FX.co ★ Greece Current Account Deficit Largest in 3 Months

In March 2025, Greece experienced an increase in its current account deficit, which rose to €2.998 billion from €2.501 billion in March of the previous year. This represents the most significant current account gap since December 2024. The deficit in the goods account expanded to €3.1 billion compared to €2.6 billion in March 2024. This change was driven by a rise in imports to €6.92 billion from €6.75 billion, alongside a decline in exports, which decreased to €3.83 billion from €4.20 billion. Additionally, there was a contraction in the services account surplus, which fell to €0.40 billion from €0.51 billion the previous year. Furthermore, the secondary income deficit increased to €0.15 billion from €0.11 billion. On a more positive note, the primary income account deficit decreased to €0.15 billion from €0.34 billion. Cumulatively, from the start of the year, the current account deficit widened by €0.71 billion compared to the same timeframe last year, culminating in a total deficit of €4.47 billion.