Unexpected record of over €4.5 billion in July for travel receipts

According to information from the Bank of Greece, question receipts reached a historic record of €12.2 cardinal successful the January–July period. In July alone, question receipts recorded an unexpected grounds of implicit €4.5 billion.

Overall, the surplus in the services equilibrium widened owed to the betterment successful the travel services balance, portion the balances of transport and different services deteriorated. Compared to July 2024, non-resident traveler arrivals accrued by 6.4% and corresponding receipts by 15.0%.

In July 2025, the existent relationship surplus much than doubled (an summation of €728.5 million) compared with the aforesaid period successful 2024, reaching €938.4 million.

The goods equilibrium shortage increased, arsenic the diminution successful exports exceeded the diminution successful imports. At existent prices, goods exports fell by 5.2% (+0.6% astatine changeless prices), portion goods imports decreased by 2.2% (-1.2% astatine changeless prices). Exports of goods excluding fuels roseate by 5.8% astatine existent prices (+9.2% astatine changeless prices), portion imports of goods excluding fuels accrued by 2.1% (+1.8% astatine changeless prices).

The superior income shortage was reduced by astir fractional compared with July 2024, reflecting little nett payments for interest, dividends, and profits. The secondary income equilibrium shortage worsened compared with July 2024, arsenic a effect of accrued nett payments crossed each sectors of the economy.

January–July 2025 period

The existent relationship shortage decreased by €1.4 cardinal compared with the aforesaid play successful 2024, amounting to €6.7 billion.

The goods equilibrium shortage narrowed, arsenic the simplification successful imports exceeded that of exports successful implicit terms. At existent prices, goods exports decreased by 4.9% (+0.3% astatine changeless prices), portion goods imports fell by 3.6% (-2.1% astatine changeless prices). At existent prices, exports of goods excluding fuels roseate by 4.5%, portion the corresponding imports accrued by 3.4% (+7.0% and +2.7% astatine changeless prices, respectively).

The services equilibrium surplus widened owed to the betterment successful the question services balance, which was offset by astir fractional from the deterioration successful the transport balance. Compared with January–July 2024, non-resident traveller arrivals accrued by 2.6% and related receipts by 12.5%.

The superior income shortage decreased compared with the aforesaid play successful 2024, chiefly owed to little nett payments for interest, dividends, and profits. The secondary income equilibrium surplus roseate against the aforesaid play successful 2024, owed to little nett payments by the wide government, partially offset by little nett receipts successful different sectors of the system extracurricular the wide government.

Capital Account

In July 2025, the superior relationship surplus accrued compared with the aforesaid period successful 2024, reaching €84.5 million, reflecting higher nett receipts successful different sectors of the system extracurricular the wide government.

In January–July 2025, the superior relationship recorded a surplus of €1.3 billion, compared with a shortage successful the aforesaid play of 2024, chiefly owed to higher nett receipts by the wide authorities and little nett payments successful different sectors of the economy.

Overall Current and Capital Account

In July 2025, the wide existent and superior relationship surplus (which corresponds to the economy’s outer financing needs) accrued compared with the aforesaid period successful 2024, reaching €1.0 billion.

In January–July 2025, the wide existent and superior relationship shortage narrowed compared with the aforesaid play successful 2024, amounting to €5.4 billion.

Financial Account

In July 2025, successful the class of nonstop investment, residents’ outer assets recorded nett flows of €360.4 million, portion residents’ outer liabilities recorded nett flows of €431.4 million.

In portfolio investment, the alteration successful residents’ outer assets chiefly reflects a diminution of €1.5 cardinal successful their holdings of overseas bonds and treasury bills, partially offset by an summation successful their holdings of non-resident institution shares. The summation successful liabilities chiefly reflects higher non-resident concern successful Greek bonds and treasury bills (+€471.0 million), arsenic good arsenic successful home institution shares (+€171.0 million).

In the class of different investment, residents’ outer assets roseate owed to a statistical accommodation related to banknote issuance (+€678.0 million), an summation of €412.5 cardinal successful loans granted to non-residents by home fiscal institutions, and a €410.1 cardinal emergence successful residents’ deposits and repos abroad. The alteration successful liabilities chiefly reflects a diminution of €1.7 cardinal successful non-resident placements successful deposits and repos successful Greece and a €631.9 cardinal driblet successful indebtedness obligations to non-residents, partially offset by the statistical accommodation related to banknote issuance (+€678.0 million).

In January–July 2025, successful nonstop investment, residents’ outer assets recorded nett flows of €2.3 billion, portion residents’ outer liabilities (corresponding to non-resident nonstop concern successful Greece) recorded nett flows of €3.2 billion.

In portfolio investment, the alteration successful residents’ outer assets reflects a diminution of €3.5 cardinal successful their holdings of overseas bonds and treasury bills, partially offset by a €1.8 cardinal summation successful their holdings of non-resident institution shares. The summation successful liabilities chiefly reflects higher non-resident concern successful Greek bonds and treasury bills (+€7.9 billion), arsenic good arsenic successful home institution shares (+€1.6 billion).

In different investment, residents’ outer assets roseate chiefly owed to the statistical accommodation for banknote issuance (+€3.6 billion), a €602.0 cardinal summation successful loans granted to non-residents, and, to a lesser extent, a €128.5 cardinal emergence successful residents’ deposits and repos abroad. The diminution successful liabilities reflects a €6.6 cardinal alteration successful non-resident placements successful deposits and repos successful Greece (including the TARGET account) and, to a lesser extent, a €566.9 cardinal autumn successful indebtedness obligations to non-residents, partially offset by the statistical accommodation for banknote issuance (+€3.6 billion).

At the extremity of July 2025, the country’s overseas speech reserves stood astatine €15.8 billion, compared with €13.5 cardinal astatine the extremity of July 2024.