The Bank of Greece reported that the current account deficit widened by about EUR 1.5 billion year over year to EUR 9.3 billion in January to July 2026. Deterioration in the secondary and primary income accounts outweighed narrower goods and larger services deficits, including an improved travel balance. In July alone, the current account remained in surplus, but the surplus fell significantly to EUR 218.5 million as weaker goods and income balances offset stronger services. The combined current and capital account recorded a EUR 9 billion deficit for January to July. Over the same period, nonresidents invested a net EUR 7.6 billion directly in Greece and increased their holdings of Greek bonds and Treasury bills by EUR 8.7 billion and Greek equities by EUR 2.8 billion. Greece’s reserve assets stood at EUR 19.5 billion at the end of July, up from EUR 15.8 billion a year earlier.
2026-09-21Bank of Greece
Bank of Greece reports wider January to July current account deficit of EUR 9.3 billion
The Bank of Greece reported that the current account deficit widened by about EUR 1.5 billion to EUR 9.3 billion in January to July 2026 as weaker income balances outweighed improvements in goods and services. The July surplus fell significantly to EUR 218.5 million, while reserve assets rose to EUR 19.5 billion.