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Tag Archives: ELSTAT

ELSTAT suspends quarterly flash estimates on GDP; media speculate

Greece’s statistics service ELSTAT has suspended until further notice the release of flash quarterly estimates on the country’s gross domestic product because of divergences with provisional estimates, a statement issued by ELSTAT said on Monday. The move means that flash data will not be issued on Aug. 14. Nationwide quarterly …

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ELSTAT: Greece’s GDP shrunk by 26% since 2010, public debt surged

Greece’s GDP shrunk by 61.6 billion euros (26 percent) since 2010, the time span when three bailout memorandums with institutional creditors were signed and implemented, figures showed this week. Additionally, general government revenues decreased by five billion euros, with public sector wages, pensions and welfare benefits cut by 19.13 billion …

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Former ELSTAT chief Georgiou convicted for breach of duty

The Athens Misdemeanors Appeal Court on Tuesday handed a two-year sentence, suspended for three years, to former chief of Greece’s statistical service, ELSTAT, Andreas Georgiou. The court did not recognize any mitigation and imposed the maximum sentence with the prosecutor’s assent. The court found  Georgiou was found guilty on one …

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Prosecutor requests guilty verdict for ex ELSTAT chief Georgiou

A three-member Appeals Court will rule on Tuesday over a breach of duty charge raised against the former head of Greece’s statistical bureau (ELSTAT), Andreas Georgiou. The court concluded today’s session after the prosecutor requested a guilty verdict, accepting the charges filed against the former chief statistician. According to the …

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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, …

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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% …

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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 …

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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. …

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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 …

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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 …

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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 …

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