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Tourism traffic in Greece up 9.7% in Jan-Nov, says BoG

Tourism receipts increased by 4.9% in January-November 2024 as tourist traffic rose by 9.7% during this period, according to data released by the Bank of Greece on Monday.

Despite this development, the central bank said, the current account deficit increased by 510.9 million euros compared to the corresponding period in 2023 and amounted to 11.5 billion euros.

The goods balance deficit increased, due to the decrease in exports and the simultaneous increase in imports.

At current prices, exports of goods fell by 3.6% (3.3% at constant prices) and imports of goods increased by 1.5% (3.0% at constant prices). In particular, at current prices, exports of goods excluding fuel showed a marginal increase (0.1%), while the corresponding imports increased by 4.2% (-2.3% and 4.2% at constant prices, respectively).

The surplus in the services balance widened, mainly due to the improvement in the travel balance and, to a lesser extent, in the balance of other services, while the surplus in the transport balance decreased.

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