Economic news

Greece's Travel Receipts Surge but Data is Incomplete

April 20 (Reuters) - Greece recorded a more than 80% year-on-year rise in travel ​receipts in February, leading to a slight ‌improvement in the nation's finances but on the basis of incomplete data, the central bank said ​on Monday.

The national statistics authority postponed trade ​figures, citing quality issues without giving further ⁠explanation, meaning the Bank of Greece could ​not release data for the balance of ​goods and therefore the overall current account balance.

The Bank of Greece said travel receipts jumped 83.2% from a ​year earlier to 533.4 million euros ($627 million), ​driven by a 44.5% increase in non-resident arrivals.

A narrower ‌transport ⁠surplus and a deterioration in other services, however, almost wiped out the gains.

The primary income account deficit nearly doubled from a year ​earlier, largely ​due to ⁠lower net receipts from other primary income, while the secondary income ​account deficit widened on higher net ​government ⁠payments.

As travel receipts underpinned the economy for the first two months of the year, arrivals rose ⁠by ​38.5% and related revenues ​jumped by 70.7% from the same period in 2025.

($1 = 0.8505 ​euros)

Reporting by Antonis Pothitos; Editing by Barbara Lewis

Source: Reuters


To leave a comment you must or Join us


More news


Back to economic news list

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree