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> Economy

Bank of Greece releases current account balance for Greece

The Bank of Greece showed a surplus in Greek trade from January to October

Newsroom December 21 12:29

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Ιn  October 2015, the current account showed a surplus of 314 million euros, against a deficit of 456 million euros compared to the same period in 2014.The improvement is attributed to a decline in the deficit of the balance of goods that managed to improvethe surplus of the services balance.

Primary and secondary income accounts showed an improvement.

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In the January-October 2015 period, the current account showed a surplus of 2.1 billion euros, against a deficit of 403 million euros in the corresponding period of 2014.

This reflects the improved balance of goods and services, which registered a surplus of 1.9 billion euros, against a deficit of 1.4 billion euros in the same period of 2014, mainly due to the reduced import bill. Overall, receipts from exports of goods and services fell by 8%, but the corresponding import bill decreased at a faster pace of 14.2 percent.

In the same period, the primary and secondary income accounts deteriorated.

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