Greek Current Account Developments: April 2015 | Eurobank
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Greek Current Account Developments: April 2015

According to the recent Bank of Greece data, the current account for April 2015 recorded a deficit of €955mn, i.e. contracted by €196mn compared to April 2014. This development is attributed primarily to an improvement in the goods and services account, which in April 2015 recorded a deficit of €692mn, down by €175mn YoY. More specifically, the goods account recorded a deficit of €1,645mn, reduced by €75mn YoY, whereas the services account recorded a surplus of €953mn higher by €100mn YoY.