The Greek economy grew at a slightly faster rate in the second quarter of 2015 with the country’s GDP rising 1.6%, up from an initial estimate of 1.4%, Hellenic Statistical Authority (ELSTAT) said on Friday.
The statistics service, in its revised seasonally-adjusted figures, said that the GDP increased by 0.9% in volume terms in the second quarter compared to the first quarter.
Total final consumption expenditure recorded an increase of 2.2% in comparison with the second quarter of 2014. Gross fixed capital formation (GFCF) decreased by 3.3% in comparison with the relevant period last year. Exports decreased by 1.8% in comparison with the second quarter of 2014. Exports of goods decreased by 4.2%, while exports of services increased by 1.6%.
Quarter on quarter growth rates based on seasonally adjusted data in volume terms, are as follows:
Total final consumption expenditure rose by 1.1% in comparison with the first quarter of 2015. Gross fixed capital formation (GFCF) decreased by 10.6% in comparison with the previous quarter. Exports increased by 0.1% compared to the first quarter. Exports of goods were reduced 2.3% while exports of services increased by 2.2%.
Imports decreased by 4.9%, imports of goods decreased by 4.7% and imports of services by 7.6%.
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