Current account gap widens in January as services surplus shrinks

22 March 2016
271 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

Turkish aircraft violated Greek airspace 42 times
GREECE
shares23 views
GREECE
shares23 views

Turkish aircraft violated Greek airspace 42 times

makis - May 20, 2019

Six Turkish aircraft violated Greek airspace a total of 42 times over the Northeast, Central, and Southeastern Aegean Sea. Three…

Weekend escapes near Athens!
GREECE
shares1267 views
GREECE
shares1267 views

Weekend escapes near Athens!

Panos - May 20, 2019

Chalkida: the town of “mad waters” There is a reference point, a place of attraction for Athenians and people from…

Syriac Christians see Turkey’s safe zone plans as an existential threat
WORLD
shares25 views
WORLD
shares25 views

Syriac Christians see Turkey’s safe zone plans as an existential threat

Panos - May 20, 2019

Syriac Christians, a religious group in Syria, reject the creation of a safe zone Turkey plans to establish in northern…

Leave a Comment

Your email address will not be published.