Greece
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consumption

Greeks Pay More For Food and Beverages

  According to data released by Eurostat for the year 2017, seventeen percent of total expenses for Greek households went to pay for food and non-alcoholic beverages last year. The average percentage for all the nations of the entire European...

Greeks Consume 40% Less than Euro Zone Average

Consumer spending in Greece has declined by 36 billion euros in seven years, with  the annual nominal consumer spending per capita in Greece being 12,940 euros, compared to the 21,413 euros of the euro zone average, according to Eurostat. Private...

ELSTAT: Greek Household Spending Shrinks 2.5%

Greek household spending has further shrunk 2.5 percent annually, according to figures released by the Hellenic Statistical Authority (ELSTAT), on Wednesday. Total monthly spending of households in 2016 amounted to 5.7 billion euros, down 2.5 percent, or 147.2 million euros,...

Greek Households Continue Cutbacks on Basic Goods, Electronics, Fuel

Greek households continue to cut down on basic goods such as food, electronics and car fuel in order to meet their tax obligations to the State. According to data released by the Ministry of Energy and the Environment, in the...

Eurostat: Greece at 77% of EU's Actual Individual Consumption Per Capita Index

Greece is at 77 percent of the average European Union Actual Individual Consumption per capita index for 2016, Eurostat announced on Tuesday. The index measures the actual economic level of the living standards of European households. It is the most...

Food Sales in Greece Drop Due to Crisis

Food sales in Greece have dropped by 18 percent since 2009 as Greeks have cut down on groceries due to the economic crisis, according to a Nielsen survey. The figures show that Greek citizens have reduced consumption of many food...

Survey: Greek Households Get Poorer, Middle Class Is Dwindling

One in three families in Greece has at least one unemployed member, while the middle class is dwindling, a new survey on behalf of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE) says. The research was conducted by MARC...

Greek Retailers Disappointed With December Sales

December retail sales in Greece were once again disappointing, after retailers were expecting the busiest month of the year to curb the downward spiral of sales, a study shows. The market turnover in the last month of the year, which...

Consumption of Staples Drops 5% as Greek Economy Slump Continues

The Greek economy is in ongoing recession with forecasts looking ominous for the sustainability of businesses, consumption and unemployment, a report says. According to a study by the Institute of Small Business of the Hellenic Confederation of Professionals, Craftsmen and...