Significant improvement was the country’s current account balance in the five months of January – May 2025, as the deficit He was reduced by EUR 2.1 billion compared to the corresponding period of 2024 and stood at € 6.4 billion according to Bank of Greece data (BCT).
This development reflects the reduction of the deficit in the balance of goods due to the highest reduction in imports over exports, as well as the increase of 12.7% of tourism revenue, according to the Bank of Greece.
At current prices, exports shrunk by 4.2% (0.8% increase at constant prices) and imports by 5.6% (-4.2% at constant prices).
In particular, at current prices exports of without fuel increased by 4.6% and the corresponding imports rose 2.5% (6.7% and 1.7% at constant prices respectively).
The surplus of the service balance has declined due to the deterioration of the transport balance, which was offset to some extent by the improvement of the travel balance. Compared to the first five months of 2024, non -resident travelers increased by 2.1% and the relevant receipts by 12.7% to 4.35 billion. euro.
The capital balance showed a surplus, compared to a deficit in the first five months of 2024, and was € 1.2 billion, on the one hand, due to the increase in net proceeds in the general government sector and on the other due to the reduction of net payments to other government.
The deficit of the total current account and capital balance (which corresponds to the needs of the economy for funding from abroad) was reduced by € 4.0 billion compared to the corresponding period of 2024 and stood at € 5.2 billion.
In the financial transactions balance, residents’ liabilities to foreign, which correspond to direct investment of non -residents in Greece, recorded net flows of 2.1 billion euros.
Portfolio investment, the reduction of residents’ claims against abroad is mainly due to a € 2.6 billion retreat of residents in bonds and foreign bills abroad, which was partially offset by the rise of 1.2 billion euros in residents. Increasing their liabilities mainly reflects the € 5.9 billion rise of non -residents in Greek bonds and loud bills.
Portfolio investment, the reduction of residents’ claims against abroad is mainly due to a € 2.6 billion retreat of residents in bonds and foreign bills abroad, which was partially offset by the rise of 1.2 billion euros in residents.