Greece

Elon Musk's personal net worth is currently larger than Greece's gross domestic product (GDP). The businessman and engineer who is currently the CEO of Tesla and SpaceX is currently worth $219.9 billion, while the nation of Greece's GDP is...

The Greek tourism industry’s direct monetary contribution to the country’s GDP came to 21.6 billion euros, or 11.7 percent, in 2018 according to data released this week by INSETE, the research department of the Greek Tourism Confederation. This represents an...

Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 percent or slightly more in 2019 and 2020 after an 1.9 percent growth rate in 2018. These latest figures come...

Public debt in Greece and Italy grew last year, while the European bloc as a whole recorded an overall decrease in its liabilities, the European Union statistics office said on Tuesday. At the end of 2018, Greece, which is the...

The importance of sea tourism for Greece's economy was once again affirmed, in data released by the Institute of the Greek Tourism Confederation (INSETE). According to these figures, sea tourism, including sea cruises, yachting, and shipping, accounted for approximately...

According to the final figures for 2017 released by Greece’s Statistics Authority (ELSTAT), Greek GDP increased by €3.75 billion ($4.20 billion). This increase is attributed to economic growth in Greece during 2017. Specifically, the Greek GDP rose from €176.48 billion...

You may have noticed your email inbox full of messages about something called GDPR. Friday will see this General Data Protection Regulation roll out across the EU -- including Greece -- representing the biggest change in European online data and...

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...

New data has revealed that Greece's economy grew again last October-December, a fourth consecutive period of quarter-on-quarter growth. ELSTAT, Greece's official statistics agency, said on Monday that GDP went up 0.1 percent in Q4 2017, but the speed of growth...

More than one in five euro notes changing hands in Greece is not recorded, as shadow economy amounts to 21.5% of gross domestic product, according to a study by the Institute for Applied Economic Research, at the University of Tübingen. Greece is the leader among...

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, an official at the statistics service announced on Monday. The move means that flash...

Greece on Friday revised upwards its GDP figures for the first quarter, to an increase of 0.4 pct after a 0.5 pct decline initially recorded. Hellenic Statistical Authority, in a report, said that based on provisional data, the country's GDP...

The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about one quarter of the country's official GDP, according to University of Macedonia Professor Vassilis Vlachos. The...

Greece recorded a primary surplus of 3.9 percent of GDP in 2016, official figures showed on Friday. Hellenic Statistical Authority, in a report, said the general government recorded a primary surplus of 3.9 percent of the country's Gross Domestic...

Gross domestic product in Greece remained unchanged in 2016, totaling 184.5 billion euros in terms of volume, according to figures released by the independent statistics agency on Wednesday. The Hellenic Statistical Authority (ELSTAT), in its provisional report on annual national...