Jumps to investmentthe receipts from tourism and exports were recorded in the first five months of the year, in accordance with the Bank of Greece data (BCT), with the Greek economy proved to be particularly resistant to a period of uncertainty about the future of world trade and the Trump government’s tariff policy.
According to figures released today (21.7.25) by the Bank of Greece, direct foreign investment between January and May amounted to 2.07 billion euros, increased by about 600 million, or 41%, compared to the same period last year.
At the same time, travel revenue exceeded 4.35 billion euros in the five -month period, which is an increase of 12.7% compared to last year, ie more than 490 million euros, before we even enter the summer.
At the same time, there was a significant increase in exports of Greek goods and services. Total exports were stimulated by 6.7% at constant prices, that is, removing the effect of inflation, and without taking into account the petroleum, which constitute a special category anyway. In any case, the improvement of exports overcuted imports, thereby improving the trade balance.
All of these developments have contributed to the 24%drastic improvement of the broader current account, which essentially reflects our country’s transactions with the rest of the world.
Specifically, the deficit in current transactions was shrinking by more than 2.1 billion euros compared to the first five months of 2024, resulting in a drop of € 6.44 billion, compared to nearly 8.58 billion last year.
Greek first in reducing public debt
Positives are also messages on the public debt front. According to the latest Eurostat data, published today, Greece once again achieved the highest improvement in the debt-ECP ratio among the 27 European Union states.
Specifically, in the first quarter of the year, debt size was reduced by 9.3 points, falling from 161.8% of GDP to 152.5%. Only eleven other EU members achieved a decline in their public debt early in the year.
The great improvement in the debt-ECP ratio is primarily due to the high growth rates of the economy, but ELSTAT’s official figures show that debt is also reduced in absolute numbers, as the last three quarters has shrunk by approximately 8.7 billion euros.
Government officials with the knowledge of financial planning commented that the data of the BoG and Eurostat prove the dynamics and strengths of the Greek economy in the external sector, as well as the enhancement of the country’s extroversion.