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Greece

Hellenic Statistical Authority Releases Data: 31,000 Greeks & 191,000 Immigrants Reside in Nation

Greece's population is at 11.3 million people , but how many of these are actually Greeks?  Data was released on Monday afternoon by the Hellenic Statistical Authority. The information highlights facts that might prove elusive when analyzed in absolute numbers. These facts determine...

Greek Economy Set for Continued High Growth in 2024

After a robust recovery from the Covid-19 pandemic and increasing favor with several credit rating agencies, the Greek economy is expected to see a continued trend in positive growth in the new year. The Greek Economy in 2024 In its World...

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 Tourism Takes Plunge in 3rd Quarter Due to Covid-19

Greek tourism took a giant plunge in the third quarter due to the Covid-19 pandemic, according to the Hellenic Statistical Authority (ELSTAT) figures released on Friday. In the accommodation sector, the turnover in the third quarter amounted to only 1.55 billion...

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...

One in Two Greek Citizens Cannot Afford One Week of Vacation

One in two Greek citizens cannot afford even one week of vacation this summer due to the recession caused by the coronavirus and the repercussions of the 10-year-long economic crisis, as the Hellenic Statistical Authority (ELSTAT) data shows. Along with the...

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...

Revenues at Greek Museums and Archaeological Sites Continues to Rise

The number of visitors to Greek museums recorded an increase of 2.5 percent and there was a 12.3 percent rise in visits to the country's many archaeological sites in September of 2019 compared to the same period in 2018. These very encouraging figures...

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...

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...

September Will be Crucial Month For Course of Greek Economy

September is considered to be a pivotal month for the Greek economy, regarding both budget figures and contacts with its European partners on the issue of fiscal targets and the implementation of reforms. The first important date is September 4, when...

Greek Unemployment Falls to 17.6 Percent in April, Lowest Since 2011

The Greek unemployment rate fell to 17.6 per cent of the workforce in April 2019 from 18.2 per cent in March and 19.8 pct in April last year, the Greek Statistical Authority (ELSTAT) said in a report on Thursday. This...

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...