Greece’s current account surplus widened to €1.1 billion in July of 2022 from €0.6 billion in the corresponding period of the previous year. It was the largest monthly current account surplus since August last year, mainly due to an improvement in the balance of services (€3.9 billion from €2.5 billion in July 2021) while the primary income deficit was little changed at €0.3 billion. Meanwhile, there was a deterioration in the balance of goods (€-3.1 billion from €-2.2 billion), and the secondary income account surplus fell slightly to €0.6 billion from €0.7 billion a year ago. source: Bank of Greece

Current Account in Greece averaged -1032.75 EUR Million from 1997 until 2022, 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 September of 2022.

Current Account in Greece is expected to be -1500.00 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 -1000.00 EUR Million in 2023 and -500.00 EUR Million in 2024, according to our econometric models.

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Greece Current Account



Calendar GMT Actual Previous Consensus TEForecast
2022-08-19 08:00 AM Jun €-0.723B €-2.004B €-2.3B
2022-09-20 08:00 AM Jul €1.104B €-0.723B €-1.1B
2022-10-21 08:00 AM Aug €1.104B


Related Last Previous Unit Reference
Current Account 1104.00 -722.91 EUR Million Jul 2022
External Debt 565233.21 556421.52 EUR Million Mar 2022
Capital Flows 1927.07 196.77 EUR Million Jul 2022
Remittances 124.26 144.22 EUR Million Jul 2022
Tourism Revenues 3723.13 2617.61 EUR Million Jul 2022
Foreign Direct Investment 1056.00 635.20 EUR Million Jan 2022

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
1104.00 -722.91 2656.79 -4730.32 1997 - 2022 EUR Million Monthly
Current Prices, NSA

News Stream
Greek Current Account Surplus Almost Doubles in July
Greece’s current account surplus widened to €1.1 billion in July of 2022 from €0.6 billion in the corresponding period of the previous year. It was the largest monthly current account surplus since August last year, mainly due to an improvement in the balance of services (€3.9 billion from €2.5 billion in July 2021) while the primary income deficit was little changed at €0.3 billion. Meanwhile, there was a deterioration in the balance of goods (€-3.1 billion from €-2.2 billion), and the secondary income account surplus fell slightly to €0.6 billion from €0.7 billion a year ago.
2022-09-20
Greece Posts Smallest Current Account Gap in 9 Months
Greece’s current account deficit shrank to €0.7 billion in June of 2022 from €1.3 billion in the corresponding period of the previous year. That was the smallest monthly current account shortfall since September of 2021, due to an improvement in the services balance (€2.7 billion vs €0.8 billion in June of 2021), which was partly offset by a deterioration mainly of the balance of goods (€-2.9 billion vs €-2.1 billion) and, to a lesser extent, of the primary and secondary income accounts. Considering the first half of 2022, the country's current account deficit widened to €10.8 billion from €7.4 billion a year ago, owing primarily to a worsening of the balance of goods and, secondarily, of the primary income account.
2022-08-19
Greece Current Account Gap Narrows in May
Greece’s current account deficit widened to €2 billion in May of 2022 from €1.3 billion in the corresponding period of the previous year. The goods account gap widened significantly to €3.2 billion from €1.8 billion a year ago, driven by a 108% surge in imports of oil, while other imports increased by nearly 50%. Also, the secondary income deficit widened to €457 million from €96 million amid a 240% surge in general government payments, while the primary income surplus narrowed to €91 million from €207 million. On the other hand, the service surplus widened to €1.6 billion from €348 million, as the resumption of travel following the pandemic supported a 536% surge in travel receipts.
2022-07-21