Greece's current account deficit shrank to EUR 840.3 million in February of 2021 from EUR 1,154.6 million in the corresponding month of the previous year. The goods gap narrowed to EUR 1,334 million from EUR 1,794 million a year ago, as imports slipped 5.1 percent while exports rose 9.5 percent, mainly due to changes in oil prices. Additionally, the primary income surplus increased to EUR 347 million from EUR 156 million on lower net interest, dividend and profit payments abroad. In contrast, the services surplus dropped to EUR 230 million from EUR 387 million, as the coronavirus pandemic reduced both the number of tourist arrivals (-87.8 percent) and receipts (-89.4 percent). Finally, the secondary income account switched to a deficit of EUR 84 million from a surplus of EUR 97 million. source: Bank of Greece
Current Account in Greece averaged -1027.63 EUR Million from 1997 until 2021, 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 May of 2021.
Current Account in Greece is expected to be -520.00 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 -880.00 in 12 months time. In the long-term, the Greece Current Account is projected to trend around -780.00 EUR Million in 2022 and -650.00 EUR Million in 2023, according to our econometric models.