The deficit of Balance Current transactions of the country in the four months of January – April 2025 compared to the corresponding period last year.
According to Bank of Greece data, the current account deficit expanded by € 322 million, reaching € 6.6 billion.
This development mainly reflects the shrinkage of the surplus of the service balance mainly due to the deterioration of the Transport Balance and, to a lesser extent, the reduction of the surplus of the balance of other services, which was offset to some extent from the improvement of the travel balance. Compared to the first four months of 2024, non -resident travelers increased by 5.8% and the relevant receipts by 10.6%.
On the contrary, the deficit of the balance of goods has declined marginally due to the almost equal reduction in both exports and imports. At current prices, exports shrunk by 5.4% (1.0% at fixed prices) and imports by 3.2% (-2.3% at constant prices). In particular, at current prices, exports of without fuel increased by 3.0% and the corresponding imports rose by 1.4% (4.7% and 0.5% at constant prices respectively).
The deficit of the total current account balance (which corresponds to the needs of the economy for funding from abroad) and capital was reduced compared to the corresponding period of 2024 and stood at € 6.2 billion.
In the financial transactions balance in the direct investment category, residents ‘demands from foreign have recorded net flows of 1.5 billion euros and residents’ liabilities to foreign, which corresponds to direct investment of non -residents in Greece, recorded net flows of € 1.7 billion.
Portfolio investments, 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 842.0 million euros of residents. Increasing their liabilities mainly reflects the € 5.6 billion rise of non -residents in Greek bonds and loud bills.
In the category of other investments, the increase in residents’ requirements against abroad is mainly due to the statistical adjustment linked to the issuance of banknotes (by € 2.1 billion), which was offset to some extent by a reduction of EUR 568.8 million of residents in deposits and repositions abroad.