FX.co ★ Greece’s Current Account Deficit Shrinks

In February 2025, Greece saw its current account deficit decrease to €2.49 billion, a reduction from the €3.06 billion recorded in the same month of the previous year. This improvement in the goods deficit can be attributed primarily to a decline in imports, which dropped to €6.45 billion from €6.98 billion in February 2024. Meanwhile, exports experienced a slight rise, reaching €3.95 billion compared to last year's €3.91 billion. Additionally, there was a notable reduction in the primary income account deficit, which fell from €0.23 billion to €0.11 billion year-on-year. This positive change was largely driven by lowered net payments of interest, dividends, and profits, along with an increase in net inflows from other primary income sources. Conversely, the services surplus decreased to €0.31 billion, down from €0.40 billion in the prior year. Cumulatively, the current account deficit for the year to date expanded by €0.21 billion compared to the previous year, amounting to €1.5 billion.