Wednesday , June 28 2017
Home / Tag Archives: ELSTAT

Tag Archives: ELSTAT

ELSTAT: Greece’s primary surplus reaches 3.9% of GDP in 2016

Greece improved its public finances last year, achieving a general government primary surplus of 0.7 percent of gross domestic product compared to a 5.9 percent of GDP deficit in 2015, the country’s statistics agency ELSTAT said on Friday. “The surplus of General Government for 2016, in accordance with ESA 2010, …

Read More »

Greece’s economy shrank 1.2% in the Q4 2016

Greece’ economy shrank by 1.2 per cent in the fourth quarter of 2016.This is three times worse than a first estimate of 0.4%. It was the worst quarter since 2015. OUCH. Greek GDP shrank 1.2 per cent in fourth quarter – three times worse than a first estimate of 0.4% …

Read More »

Labor Institute: Real Unemployment in Greece is 30.8%

The real unemployment is much higher than the one registered by the Greek Statistics Authority ELSTAT, the Labor Institute of Private Sector union GSEE (INE-GSEE) claims. The Institute estimates that 800,000 people are long-time unemployed and the unemployment rate is 30.8%, while the ELSTAT said it was 23.4% for the …

Read More »

230K children live in households without any income

230,000 children live in households without any income and 39.9% of Greece’s population cannot afford basic goods and services, like food and heating. According to the latest report published by the Greek Statistics Authority (ELSTAT) 39.9% of the population lacks basic material goods and services, such as food and heating. …

Read More »

Greece’s recession increases in Q3 2015

On Friday, Greece’s state statistics agency, ELSTAT, drastically revised downwards the economy’s third-quarter contraction to 0.9 percent, from 0.5 percent previously. “These differences are on account of using new data, not available at the time of the flash estimate,” the Elstat agency said, citing a mixture of September balance of …

Read More »

Greeks suffered wages losses of -28.16% from 2010 to 2015

Five years of loan agreements, memoranda of understanding, austerity measures and internal devaluation. And here is the bill for Greece’s employees: a decrease of 28.16% within five years. According to data from the Hellenic Statistical Authority (ELSTAT) salaries were cut by 28.16% in the period of the first memorandum of …

Read More »

ELSTAT: Greece’s Deflation at -2% in May 2014

I don’t know if deflation in the debt-ridden country keeps pace with the speed of the famous train bringing success and development in Greece. Fact is that deflation, that is the decrease in the general price level of goods and services, accelerates in high speed. According to Greek Statistics Authority …

Read More »

Greece’s unemployment slightly down, but still at least 1.3million people without work

Unemployment in Greece slightly decreased from 27.6% in January 2014 to 26.5% in February of the same year.However despite the slight improvement, there are still at least 1.3 million people without work. The real number is much higher as the Greek Statistics Authority (ELSTAT) takes into consideration only the unemployment …

Read More »

Unemployment in Greece breaks all records: 28% general, 61.4% among youth

Unemployment in Greece broke all previous records! General unemployment climbed up to 28% in November 2013, while unemployment has hit the youth with 61.4%. A total of 1,382,062 people are without work and income, according to Greek Statistics Authority. November 2013 :  28% November 2012:  26.3% October 2013:      27.7% Unemployment …

Read More »

Finally Greek success story: Recession shrank thanks to tourists

There it is! Success and development. And growth. Everything goes upwards and I really do not understand why Greeks still complain about austerity, income shrinking and a non-stop misery. Recession shrank in the second quarter and thus due to several millions of tourists that picked up Greece for their summer …

Read More »

ELSTAT chief to face felony charges over inflated Greek deficit in 2009

Greek economic prosecutors are seeking felony charges against the former president of the Greek Statistics Authority Andreas Georgiou over  upwards manipulation of the Greek deficit in 2009 and thus with the aim to push the country into the IMF bailout mechanism. Apart from Georgiou  felony charges are also to be raised against the …

Read More »