Greek trade deficit rises

Posted by Christian J. Hadjipateras 08/11/2017 0 Comment(s) Economia Blog,

Greece’s trade deficit has risen 18.4% in the first nine months of the year compared to last year, now standing at €16.13bn, the Hellenic Statistical Authority (ELSTAT) announced yesterday. Monthly reduction of imports in September resulted in a slowdown in the growth of the deficit.

Given the positive course of exports, the country’s exporters are talking about the sector’s great opportunity for a leap forward. However that would be reliant on several factors, such as capital controls being lifted and the tax burden on enterprises being reduced.

ELSTAT data show that the total value of imports amounted to €3.74bn, against 3.76 billion a year earlier, a 0.2% decline. The total value of exports amounted to €2.42bnin September, from €2.37bn in 2016, a 1.9% increase.

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