FX.co ★ Greece's Current Account Surplus Narrows in January

In January 2025, Greece experienced a reduction in its current account surplus, which decreased to €1.02 billion compared to €1.8 billion in the same month the previous year. The goods deficit expanded to €2.91 billion from €2.66 billion, primarily driven by a 4.8% increase in imports compared to a 1.8% increase in exports. Additionally, the services surplus shrank to €0.252 billion from €0.453 billion, largely due to a decline in other services and, to a lesser extent, a weakened travel balance. The primary income surplus also decreased to €0.4 billion from €0.464 billion, owing to reduced net interest, dividend, and profit receipts, as well as a drop in other primary income sources. Concurrently, the secondary income surplus narrowed to €3.27 billion from €3.54 billion. This change occurred as the general government recorded net payments rather than net receipts, while other sectors of the economy, excluding the government, experienced reduced net receipts.