Current Account in Greece

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

Greece - Current Account (billions of Euros)

Tensions between Greece and its creditors remained high at the start of the year, as the parties clashed over required reforms. Eurozone finance ministers postponed a review of the country’s bailout in January amid disagreements over labor and energy reforms as well as fiscal targets. A successful review of the bailout is vital for Greece as it will unlock much-needed fresh funds before heavy debt repayments in H2. On a positive note, a short-term debt relief deal from the Eurozone governments that was frozen in December was unblocked on 20 January. Recent economic data for Q4 is mixed: Industrial production growth slowed in November but the manufacturing PMI rose to a four-month high in December.

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 Yield7.83-0.03 %Feb 16
Exchange Rate1.070.92 %Feb 16
Stock Market6290.49 %Feb 16

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