The tourist exchange rate more than doubled in 2021.
According to the data of the Bank of Greece, the tourist receipts increased by 146.7% compared to 2020, to 10.6 billion euros, representing 58.6% of those of 2019.
Arrivals of non-resident travelers increased by 99.4%.
In 2021, the current account deficit decreased by 356.6 million euros compared to 2020 and amounted to 10.6 billion euros.
The increase in the goods deficit is due to the larger increase in imports compared to exports.
More specifically, exports increased by 35.2% at current prices (12.7% at constant prices) and imports increased by 36.4% at current prices (13.6% at constant prices). In particular, at current prices, exports and imports of non-fuel goods increased by 26.9% and 27.7% respectively (20.2% and 24.2% at constant prices).
The increase in the services surplus is almost exclusively due to the improvement in the travel services balance.
The primary income balance surplus against a deficit in 2020, mainly due to the reduction of net payments for interest, dividends and profits, while the surplus of the secondary income balance more than doubled due to the increase in net government revenues.
In the category of direct investments in 2021, residents ‘claims on foreign countries increased by 992.9 million euros and residents’ liabilities to foreigners, corresponding to direct investments of non-residents in Greece, increased by 5.1 billion. euro.
In portfolio investment, the increase in residents’ receivables from abroad is mainly due to the increase by 24.2 billion euros of residents’ investments in bonds and bonds abroad and by 2.0 billion euros of residents’ investments in shares abroad. The increase in their liabilities is due to the increase in the holdings of non-residents in shares of Greek companies by 2.1 billion euros and in bonds and bonds of the Greek State by 1.4 billion euros.
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