Economic & Market Outlook – Focus Notes (Tuesday, November 24, 2015)

by admin November 24, 2015

November 24, 2015 298 views

Greece: Balance of payments and balance of travel services

September 2015

The current account surplus rose by €228 million in September 2015 compared to the same period in 2014.
Imports decreased significantly (-€996 million) mainly due to capital controls.
Travel receipts fell, both in total and in terms of average expenditure per trip (-€2, 131 million and €35 respectively).
Germany remained the main contributor for travel receipts (20% of total) and inbound travelers (15% of total).
Large decreases in travel receipts (-€73 million) and number of travelers (-145 thousand) from Russia, continuing the negative trend in the whole period Jan – Sep 2015

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Greece