Greece’s Current Account Surplus Surges in July on Strong Tourism Revenues

Greece’s current account surplus widened to €938 million in July 2025, up from €210 million in the same month last year. The services surplus rose to €4.5 billion from €4.1 billion, driven by a 15% increase in tourism revenues (€4.52 billion vs. €3.93 billion). The primary income account deficit also narrowed sharply to €408 million from €824 million, reflecting lower net outflows of interest, dividends, and profits. By contrast, the goods deficit widened slightly to €2.92 billion from €2.85 billion, as exports fell 5.2% while imports dropped 2.2%. The secondary income account deficit also deepened to €232 million from €182 million due to higher net payments across all sectors. For the January–July 2025 period, the current account deficit narrowed by €1.4 billion year-on-year, standing at €6.7 billion.