Greece’s current account surplus decreased by 784.3 million euros in January 2025, yoy, to reach one billion euros, according to an announcement by the Bank of Greece (BoG) on Monday, while even more importantly, the first tourism-related numbers from the first month of the year pointed to another banner season.
According to the central bank, a goods deficit widened, “reflecting a larger rise in imports than in exports. At current prices, exports increased by 1.8% (2.4% at constant prices) and imports by 4.8% (4.1% at constant prices). Specifically, non-oil goods exports at current prices grew by 6.3% (7.0% at constant prices) and the corresponding imports increased by 9.2% (8.3% at constant prices).”
The BoG said the services sector surplus fell in January 2025, primarily due to a deterioration in the other services balance and, to a lesser extent, to the travel balance, while the transport balance improved marginally. In terms of the all-important tourism sector, the BoG said non-residents’ arrivals grew by 11.4% yoy, and the relevant receipts increased by 7.5%.
The surplus of the primary income account declined year-on-year, reflecting a drop in net interest, dividend and profit receipts, as well as lower receipts from other primary income. The surplus of the secondary income account shrank year‑on‑year, as general government registered net payments instead of net receipts, and the other sectors of the economy excluding general government recorded lower net receipt.
Source: Tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
African Dust, Rain and Wind Forecast for Greece on Monday
The Ionian, mainland Greece and the northern Aegean will have clouds, occasional rain and even isolated thunderstorms in some regions.
Donald Trump Hosts Reception for Greek Independence Day
The gift to the US President by Archbishop Elpidophoros. Evangelos Marinakis in attendance as a guest of Donald Trump
Greece to Raise Minimum Wage to €880 in April
The new gross monthly minimum wage is expected to rise by 5% to 6%, reaching approximately €880, in a country where almost half of employees make less than €1,000 per month.
Wall Street’s Outlier: Alafouzos Family, Wall Street Listed Okeanis Eco Tankers and the Continuous ‘Sanctioned’ Russian Oil Tranport
The Alafouzos family, through its New York Stock Exchange-listed company Okeanis Eco Tankers and the privately held Kyklades Maritime, has been systematically involved in transporting Russian crude oil
Road Closures, Traffic Changes in Athens for March 25 Celebrations
The Hellenic Police have announced a series of traffic regulations affecting key streets and avenues in central Athens on Monday, March 24, and Tuesday, March 25 with adjustments to public transportation routes
Kirsty Coventry Elected First Woman President of the IOC
She succeeds Thomas Bach, becoming the 10th president of the IOC, and her leadership will shape the future of the Olympic Games and international sports.
Heathrow Airport Resumes Operations After Major Power Outage
The UK government has temporarily lifted restrictions on overnight flights to help clear the backlog, while Heathrow is focusing on relocating aircraft and restoring normal operations
Glacier Melt Accelerating at Record Pace Due to Climate Change
Glacier melt is accelerating faster than ever, warns UNESCO, threatening sea levels, water supply, and ecosystems.
Greece Shines as Top Travel Destination for 2025
This year, national bookings for the summer are up an average of 8% compared to last year, with prices for new tourism packages rising by 5%
EU Summit: Greece Pushes for Defense Spending Flexibility, Migration Reform
In addition to commenting on defense spending and migration at the end of the EU Summit, the Greek PM voiced concerns over Turkey's democratic backsliding
