A slight increase was the current account deficit in January-February 2025, compared to the same period of 2024, due to the worsening of secondary income and services balanced, which was offset to a degree of improvement in the balance of the balance of goods and, to the balance Bank of Greece.

In February 2025, the current account deficit decreased compared to the corresponding month of 2024, due to the improvement of the balance of goods and, to a lesser extent, the primary income balance, which was partially offset by the deterioration of balances.

Current Trade Balance

More specifically, in February 2025, the current account deficit decreased by € 573.2 million compared to February 2024 and stood at 2.5 billion euros.

The deficit of the balance of goods was shrinking, as imports decreased with a slight increase in exports. At current prices, exports increased by 0.9% (3.4% at constant prices) and imports decreased by 7.6% (-7.9% at constant prices). In particular, at current prices, exports of without fuel increased by 1.1% (2.4% at constant prices), while imports without fuel decreased by 3.0% (-4.1% at constant prices).

The surplus of the service balance was reduced, with a reduction in surplus in all individual balances. Compared to February 2024, no travelers’ arrivals recorded a slight decrease of 0.8%, while the relevant receipts grow 0.5%.

At the same time, the deficit of the primary income balance decreased almost half compared to the corresponding month of 2024, reflecting on the one hand the reduction of net interest payments, dividends and profits and increasing net proceeds from other primary income. The deficit of the secondary -income balance was expanded due to the increase in net payments to the other, except the General Government, sectors of the economy.

During January-February 2025, the current account deficit increased by € 211.1 million compared to the first two months of 2024 and stood at € 1.5 billion. The deficit of the balance of goods was limited due to the simultaneous reduction of imports – mainly fuels – and increased exports. At current prices, exports increased by 1.3% (3.0% at constant prices) and imports decreased by 1.6% (2.1% at constant prices). In particular, at current prices exports of without fuel increased by 3.6%, while the corresponding imports increase by 2.8% (4.6% and 1.8% at constant prices respectively).

The surplus of the service balance was shrunk, mainly due to the record of net payments against net receipts in the balance of other services and, to a lesser extent, due to the reduction of net travel revenues and transport balance. Compared to the first two months of 2024, non -residents of travelers increased by 5.4% and the relevant receipts by 3.9%.

The surplus of the primary income balance has risen against the January-February 2024 period, mainly due to the reduction of net interest payments, dividends and profits. The surplus of the secondary income balance was limited over the same period against the corresponding period of 2024, due to the increase in net payments in the general government, as well as the reduction of net receipts in other, except the general government, sectors of the economy.

Capital balance

Concerning the capital balance, in February 2025, it recorded a surplus of 209.9 million euros, compared to a deficit in the corresponding month of 2024, reflecting the increase in net proceeds in the general government sector.

During January-February 2025, the capital balance showed a surplus, compared to a deficit in the first two months of 2024, and stood at € 360.7 million, due to the simultaneous increase in net general government receipts and the reduction of net payments.

Total accounting of current transaction and capital

In February 2025, the deficit of the total current account and capital balance (which corresponds to the needs of the economy for funding from abroad) declined significantly compared to the corresponding month of 2024 and stood at € 2.3 billion.

The decline in the total current account and capital balance was reduced and in January-February 2025, compared to the corresponding period of 2024, and was € 1.1 billion.

Financial Trade Balance

In the direct investment category, in February 2025, residents ‘demands on the outside recorded net flows of EUR 925.5 million and residents’ liabilities to external net flows of EUR 370.4 million.

In portfolio investments, the reduction of residents’ claims against abroad reflects the € 707.0m decline of their placements in bonds and lounge bills abroad, which was largely offset by the rise of residents in non -residents. The increase in their liabilities is mainly due to the rise of non -residents by € 172.0 million in domestic business shares and by € 93.0 million in Greek bonds and intensive bills.

In the category of other investments, residents’ claims were increased by the overseas, due to the € 1.3 billion inhabitants of deposits and repos abroad, as well as the statistical adjustment linked to the issuance of banknotes (by 432.0 million euros). The increase in their liabilities mainly reflects the increase of € 4.9 billion of non -residents and repos in Greece (including the Target account) and, to a lesser extent, the statistical adjustment linked to the issuance of banknotes (by € 432.0 million), which offset up to € 1,4.0 million), up to € 1.4 million. To non -residents.

During the period January-February 2025, in the category of direct investment, residents ‘demands on foreign have recorded flows of 1.0 billion euros and residents’ liabilities to foreign, which corresponds to direct investment of non-residents in Greece, recorded flows of € 819.3 million.

Portfolio investments, the slight increase in residents’ claims against abroad is due to a 545.1m -euro rise of residents in non -residents, which was highly offset by the reduction of residents in bonds and foreign bills abroad. The increase in their liabilities almost entirely reflects the € 3.6 billion rise of non -residents in Greek bonds and bids.

In the category of other investments, the increase in residents’ claims against abroad is due to a € 1.2 billion rise of residents in deposits and repos abroad, the statistical adjustment linked to the issuance of banknotes (by € 1.1 billion) and, to a lesser extent, to an increase of 614.8 million euros. Their reduction in their liabilities is mainly attributed to the € 1.8 billion retreat of their loan liabilities to non -residents, which was highly offset by the statistical adjustment associated with the issuance of banknotes (by € 1.1 billion) and the increase of 501.0 million euros in non -residents and non -residents in Greece.

Finally, it is noted that at the end of February 2025, the country’s foreign exchange releases stood at € 15.7 billion, compared to € 12.4 billion at the end of February 2024.