Current Account in Greece

Greece Current Account | Economic News & Forecasts

Greece - Current Account

Available data suggests that the economy’s healthy performance in the third quarter of last year—although driven mainly by inventory accumulation—carried over into the final quarter. Industrial production rebounded strongly in November from a mild contraction in the previous month while the PMI average in Q4 came broadly in line with Q3’s, both indicating that factory activity kept up the momentum. On the demand front, unemployment remained at an over-seven year low in October which, coupled with improved consumer confidence throughout Q4 point to private consumption gaining some traction. In the political sphere, Prime Minister Alexis Tsipras narrowly won a no confidence vote on 16 January, which he called for after his junior coalition partner pulled out of the government in protest over a name-change deal for Macedonia, improving his chances somewhat of serving out the rest of his term despite his party’s minority position in parliament.

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 Met the why particular calculations.

Greece Facts

ValueChangeDate
Bond Yield4.470.76 %Jan 30
Exchange Rate1.140.65 %Jan 30
Stock Market636-1.46 %Jan 30

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