Current Account in Greece

Greece Current Account | Economic News & Forecasts

Greece - Current Account

After GDP growth rebounded firmly in Q2, the economy likely expanded at a softer, albeit still-strong, pace in the third quarter: Industrial output growth came in below Q2’s average in monthly terms in July–September, hinting at waning private sector activity. Conversely, a notable drop in the unemployment rate in the quarter will have boosted household spending. Meanwhile, although the tourism sector remained below pre-pandemic levels, upbeat tourist arrivals in September continued to buoy the external sector, according to secondary data. Moving on to Q4, a near 10-year high inflation rate in October has likely capped private consumption growth. Lastly, following a record number of new Covid-19 infections recently, authorities imposed restrictions on the unvaccinated population starting from late November, barring them from a number of indoor activities.

Greece - Current Account Data

2015   2016   2017   2018   2019  
Current Account (% of GDP)-0.8  -1.7  -1.9  -2.8  -1.4  

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Greece Current Account Chart

Greece Current Account
Note: Current account balance as % of GDP.
Source: Greece Central Bank and FocusEconomics calculations.

Greece Facts

Value Change Date
Bond Yield1.910.76 %Jan 01
Exchange Rate1.120.65 %Dec 31

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