Current Account in Greece

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

Greece - Current Account (billions of Euros)

Green shoots have appeared in Greece’s economy. GDP expanded at the fastest pace since Q1 2008 in the third quarter as private consumption growth hit a multi-year high. A gradual improvement in the labor market has supported household consumption, however, the low basis of comparison also influenced the result. Despite the positive reading, the economy is still on a weak footing and the manufacturing PMI fell in November. The country entered a collision course with creditors in December after the government approved a series of spending increases including a Christmas bonus for pensioners. In retaliation, the European Stability Mechanism’s board of directors froze a deal made earlier in the month on short-term debt relief.

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 Yield7.040.0 %Jan 20
Exchange Rate1.070.63 %Jan 20
Stock Market639-0.52 %Jan 20

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