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IPS173 Athanasios Petralias et al.
3. Result
The implementation of the Greek Shipping estimation model allowed to
re-establish the continuance of the time series of sea transport services
imports and exports, that has been observed in Greek BOP data after the
introduction of Capital Controls (Law 18/7/2015) in Greece; see Figure 2 (Bank
of Greece, Press Release 20/11/2018).
Figure 2: Evolution of exports and imports of sea transport services in
the Greek BOP, before and after the introduction of the Greek Shipping
Estimation Model (2002-2017, in million €)
On yearly basis, in 2018 exports of sea transport services (receipts) were
estimated up to 14.2 billion € and imports of sea transport services (payments)
up to 7.3 billion €. The average utilization rate (i.e. the percentage of days in a
month the vessels in the population are hired) was estimated (on basis
movement data) up to 95.4%.
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