Greece Current Account Surplus Narrows in July

Greece’s current account surplus narrowed to EUR 0.22 billion in July 2026, from EUR 0.67 billion in the same month last year. The goods deficit rose to EUR 3.15 billion from EUR 2.92 billion a year earlier, as imports (EUR 8.12 billion) grew more than exports (EUR 4.97 billion) in absolute terms. At the same time, the primary income gap widened to EUR 0.68 billion from EUR 0.57 billion, reflecting higher net interest, dividend, and profit payments. The secondary income deficit also increased to EUR 0.60 billion from EUR 0.24 billion a year earlier, owing to higher net payments mainly in the general government sector. Meanwhile, the services surplus edged up to EUR 4.65 billion from EUR 4.39 billion, mainly attributed to an increase in the travel balance.

Greece’s current account deficit narrowed sharply to €0.603 billion in June 2026 from €1.195 billion in the corresponding month a year earlier. This marked the lowest deficit since September 2025, as the goods account deficit shrank to €2.615 billion from €3.163 billion, with exports jumping 27.5%, outpacing a 7.3% rise in imports. At the same time, the primary income shortfall narrowed notably to €0.845 billion from €1.128 billion. In contrast, the services account surplus decreased to €3.242 billion from €3.366 billion, while the secondary account deficit widened to €0.386 billion from €0.270 billion. In the first half of 2026, the country recorded a current account deficit of €9.539 billion, up from €8.498 billion in the same period last year.

Greece’s current account deficit widened sharply to €0.960 billion in May 2026 from €0.004 billion in the corresponding month a year earlier. The primary income deficit expanded to €0.751 billion from €0.327 billion. At the same time, the secondary income balance posted a deficit of €0.395 billion, compared with a surplus of €0.515 billion a year earlier, driven largely by a significant decrease in receipts from both the general government and other sectors. Meanwhile, the goods account deficit narrowed to €2.115 billion from €2.362 billion as exports surged 21.2%, outpacing a 9.6% increase in imports. The services account surplus also widened to €2.300 billion from €2.170 billion. In the January–May period, the country recorded a current account deficit of €8.936 billion, up from €7.303 billion in the same period last year.