What do the BoG’s details show
The country’s current account balance in January as its surplus decreased by € 784 million was deteriorated. against the corresponding month of 2024 and was set at 1 billion. euro.
This development in accordance with Bank of Greece It is due to the deterioration in all individual balances, but primarily the secondary income balance and the balance of goods and, to a lesser extent, in the service balance.
More specifically, the surplus of the service balance was reduced in January 2025, due to the deterioration of the balance of other services and, to a lesser extent, the travel services balance, while the transport balance recorded marginal improvement. Compared to the corresponding month of 2024, non -resident of travelers increased by 11.4% and the relevant proceeds by 7.5%.
The surplus of the primary income balance was limited compared to January 2024, reflecting the reduction of net interest, dividends and profits, as well as other primary income. The surplus of the secondary income balance was shrinking against January 2024, as a result of the recording of net payments, against net revenue, in the general government sector, as well as the reduction of net receipts in other general government.
The surplus of the total current account and capital balance (which corresponds to the needs of the economy for funding from abroad) decreased by EUR 466.5 million and stood at € 1.2 billion.
In the financial transaction balance in the direct investment category, residents’ requirements for foreign flows of € 99.3 million were recorded and the liabilities of residents to abroad, corresponding to direct investment of non -residents in Greeceflows of EUR 448.9 million.
In portfolio investments, the increase in residents’ claims against abroad mainly reflects the 240.0 million euros of their placements in bonds and lounges abroad and, to a lesser extent, increase by € 178.9 million of residents in non -residents. The increase in their liabilities is almost entirely due to the increase of 3.5 billion euros of non -resident positions in Greek bonds and bold bills.
