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Greek Households' Available Income Down in 2013

elstatGreek households lost 13.9 billion euros from their gross available income in 2013, with their available income falling by 10.2 pct, compared with 2012 from 136.5 billion to 122.6 billion euros, Hellenic Statistical Authority (ELSTAT) said on Tuesday.
The statistics service, in a report, attributed this negative development to a 10.7 pct decline in workers’ earnings in 2013 and a 12.2 pct decline in social benefits. Final consumption spending by Greek households and non-profit organizations servicing households fell by 3.6 pct in 2013 to 129.9 billion euros from 134.7 billion in 2012.
In a report, the statistics service said that gross fixed capital investments by non-financial companies fell 1.0 pct to 7.5 billion euros in 2012, while the rate of gross fixed capital investments as a percentage of Gross Added Value grew to 13.3 pct in 2013 from 12.8 pct in 2012.
In 2013, the country’s external balance of goods and services recorded a deficit of 5.4 billion euros from a shortfall of 8.7 billion in 2012.
(source: ana-mpa)

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