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

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WP_20150523_055Greece: 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

Viewers can log herebelow and read the full report:

GLOBAL FOCUS NOTE_Balance of payments and balance of travel services_September 2015

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