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Greece

Greek Inflation Rate Soared to 11.3 percent in May

Much like in many parts of the world, the inflation rate in Greece has soared to its highest rate in nearly thirty years this month. The Greek inflation rate reached 11.3 percent in May alone, which is up from 10.2...

Greek Economy Contracts a Record 15.2% in Second Quarter of 2020

The Greek Statistical Authority (ELSTAT) announced on Thursday that the Greek economy  contracted by 15.2% in the second quarter of 2020, a record which even surpasses the recession during the peak of the economic crisis in the years 2011-12. ELSTAT...

Greek Unemployment Rate Falls to New Record-Low Levels

The Greek unemployment rate fell to 16.5 percent of the workforce in November of 2019, the latest month for which official data is available. The unemployment rate during the same month in 2018 was 18.6 percent, dropping to 16.6 percent in...

More Than One Third of Greek Households Unable to Pay Utility Bills

With more than a third of households unable to pay their utility bills on time, Greece has the unenviable distinction of topping all EU countries in the largest number of people unable to do so, according to data compiled...

Eurostat Survey Finds Greeks Continue to Dine Out Despite Crisis

Despite the substantial decrease in their incomes in the period between 2010 and 2016, Greek citizens seem to have not been very keen to curtail their plans to eat out. This is one of the findings of the statistical service of...

Greek Unemployment Continues Downward Trend; Falls to 16.9% in July

The unemployment rate in Greece fell to 16.9 percent of the workforce in July of 2019, from a level of 19.1 percent seen exactly one year earlier and 17.1 percent in June of this year, the Hellenic (Greek) Statistical Authority...

Official Greek Statistics Show More Deaths Than Births for 2018

The population of Greece experienced a decrease in 2018, with the nation having 33,857 more deaths than the number of births recorded, according to official data released on Tuesday by the Greek statistical service, ELSTAT. There were a total of...

Survey Finds Greeks Now Own More Mobile Than Landline Phones

A survey regarding consumer trends in Greek society was published on Monday by the country's statistical authority ELSTAT, revealing some interesting information about Greek citizens. According to ELSTAT's findings, more Greek households now have just mobile phones than have landline...

Greek Economy Grew by 1.9% During Second Quarter of 2019

The Greek economy grew by 1.9 percent during the second quarter of 2019, compared to the corresponding period in 2018, the Greek Statistical Authority (ELSTAT) announced on Wednesday. The statistics service also announced that Greek GDP rose 0.8 percent in...

Greek Government Directs Local Authorities to Enforce Ban on Smoking

Greece's Health Ministry sent detailed instructions to local authorities throughout the country on Monday regarding the strict implementation of a smoking ban in public places. The ban has been largely flouted ever since its passage by Parliament in 2008, but...

Poverty Threat Among Greeks Drops Significantly But Remains High

The percentage of Greeks who are at risk of poverty or social exclusion fell by three percentage points in 2018 compared to 2017. 31.8 percent of the Greek population were at risk of poverty or social exclusion in 2018, compared...

Greek Unemployment at 19.2 Percent in First Quarter of 2019

The Greek unemployment rate fell to 19.2 percent of the workforce in the first quarter of 2019. This rate is a substantial decrease from the 21.2 percent seen in the same period last year, but an increase from the...

Greek Economy Grows by a Meager 1.3 Percent in First Quarter of 2019

The Greek economy grew by 1.3 percent in the first quarter of the year, exactly half the rate it had grown during the same three-month period in 2018, when gains came to 2.6 percent. The figures were released by...

One in Four Greeks Cannot Afford to Heat Their Home

One in four Greeks say that they cannot afford to heat their homes, according to data released on Thursday by the EU statistical service Eurostat. The EU-wide survey for the year 2017 reveals that the largest share of people who...