Greek Current Account Gets a Surplus Boost From Tourism

Greece’s current account surplus widened in September, the Bank of Greece said on Tuesday, helped by a rise in tourism receipts.

The current account balance, a key measure of economic competitiveness, showed a surplus of 964 million euros ($1.30 billion) from 895 million euros in the same month last year.

Tourism receipts, the country’s biggest money earner, rose 17.3 percent year-on-year to 2.07 billion euros in September, bringing total revenue in the first nine months of the year to 10.7 billion euros, up 14.3 percent year-on-year.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza