Finance
Greece's current account gap narrows slightly in November thanks to tourism
Published by Global Banking & Finance Review®
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on January 20, 2025
1 min readLast updated: January 27, 2026
Greece's current account deficit narrowed in November, aided by a 45% rise in tourism revenues, despite imports outpacing exports.
ATHENS (Reuters) - Greece's current account deficit shrank slightly in November compared to the same month in 2023, helped by robust tourism revenues, the Bank of Greece said on Monday.
Central bank data showed the current account deficit was 3.15 million euros ($3.25 million) in November, down from a deficit of 3.18 billion euros in the same month a year earlier.
Tourism revenues rose by nearly 45% year-on-year to 0.62 billion euros, with foreign arrivals up by 23.6%. This largely offset the impact of imports of goods outpacing exports.
However, in the 11 months to November, Greece recorded a current account deficit of 11.5 billion euros, up from a deficit of 11 billion euros in the same period last year.
($1 = 0.9703 euros)
(Reporting by Lefteris Papadimas; Editing by Gareth Jones)
The current account deficit in November was 3.15 million euros, a slight decrease from 3.18 billion euros in the same month a year earlier.
Tourism revenues rose by nearly 45% year-on-year to 0.62 billion euros, significantly helping to offset the impact of imports outpacing exports.
In the 11 months leading up to November, Greece recorded a current account deficit of 11.5 billion euros, which is an increase from 11 billion euros in the same period last year.
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