Current Account in Greece

Greece Current Account (EUR bn) | Economic News & Forecasts

Greece - Current Account (billions of Euros)

Available data points to a slight improvement in activity in Q1, after growth slowed in Q4 2018 amid flagging domestic demand. Although industrial production growth lost pace in February, dragged by a contraction of the power supply sector, the quarterly average looks likely to exceed that of Q4. Moreover, the manufacturing PMI climbed to a one-year high in March which, coupled with an improved assessment of business conditions in the services sector, bodes well for overall private-sector dynamics in the quarter. Meanwhile, Eurozone finance ministers agreed early this month to disburse a EUR 970 million grant to Greece as part of a post-bailout program, signaling continued confidence by creditors in the country’s reform agenda. In addition, the government ended 2018 with a higher-than-expected primary budget surplus—a testament of authorities’ commitment to fiscal discipline.

Greece - Current Account (EUR bn) Data

2013  2014  2015  2016  2017  
Current Account Balance (EUR bn)-3.7  -2.9  -0.4  -1.9  -1.4  

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Greece Current Account (EUR bn) 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 Yield4.060.76 %May 13
Exchange Rate1.120.65 %May 13
Stock Market725-1.46 %May 13

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