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Sea Tourism Estimated to Account for 3.5 percent of Greek GDP

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)....

ELSTAT: Greek GDP Rises by $4.2 Billion in 2017

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...

What is GDPR and How it Affects Greek Businesses and Data Privacy

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...

Greek Plan Vows to Keep Budget Surplus at 3.5% of GDP Until 2022

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according...

Greek GDP Rises for Fourth Consecutive Quarter

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...

Greece is World Champion in Shadow Economy, at 21.5% of GDP

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,...

Greek Statistics Service Suspends Release of GDP Flash Quarterly Estimates

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...

Greek GDP Revised Upwards to +0.4% in Q1

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...

Underground Economy in Greece Is About One Quarter of GDP

The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about...

Greece Records Primary Surplus of 3.9% of GDP in 2016

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...