Greek trade deficit narrowed 11 pct in 2013 but exports marginally negative

EconomyMacroeconomy Tags: ELSTAT, Trade
Photo by MacroPolis
Photo by MacroPolis

Greece’s trade deficit narrowed 2.1 percent to 1.4 billion euros in December, while the respective figure for 2013 fell 11 percent to 19.34 billion, according to the Hellenic Statistical Authority (ELSTAT).

The change to December shows a continued deceleration since April, when it peaked with a 20.5 percent decline. The slower negative rate in the last three quarters of 2013 is attributed to exports decreasing at a higher rate than imports.

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