Current Account in Greece

Greece Current Account (EUR bn) | Economic News & Forecasts

Greece - Current Account (billions of Euros)

A sliver of progress was made in Greece’s bailout review negotiations on 20 February, suggesting that the Greek debt saga may not end in tragedy after all. The government agreed to implement IMF-mandated reforms including lowering the threshold of tax-free income and amending the pension system. These measures are a large climb-down by Prime Minister Alexis Tsipras as they had previously been red-lines for the government, but are a step in the right direction towards a successful bailout review. While the agreement signals progress, a number of hurdles remain before the country can unlock fresh funds and the IMF has still not signed on to the third bailout—a key requirement from the country’s European lenders. Meanwhile, recent economic data show that the economy is on weak footing: growth stalled in Q4 2016.

Greece - Current Account (EUR bn) Data

2011  2012  2013  2014  2015  
Current Account Balance (EUR bn)-20.7  -7.3  -3.7  -3.8  -0.1  

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Greece Current Account (EUR bn) Chart

Greece Current Account
Note: Current account balance as % of GDP.
Source: Greece Central Bank and FocusEconomics calculations.

Greece Facts

Bond Yield7.51-1.63 %Mar 23
Exchange Rate1.08-0.13 %Mar 23
Stock Market640-0.07 %Mar 23

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