Trade Balance in Greece

Greece Trade Balance (EUR) | Economic News & Forecasts

Greece - Trade Balance (Euros)

Government officials and the country’s creditors reached a deal on 2 May, after weeks of butting heads over required reforms. The agreement stipulates that the government will enact fresh austerity measures, including pension cuts and structural reforms, paving the way for the next disbursement of over EUR 7 billion as part of the bailout program. Although the government holds a razor-slim majority in parliament, the package of austerity measures is expected to be passed smoothly. The agreement comes amid a mixed economic panorama: industrial production growth soared in February, but the unemployment rate remained elevated in January. On the bright side, the government’s primary surplus came in at 4.2% of GDP in 2016, significantly above the bailout program target of 0.5%.

Greece - Trade Balance (EUR) Data

2011  2012  2013  2014  2015  
Trade Balance (EUR billion)-24.3  -19.8  -15.2  -17.0  -14.2  

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Greece Trade Balance (EUR) Chart

Greece Trade
Note: Trade balance (in EUR bn).
Source: National Statistical Service and FocusEconomics calculations.

Greece Facts

Bond Yield5.68-0.68 %May 10
Exchange Rate1.09-0.20 %May 10
Stock Market7921.75 %May 10

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