Chart of the week


Balance of Payments

Greece posted a current account deficit of 811.4 million euros in September, from a surplus of 449.1 million euros in August. In September 2021, the balance showed a deficit of 296.3 million euros. The surplus of 2.96 billion euros in the balance of services, which includes tourism and shipping, only partially offset the deep deficit in the goods balance by 3.71 billion euros, led by the oil deficit of 1.51 billion euros and a deficit of 2.2 billion euros even excluding the value of oil and ships. Over the nine months, the current account deficit has reached 10.85 billion euros, up from 6.1 billion euros in the same period of last year. The oil deficit has more than doubled from last year to 8.89 billion euros