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ELSTAT

Most Greeks Find it Hard to Make Ends Meet

More than half of all Greeks have trouble paying their bills, the country's statistics agency said on Friday, as efforts to meet the country's bailout terms drive up poverty and income inequality. Almost two thirds - 63 percent - of...

Greek Unemployment Hits Record 25.1%

Greek Prime Minister Antonis Samaras' hopes of putting the floundering Greek economy on the road to recovery took another hit with the release of figures showing that the country's unemployment rate hit another record high and was at 25.1...

Greek Economy Shrinks by 6.2 Percent

Greece΄s economy contracted 6.2 percent in the second quarter as belt-tightening to slash deficits continued to take a toll, hampering efforts to meet targets set by the country΄s international lenders for continued bailout funding. Currently in its fifth consecutive year,...

Scary Prediction That Greek Unemployment Could Hit 30%

ATHENS – Greece’s jobless lines, now with more than 1.1 million people in them as unemployment has hit 22.5 percent, could be a lot longer by the end of the year and be the world’s highest, one of the...

During Past Decade, Greek Population was Reduced by One Million People

The Greek population has been reduced by one million people according to Neos Kosmos. The bad news is that Greece not only has more elderly people than young, but it also has a million Greeks less than in 2001. Even...

Greek Jobless Rate Hits Record 22.6%; Women, Youth, Hurt Most

ATHENS – Pro-austerity parties got bad news on June 14th, three days before the critical elections that could determine whether parties opposed to pay cuts, tax hikes and slashed pensions win power and vow to end the punishing measures,...

Greece's Shrinking Economy Could Aid Anti-Austerity Parties

ATHENS – Despite more than two years of record cost-cutting, including slashes in salaries and pensions in addition to record tax hikes demanded by international lenders in return for $325 billion in two bailouts, Greece’s economy is continuing its...

Car Industry Stops Moving in Greece

Car acquisitions were significantly reduced during April 2012 in comparison to last year’s figures, according to data by the Hellenic Statistical Authority (ELSTAT). Passenger car purchases were reduced by 55.6% in April in comparison to April 2011, while in...

Greece's Budget Deficit Reached 9.1pct of GDP in 2011

Greece's budget deficit reached 9.1 percent of gross domestic product (GDP) last year, in line with expectations, compared to a downwardly revised shortfall of 10.3 percent in 2010, the country's statistics service ELSTAT said on Monday. "According to provisional data,...

New ELSTAT Data Shows Decline in Greek Exports to European Countries

Exports of Greek products in countries of the EU have declined significantly (except for oil products that have not yet been calculated, while exports in other foreign countries present satisfactory rates and are in some cases increasing. The Hellenic Statistical...