Current Account in Greece

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

Greece - Current Account (billions of Euros)

The country’s shaky economic recovery continued in the first quarter, after recently-revised GDP figures revealed that the economy returned to growth. Booming fixed investment and rising private consumption supported activity, although the overall economic panorama is still bleak due to tight financing and austerity measures. Recent data for Q2 is mixed: industrial production growth slowed notably in April, but the manufacturing PMI edged up in May. On the political front, the country’s creditors finally greenlighted the next tranche of financing in June after months of deadlock between the IMF and Eurozone lenders. The news is positive for the country’s outlook and removes the risk of a default on debt repayments in July. However, details of debt relief measures to improve the country’s debt sustainability were scarce and concerns over Greece’s future financing needs persist.

Greece - Current Account (EUR bn) Data

2011  2012  2013  2014  2015  
Current Account Balance (EUR bn)-20.7  -7.3  -3.7  -2.9  0.2  

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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 Yield5.23-0.54 %Jul 18
Exchange Rate1.160.96 %Jul 18
Stock Market848-1.17 %Jul 18

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