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Tag: Greek GDP

  • Greece GDP recovered in Q3 2020 and recorded a 2.3% increase

    Greece GDP recovered in Q3 2020 and recorded a 2.3% increase

    Greece emerges worst quarterly economic decline reporting a 2.3% increase in third quarter of 2020, Reuters reports.

    Greece’s GDP contracted by 14.1% in the second quarter of 2020, the worst decline in at least 25 years, according to revised data released by Athens.

    Greek economy decreased by 11.7% between April and June 2020, confirming official expectations of a more than 10% rebound this year as a whole.

    ”The decrease in tourism by about 75% is reflected in the annual economic data”, said Nikos Magginas, chief economist of National Bank of Greece.

    On Thursday, Greece announced an extension of the restrictions imposed after the second wave of the pandemic until December 14, due to the still high number of coronavirus infections.

  • Greek GDP decreased by 1.6% in the 1st quarter of 2020

    Greek GDP decreased by 1.6% in the 1st quarter of 2020

    The available seasonally adjusted data gathered by The Hellenic Statistical Authority (ELSTAT) indicate that in the 1st quarter of 2020 the Gross Domestic Product (GDP) in volume terms decreased by 1.6% in comparison with the 4th quarter of 2019.

    In comparison with the 1st quarter of 2019, it decreased by 0.9%.

    The available non-seasonally adjusted data indicate that in the 1st quarter of 2020 the Gross Domestic Product (GDP) in volume terms decreased by 1.2% in comparison with the 1st quarter of 2019.

    Total final consumption expenditure recorded an increase of 0.1% in comparison with the 1st quarter of 2019.

    Exports of goods and services increased by 2.5% in comparison with the 1st quarter of 2019. Exports of goods increased by 4.7%, and exports of services increased by 0.01%.

    Imports of goods and services increased by 0.2% in comparison with the 1st quarter of Imports of goods increased by 0.2%, and imports of services increased by 0.3%.