EDITORIAL /
Our View: Rebalancing Greece
CEO, Enterprise Greece
Even amid global uncertainty, Greece is continuing to rebalance its economy with the rest of the world. Years of reform and sacrifice, of fiscal discipline and productive investment are, steadily, bringing about a new era in the Greek economy.
In the first half of 2025, the current account deficit decreased by 8% year-on-year to €7.6 billion due to an improvement in every subsector: the balance of goods, the balance of services, the primary and secondary income accounts. With data for the third quarter pending – when Greece collects the lion’s share of annual tourism receipts – plus current trends in fiscal balances and foreign investment, that deficit is likely to shrink further this year.
In the meantime, Greece’s economy is transforming. Tourism is moving up the value chain, while whole new industries – from private education to energy to hi-tech – are drawing investment, boosting exports, reducing capital outflows and lifting government revenue.
Greece is on a robust growth path. The economy is becoming more competitive, the country is expanding as an exporter of goods and services, and it remains an attractive investment destination.