Trade Balance in Greece
Greece - Trade Balance (Euros)Despite passing a raft of fresh austerity measures to appease creditors on 18 May, the country is moving closer to another summer crisis. The IMF and Eurozone finance ministers continue to clash over the sustainability of the country’s debt load, and the standoff is the last obstacle blocking a fresh EUR 7.3 billion in funds for the country, which are needed to fulfill a heavy debt repayment load in July. On top of this, the economic panorama is grim. GDP contracted again in Q1 2017 as growth fails to emerge despite a battery of economic reforms. The country has by far the highest unemployment rate in the Eurozone and while the manufacturing PMI improved slightly in April, it remained firmly in contractionary territory.
Greece - Trade Balance (EUR) Data
|Trade Balance (EUR billion)||-24.3||-19.8||-15.2||-17.0||-14.2|
5 years of economic forecasts for more than 30 economic indicators.
Greece Trade Balance (EUR) Chart
Source: National Statistical Service and FocusEconomics calculations.
|Bond Yield||5.67||-3.49 %||Jun 16|
|Exchange Rate||1.12||0.43 %||Jun 16|
|Stock Market||806||0.80 %||Jun 16|
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June 23, 2017
A complete dataset released on 2 June by the Hellenic Statistical Authority (EL.STAT) revealed that the Greek economy performed much better than previously expected at the start of 2017.
June 9, 2017
Industrial production expanded a working-day adjusted 1.0% in April compared to the same month of last year, which was below March’s revised notable 10.1% growth (previously reported: +8.7% year-on-year).
June 8, 2017
The number of unemployed fell by 19,400 in March, according to the Hellenic Statistical Authority (EL.STAT.).
June 2, 2017
A complete dataset released on 2 June by the Hellenic Statistical Authority (EL.STAT) revealed that the economy performed much better than previously expected at the start of 2017.
June 1, 2017
The IHS Markit manufacturing Purchasing Managers’ Index (PMI) inched up in May, but business conditions remained dismal in Greece’s manufacturing sector.