Greece tourism revenue up 9.4% to €18.2B in eight months; current account deficit widens

Greek tourism revenue rose 9.4% year-on-year to €18.2 billion in the first eight months, sustaining a record pace. However, the current account deficit widened by €2.4 billion to €8.9 billion over the same period, indicating that import growth or other outflows offset tourism gains. The data suggests continued economic momentum in the tourism sector but a deteriorating external balance, which may weigh on the euro and Greek assets.

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