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4 months ago
Greek current account deficit shrinks in January, tourism revenue down
March 23, 2017 / 9:23 AM / 4 months ago

Greek current account deficit shrinks in January, tourism revenue down

1 Min Read

    ATHENS, March 23 (Reuters) - Greece's current account
deficit shrank in January compared to the same month a year
earlier, the Bank of Greece said on Thursday, helped by a
stronger surplus in the income account balance.
    The data showed the deficit reached 271 million euros 
($292.08 million) from 771 million euros in January 2016.
Tourism revenues fell slightly to 165 million euros from 169
million in the same month a year earlier.
    In 2016 as a whole, Greece posted a current account deficit
of 1.1 billion euros versus a surplus of 206 million in 2015 as
a result of a lower services balance surplus, which was not
offset by the shrinking of the balance of goods deficit.
    
    
  CURRENT ACCOUNT (bln euros)      2017        2016
   January                      -0.271      -0.771    
                                                 
                                                 
 
    source: Bank of Greece



($1 = 0.9278 euros)

 (Reporting by George Georgiopoulos)
  

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