Current Account in Greece

Greece Current Account | Economic News & Forecasts

Greece - Current Account

The economy seemed to have lost some traction in the final stretch of 2018, following a relatively solid showing, albeit one that was underpinned by inventory growth, in the third quarter. After rebounding strongly in November, industrial production growth cooled in December due to a contraction in manufacturing output. This, coupled with more pessimistic sentiment in both the industrial and construction sectors in the same month, point to somewhat softer business activity in Q4. On the demand front, weak retail sales growth, on average, in October–November hint at the persistence of subdued household spending in the quarter, despite improvements in the labor market and consumer confidence. Looking ahead, with the PMI and economic sentiment edging down in January, it appears the economy entered 2019 on similarly soft footing.

Greece - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-2.0  -1.6  -0.2  -1.1  -0.8  

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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

Bond Yield4.330.76 %Mar 11
Exchange Rate1.120.65 %Mar 11
Stock Market697-1.46 %Mar 08

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