C/A surplus of 0.7 pct of GDP in 2013 is Greece's first for decades

EconomyMacroeconomy Tags: BoG, BOP
Photo by Harry van Versendaal
Photo by Harry van Versendaal

Greece posted a current account (C/A) surplus of 1.24 billion euros (0.7 percent of GDP) in 2013 for first time in at least six decades, following a deficit of 4.62 billion in 2012 (2.4 percent of GDP), according to the Bank of Greece (BoG).

The C/A deficit in December more than halved to 215 million from 479 million last year owing to a jump in the current transfers surplus by 580 million, mainly reflecting SMP income of 534 million and an increase in the services surplus by 169 million, w...

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