Trade Balance in Greece

Greece Trade Balance | Economic News & Forecasts

Greece - Trade Balance

Following Q2’s robust rebound, GDP expanded at a somewhat softer, albeit still-solid, pace in Q3, largely benefiting from an upbeat external sector amid the country’s peak tourist season. Domestically, capital spending grew at a faster pace as easing concerns over the pandemic spurred investment, while household consumption lost steam. Turning to Q4, activity growth should have moderated further. A rising unemployment rate at the outset of the quarter, coupled with still-strong pessimism among consumers and high price pressures in October–November, bodes ill for household spending. However, the government’s recent announcement of new measures to counter the impact of elevated inflation for households and businesses should somewhat ease the burden. Meanwhile, tighter entry restrictions from 19 December are likely to hamper tourist inflows and weigh on the external sector in turn.

Greece - Trade Balance Data

2015   2016   2017   2018   2019  
Trade Balance (USD billion)-19.6  -19.8  -22.3  -26.5  -25.6  

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Greece Trade Balance Chart

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

Greece Facts

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

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