Greek current account deficit widens in February

Greece’s current account deficit widened in February compared to the same month a year earlier while tourism receipts rose slightly, according to central bank data published on Monday.

The deficit stood at 929 million euros ($1.00 billion) versus a deficit of 729 million euros ($786.30 million) in February 2014, due to a smaller surplus in the services balance and a deficit in the income account after higher interest and

dividend payments.

Last year Greece posted a current account surplus of 1.657 billion euros, up from 1.089 billion in 2013, helped by higher tourism revenues – its biggest foreign-currency earner.

Tourism revenues rose slightly to 157 million euros in February from 135 million euros in the same month last year.


Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.