Trade Balance in Greece

Greece Trade Balance (EUR) | Economic News & Forecasts

Greece - Trade Balance (Euros)

The recovery remained on track in Q2, although growth was still weak overall. GDP growth inched up from Q1’s result led by a boom in exports and a rebound in government consumption. Private consumption, however, grew at the slowest pace since Q2 2016, constrained by a high unemployment rate and low consumer confidence. Available data for the third quarter, however, suggests that activity is gathering steam: The current account surplus widened in July due to a strong tourism sector, and the manufacturing PMI recorded its best reading in eight years in August. The government is gearing up for a busy few weeks as it attempts to pass all the pending reforms demanded by creditors before November for an upcoming bailout review. A successful and timely conclusion to the review is key to proving the government can stand on its own two feet after the current program ends in August 2018. Prolonged negotiations could damage investor sentiment and threaten the tentative recovery. In September, the EU closed the excessive deficit procedure for Greece—a positive sign that the country is moving towards ending almost a decade of bailouts.

Greece - Trade Balance (EUR) Data

2012  2013  2014  2015  2016  
Trade Balance (EUR billion)-19.8  -15.2  -17.0  -14.3  -16.0  

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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

ValueChangeDate
Bond Yield5.32-0.73 %Oct 16
Exchange Rate1.18-0.32 %Oct 16
Stock Market7660.57 %Oct 16

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