Current account deficit declining in 2023

Greece's current account deficit recorded an increase of 120.7 million euros year‑on‑year and stood at €1.8 billion in April, but fell €3 billion to stand at €5.6 billion in the January-April period, the Bank of Greece said on Tuesday.

The decrease in the deficit of the balance of goods is accounted for by the larger drop in imports than in exports. Exports decreased by 3.9% at current prices (1.7% at constant prices) and imports fell by 11.9% at current prices (‑4.1% at constant prices). Specifically, non‑oil exports of goods decreased by 4.1% at current prices (‑7.2% at constant prices) and non‑oil imports of goods dropped by 4.0% at current prices (‑6.1% at constant prices).

The rise in the surplus of the services balance was thanks to an improvement in the other services balance, as well as in the travel balance, while the transport balance deteriorated. Non...