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Greece current account posts surplus of 1.2 billion euros in September

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Staff Writer |
Bank of Greece
Europe   Bank of Greece:

Greece's current account balance posted a surplus of 1.2 billion euros in September, up 348 million euros y-o-y, according to data from the Bank of Greece.

The central bank cited “primarily, an increase in the surplus of the services balance and, secondarily, a decrease in the deficit of the balance of goods.

The services balance posted a surplus 2.76 billion euros in September, due mostly to an improvement in the travel balance, since non-residents' arrivals and the corresponding receipts increased by 11.8% and 15.5%, respectively. The surplus of the transport balance grew solely on account of higher net sea transport receipts.

The balance of goods was negative by 1.32 billion in September compared to 1.37 billion euros in the respective month of 2016.

In the January-September period, the current account showed a surplus of 1.3 billion euros, which was double the surplus recorded in the same period of the previous year.

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