Greece
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GDP

Greece's Industrial Production Declines Less than Other EU Countries

  Industrial production in Greece fell by less than the average decline in the Eurozone, Eurostat said in a report on Tuesday. Production worldwide has greatly slowed down in recent months due to the coronavirus pandemic and its related shutdowns. However,...

Greece Second Only to US in NATO Defense Spending

Greece is the country that spends the highest amount of money in NATO for its defense as a percentage of its GDP, after only the United States, official data recently revealed. According to the available data from NATO, only five...

EU Predicts Rosy Outlook for Cyprus Economy This Year

The Gross Domestic Product (GDP) of the island nation of Cyprus is expected to grow by 3.3 percent in 2019, the European Commission said on Thursday. The commission predicted this rosy outlook on the basis of new data which...

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 attributed to economic growth in Greece during 2017. Specifically, the Greek GDP rose from €176.48 billion...

New Report Claims Greece Can Expect 2.1% Growth in 2018

  As reports from Germany on Thursday appeared to link proposed Greek debt relief with growth rates, a think tank in Athens claimed the economy would again improve in 2018. Data from the Foundation of Economic and Industrial Research (IOBE) predicted 2.1 percent...

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 Monday that GDP went up 0.1 percent in Q4 2017, but the speed of growth...

Greece's Epirus, Thrace Rank Among EU's Poorest Regions

Greeks are at the lowest levels in the EU in regards to gross domestic product (GDP) per capita and purchasing power standard (PPS), according to Eurostat. The 2016 figures from the European statistical authority also show that Epirus and Thrace...

IMF Reiterates: Lowering Greece's Primary Surplus Target After 2022 is Imperative

The target of achieving a primary surplus of 2 percent of GDP after 2022 offered to Greece by its European lenders at the last Eurogroup meeting must be lowered, the International Monetary Fund's (IMF) spokesman Gerry rice said on...

OECD: Greek Economy to Grow 1.1 Percent in 2017, 2.5 Percent in 2018

Greek economy is expected to grow by 1.1 pct this year and by 2.5 pct in 2018, the OECD said in its Global Economic Outlook report released on Wednesday. Referring to Greece, the Paris-based organization said the country's primary fiscal...

PM's Office to Partners: We Expect to Implement their Commitments

In an announcement commenting on the Greek GDP growth figures announced by the independent statistics agency ELSTAT on Friday, the prime minister's press office said that these had once again debunked the 'total disaster' scenarios painted by main opposition...