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Greek current account balance turns negative in October after four month of surpluses
EconomyMacroeconomyin the transport (sea and air) and other services balance. In contrast, the growth of travel receipts slowed to 4.6 percent, while travel surplus grew marginally by 0.4 percent to 824 million, despite soaring non-resident’ arrivals by 18.9 percent. BoG is due to release detailed figures on travel surplus
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyservices balance, while travel balance turned negative posting a deficit of 27.9 million euros in December from surplus of 20.8 million last year. Travel receipts rose by a mere 1 percent last December, while the respective payments soared 32 percent, resulting in the negative travel balance
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Greek current account deficit widens by 27.4 pct in Feb
EconomyMacroeconomyand intellectual property rights, while transport net receipts also fell YoY. In contrast, the travel surplus rose by 62.3 percent YoY mainly due to a 16.2 percent increase in travel receipts resulting from... services receipts. In contrast, travel surplus jumped 84.3 percent YoY with travel receipts up 12.4
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Turnover in tourism sector drops at an accelerating pace of 11.7 pct in Q1
EconomyMacroeconomypreviously disclosed. Travel figures for Q1 released on May 23 by the Bank of Greece (BoG) showed that travel receipts remained almost stable (-0.1 percent) at 515.4 million reflecting a drop in non... by 6.5 percent to 312 euros. The breakdown of country of origin shows double-digit growth in travel
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Newsletter 97 - 25/11/2016
revealed that travel receipts rebounded for the first time in the last six months in September, by 2.3 percent to reach 2.23 billion, while the travel surplus edged up 1 percent to 2.04 billion. The rise in travel revenues fully reflects an increase in foreign arrivals by 13.7 percent in September, while
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Current account deficit of 1.2 bln in Nov turns 11-month balance negative
EconomyMacroeconomy. In contrast, travel receipts fell by 13.8 percent to 219.4 million despite a double-digit rise in non-residents’ by 11.7 percent. Meanwhile, travel payments increased by 9.1 percent leading travel... transport receipts largely attributed to capital controls. Moreover, travel receipts also fell
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Current account deficit expands to 937 million in Feb
EconomyMacroeconomymostly reflects a higher travel and other services balance. Specifically, travel receipts decreased..., the corresponding payments fell at a faster pace by 32.5 percent leading travel surplus up to 48.3 million.... Lower C/A deficit stems from an improvement in the travel surplus coupled with higher primary
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Current account deficit widens to 1.3 bln in March
EconomyMacroeconomyof the services’ balance resulted from an improvement in all subaccounts. The travel balance climbed to 76.5 million from 31.3 million last year, mostly reflecting a sharp drop in travel payments by 33 percent. Travel receipts also fell by 7.8 percent to 203.3 million, although international arrivals
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Current account deficit eases by 410.6 mln in April
EconomyMacroeconomyan improvement in all subaccounts. The travel balance fell by 6.1 percent to 247.1 million, reflecting a marked rise in travel payments by 38.1 percent. At the same time, travel receipts also... widened by 441.3 million euros to 1.68 billion reflecting an improvement in all subaccounts. Travel
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomy. The travel balance rose by 2.5 percent to 925.9 million euros, reflecting a fall in travel payments by 2.6 percent. Travel receipts also increased by 1.7 percent to 1.09 billion on the back of a 1.5... billion, reflecting an improvement in all subaccounts. Travel receipts rose by 0.9 percent to 2.07
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