Significant improvement presented in May 2025 the balance Country of the country’s current transactions, as a deficit in the corresponding month of 2024 passed to a surplus of 0.196 billion euros, marking a positive change by approximately 2.5 billion euros, with its significant contribution to tourism.
Regardless of the revenue of tourism, this development is also reflected in shrinking the deficit in the balance of goods as a result of the notice of imports, while exports have increased marginal. Specifically, exports at current prices increased by 0.3% (and 7.8% at constant prices), while imports declined by 14.3% (-12.3% at constant prices). In particular, exports of without fuel increased by 11.0% (14.7% at constant prices), while the corresponding imports also rose 7.1% (6.5% at constant prices).
At the same time, the surplus of the service balance was expanded, mainly thanks to the improvement of the travel balance, as well as the balances of transport and other services. Although non -residents of tourist residents declined by 2.7% compared to May 2024, tourist revenue recorded a dramatic increase of 17.7%.
In the primary income balance there was also a improvement, mainly due to the increase in net proceeds from other primary incomes. This effect was partially offset by the increase in net payments for interest, dividends and profits. The secondary income balance was recorded (as opposed to a deficit last year), mainly due to the fifth dose of grants by the recovery and resilience mechanism, which enhanced the net revenue of the State.
At five months level (January -May 2025), the current account deficit was reduced by € 2.1 billion and stood at € 6.4 billion. The decline is mainly due to the greater decrease in imports than exports. Exports in total decreased by 4.2% at current prices (0.8% increase at constant prices), while imports declined by 5.6% (-4.2% at fixed prices). In goods without fuel, exports increased by 4.6% and imports by 2.5% (6.7% and 1.7% respectively at constant prices).
At the same time, the surplus of the service balance is marginal, mainly due to the deterioration of the transport balance, which was, however, offset by the strengthening of the travel balance. Non -resident arrivals increased by 2.1%, while the receipts were significantly reinforced by 12.7%.
In the part of primary income, the deficit was sharply shrunk, thanks to the positive course of other net receipts and the smallest exposure to interest payments and dividends. The secondary income balance showed a larger surplus due to almost zero net payments from the public sector, although receipts from other sectors of the economy showed a slight decline.