FX.co ★ Greece’s Current Account Surplus Surges in July on Strong Tourism Revenues

In July 2025, Greece experienced an increase in its current account surplus, reaching €938 million, compared to €210 million in the same month the previous year. This enhancement is largely attributed to a rise in the services surplus, which expanded to €4.5 billion from a previous €4.1 billion, fuelled by a significant 15% boost in tourism revenues (rising to €4.52 billion from €3.93 billion). Additionally, the primary income account deficit showed a marked improvement, narrowing to €408 million from €824 million, primarily due to reduced net outflows of interest, dividends, and profits. However, the goods deficit saw a slight increase, expanding to €2.92 billion from €2.85 billion, as exports decreased by 5.2% while imports fell by 2.2%. Moreover, the secondary income account deficit slightly deteriorated, deepening to €232 million from €182 million due to increased net payments across various sectors. Over the January to July 2025 period, the current account deficit has contracted by €1.4 billion year-on-year, now standing at €6.7 billion.