Developments in the balance of travel services: December 2018
(WorldNews Greece)

Balance of travel services Based on provisional data, the balance of travel services showed a surplus of EUR14 million in December 2018, compared with a surplus of EUR25 million in December 2017. More specifically, travel receipts in December 2018 rose by 40.0% to EUR266 million, from EUR190 million in December 2017, while travel payments increased by 53.1% (December 2018: EUR252 million, December 2017: EUR165 million). The rise in travel receipts is attributed to a 16.8% increase in inbound traveller flows, as well as to a rise of 20.2% or EUR67 in average expenditure per trip. Net receipts from travel services accounted for 2.8% of total net receipts from services and offset 0.8% of the goods deficit....