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Athens Macedonian News Agency: News in English, 15-12-21
CONTENTS
[01] Greek current account balance shows surplus in Jan-Oct
[01] Greek current account balance shows surplus in Jan-Oct
Én October 2015, the current account showed a surplus of 314 million
euros, against a deficit of 456 million euros in the same month of
2014, the Bank of Greece said on Monday. This improvement is mainly
attributable to a decline in the deficit of the balance of goods, which
offset the narrowing observed in the surplus of the services balance,
resulting in an improved balance of goods and services. Moreover,
the primary and secondary income accounts showed an improvement.
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 percent, 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.
The deficit of the balance of goods declined by 4.4 billion euros, due
to an improvement in all subaccounts. More specifically, receipts from
exports of goods excluding oil and ships rose by 5.6 percent, while the
corresponding import bill did not show any remarkable change.
The surplus of the services balance shrank, as net transport receipts
registered a decline, which was partly offset by a rise in net travel
and other services receipts. In the January-October 2015 period, total
non-residents' arrivals increased by 7.9 percent year-on-year, while
the corresponding receipts grew by 4.1 percent.
In October 2015, the capital account showed a surplus of 1.1 billion
euros, due to a significant rise in net capital transfers from the EU
to general government. In the January-October 2015 period, the capital
account showed a surplus of 1.7 billion euros, down by 118 million
euros year-on-year.
In October 2015, the combined current and capital account (corresponding
to the economy's external financing requirements) showed a surplus of
1.4 billion euros, against a deficit of 466 million euros in the same
period of 2014. In the January-October 2015 period, a surplus of 3.8
billion euros was recorded, up by 2.4 billion euros year-on-year.
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