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GDP Decreased By 4.6% On Year

Greek Gross Domestic Product (GDP) for the third quarter of 2010 decreased by 4.6% in comparison with the third quarter of 2009 and by 1.3% in comparison with the second quarter of 2010, according to Hellenic Statistical Authority, ELLSTAT.
Gross fixed capital formation (GFCF) decreased by 20.0% in comparison with the third quarter of 2009. By asset, GFCF in dwellings decreased by 17.1%, in other construction by 10.4%, in other machinery and equipment by 25.4% and in transport equipment by 33.2%.
Total final consumption expenditure recorded a decrease of 5.5% in comparison with the third quarter of 2009. General government consumption decreased by 4.7%, while private consumption recorded a decrease of 5.8%.
External trade deficit decreased by 42.2%, contributing positively to the GDP percent change.

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