit shrank to EUR 0.54 billion in December of 2019 from EUR 1.51 billion in the same month last year. The secondary income balance improved shifting to a EUR 0.65 billion surplus from a EUR 0.05 billion gap, amid an increase in government receipts as a result of the second disbursement of SMP/ANFA profits from the European Stability Mechanism to the Greek government in the context of the medium-term debt relief measures. In addition, the goods deficit decreased to EUR 1.63 billion from EUR 1.82 billion in December 2018 and the primary income shortfall also fell to EUR 0.07 billion from EUR 0.14 billion. Meantime, the services surplus remained barely unchanged at EUR 0.51 billion. Considering the full year of 2019, the country's current account deficit declined to EUR 2.57 billion from EUR 5.23 billion a year earlier.
Current Account in Greece averaged -1034.19 EUR Million from 1997 until 2019, reaching an all time high of 2656.80 EUR Million in July of 2013 and a record low of -4730.30 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.
Current Account in Greece is expected to be -1100.00 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 -780.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -650.00 EUR Million in 2021, according to our econometric models.