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Eurostat

Greek Unemployment Rates Are the Highest in the EU

Eurostat figures released on Friday place Greece at the top of the unemployment table within the Eurozone as well as the European Union. Greece's figures, which take into account data available until the month of July, show a 25% seasonally adjusted unemployment rate, which...

Eurostat: 1 in 3 Greeks Is Poor or Facing Unemployment

One in three Greeks is either poor, close to poverty, or facing unemployment, according to new figures by Eurostat. The purpose of the particular survey by the European statistical authority was to determine the percentage of Europeans living in conditions...

Eurostat: Greek Employment Rises

Employment growth in Eurozone accelerated marginally for the second straight quarter in the three months ended June, figures from Eurostat showed Tuesday. Employment rose a seasonally adjusted 0.3 percent in the second quarter, following a 0.2 percent climb in the...

Greece's GDP Up by 1.6% in Q2

The Greek economy grew by 0.9% in the second quarter of 2015 compared with the first quarter and by 1.6% compared with the second quarter last year, Eurostat said on Tuesday. In a report released here, the EU executive's statistics...

Eurostat: Unemployment in Greece Dropped to 25% in May

Eurostat, the European statistical authority, announced that unemployment in Greece dropped to 25% in May 2015, while in April 2015 it stood at 25.6%. However, it has not yet announced any data regarding June, July or August 2015. According to...

The Reason Why Beer Is Cheaper in Greece

Although 19 of the 28 European Union (EU) member-states have adopted the euro as their common currency, the value of goods and services greatly varies from one market to another, according to an article published in French newspaper Le Monde. Recent...

Greek Unemployment Highest in Europe, Again

Greece unemployment was the highest in Europe for the month of June with 25.6% of its potential workforce unemployed, showed the latest figures released by Eurostat. The total number of unemployed people in Europe reached 23.3 million, with 17.8 million of...

Eurostat: Greek Pensions Average €882

Pensioners in Greece receive an average 882 euros per month, 713 euros from basic pension and 169 euros from supplementary pensions, while 12.4 percent live below poverty level, according to Eurostat figures. Average pension in Europe ranges from 250 to 1,500 euros...

Consumption in Greece Relatively Normal Despite Economic Crisis

Actual Individual Consumption (AIC) in Greece was relatively high in 2014 reaching 83 percent of European Union average, according to Eurostat figures released on Tuesday. AIC is a measure of material welfare of households. It is expressed in Purchasing Power...

Greek Economy Shrank by 0.2% in Q1‏ and Revenue Collapse in May

The Greek economy shrank by 0.2 pct in the first quarter of 2015, in contrast with the Eurozone and the EU-28 which grew by 0.4 pct in the January-March period, Eurostat said on Tuesday. In a report released here, the...