Greece Current Account Surplus Widens to Highest Since 2015

Greece’s current account surplus widened to EUR 1.743 billion in August 2026 from EUR 1.210 billion in the same month last year, marking the largest surplus since August 2015. The services account surplus increased to EUR 4.552 billion from EUR 4.498 billion, driven largely by higher revenues in travel, transport, and other services. Moreover, the primary income deficit narrowed sharply to EUR 0.021 billion from EUR 0.773 billion a year earlier. On the other hand, the goods account shortfall expanded to EUR 2.342 billion from EUR 2.199 billion, as imports (EUR 6.507 billion) outpaced exports (EUR 4.164 billion). The secondary income deficit also rose to EUR 0.447 billion from EUR 0.316 billion.

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.