Greeceā€™s current account deficit narrowed to EUR 2.403 billion in March 2023, from EUR 2.520 billion in the same month of the previous year, as secondary income shifted to a surplus of EUR 379.8 million from EUR 194.1 billion deficit, while service surplus increased to EUR 401.6 million from EUR 398.3 million. Meanwhile, the primary income deficit sharply rose to EUR 573.3 million from 50.3 million, while goods account deficit narrowed to EUR 2.61 billion from EUR 2.67 billion a year earlier. source: Bank of Greece

Current Account in Greece averaged -1056.43 EUR Million from 1997 until 2023, 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 June of 2023.

Current Account in Greece is expected to be -740.00 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Current Account is projected to trend around -500.00 EUR Million in 2024 and -390.00 EUR Million in 2025, according to our econometric models.

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Greece Current Account



Calendar GMT Actual Previous Consensus TEForecast
2023-04-20 08:00 AM Feb ā‚¬-1.325B ā‚¬-0.125B ā‚¬-0.8B
2023-05-22 08:00 AM Mar ā‚¬-2.403B ā‚¬-1.325B ā‚¬ -1.3B
2023-06-20 08:00 AM Apr ā‚¬-2.403B


Related Last Previous Unit Reference
Balance of Trade -2580.00 -2257.90 EUR Million Mar 2023
Current Account -2402.72 -1324.94 EUR Million Mar 2023
Exports 4800.80 4404.20 EUR Million Mar 2023
Imports 7384.00 6662.10 EUR Million Mar 2023
External Debt 546717.91 558223.12 EUR Million Dec 2022
Capital Flows -2480.64 -369.19 EUR Million Mar 2023
Remittances 111.88 98.97 EUR Million Mar 2023
Tourism Revenues 267.60 241.06 EUR Million Mar 2023
Foreign Direct Investment 382.40 316.70 EUR Million Mar 2023

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).
Actual Previous Highest Lowest Dates Unit Frequency
-2402.72 -1324.94 2656.79 -4730.32 1997 - 2023 EUR Million Monthly
Current Prices, NSA

News Stream
Greece Current Account Deficit Narrows
Greeceā€™s current account deficit narrowed to EUR 2.403 billion in March 2023, from EUR 2.520 billion in the same month of the previous year, as secondary income shifted to a surplus of EUR 379.8 million from EUR 194.1 billion deficit, while service surplus increased to EUR 401.6 million from EUR 398.3 million. Meanwhile, the primary income deficit sharply rose to EUR 573.3 million from 50.3 million, while goods account deficit narrowed to EUR 2.61 billion from EUR 2.67 billion a year earlier.
2023-05-22
Greece Current Account Gap Narrows in February
Greeceā€™s current account deficit narrowed to EUR 1.325 billion in February 2023, from EUR 2.344 billion in the corresponding period of the previous year, as the secondary income surplus widened to EUR 75.4 million from EUR 66.8 million, while service surplus increased to EUR 324.8 million from EUR 245.2 million. On the other hand, the primary income surplus narrowed to EUR 575.1 million from EUR 689.7 million, while goods account deficit narrowed to EUR 2.3 billion from EUR 3.3 billion a year earlier.
2023-04-20
Greece Posts Smallest Current Account Gap since 2018
Greece's current account deficit shrank to EUR 0.1 billion in January 2023 from EUR 2.1 billion in the same month a year ago. It was the smallest monthly current account shortfall since June 2018, as the secondary income surplus widened sharply to EUR 1.5 billion from EUR 0.1 billion in the previous year, and the primary income surplus also rose to EUR 0.6 billion from EUR 0.5 billion. At the same time, the goods deficit narrowed to EUR 2.5 billion from EUR 3.1 billion a year earlier, due to a larger increase in exports (30.4%) than in imports (5.6%). Meanwhile, the services surplus fell to EUR 0.3 billion from EUR 0.4 billion, which was partly offset by a decrease in tourism revenues.
2023-03-23