Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Greek current account gap shrinks in April on lower trade deficit

Published 06/21/2016, 05:35 AM
Updated 06/21/2016, 05:40 AM
© Reuters.  Greek current account gap shrinks in April on lower trade deficit

ATHENS (Reuters) - Greece's current account deficit shrank in April from the same month a year earlier, helped by a lower trade gap and an income account surplus, the Bank of Greece said on Tuesday.

"The goods balance deficit fell by 276 million euros year-on-year as a result of a lower net oil bill. Net payments for purchases of ships rose," the central bank said.

The data showed the deficit reached 822 million euros ($931.8 million) from 1.038 billion euros in April 2015. Tourism revenues fell slightly to 443 million euros from 477 million in the same month a year earlier.

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

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.