Current account gap widens in January as services surplus shrinks

22 March 2016
399 Views

Greece’s current account deficit widened in January from the same month a year earlier after weaker surpluses in the services balance and primary income account, the Bank of Greece said on Tuesday.

“The surplus of the services balance almost halved year-on-year, declining by 218 million euros, as a result of lower net transport receipts – mainly sea transport receipts,” the central bank said.

The data showed the deficit reached 742 million euros ($831.4 million) from 281 million euros in January 2015. Tourism revenues fell slightly to 161 million euros from 169 million in the same month a year earlier.

In 2015 as a whole, Greece posted a current account deficit of 7.5 million euros, the data showed, helped by higher tourism revenues – its biggest foreign currency earner.

You may be interested

Coronavirus Greece: Four new cases, one fatality & 18 intubated
GREECE
shares35 views
GREECE
shares35 views

Coronavirus Greece: Four new cases, one fatality & 18 intubated

makis - May 25, 2020

Professor Sotiris Tsiodras announced four new cases of the coronavirus in our country in the last 24 hours. The total…

Berlin Church opens to Muslims for prayer
WORLD
shares31 views
WORLD
shares31 views

Berlin Church opens to Muslims for prayer

Panos - May 25, 2020

A church in Berlin has opened its doors to Muslim worshippers unable to fit into their mosque under new social…

Cafes, restaurants reopening with strict safety rules
FINANCE
shares36 views
FINANCE
shares36 views

Cafes, restaurants reopening with strict safety rules

Panos - May 25, 2020

Greece’s cafes and restaurants are reopening for business on Monday following a long hiatus, as they closed just over two…

Leave a Comment

Your email address will not be published.