GDP

In its latest report, the EU statistical office Eurostat said that the Greek public debt decreased by 1% compared to the 4th quarter of 2013, but it was up 13.5% compared to the 1st quarter of 2013. Eurostat reported that from the total 174.1% of GDP,...

Greece's GDP shrank by 40 billion euros between 2010 and 2013 to 182 billion euros, and public debt amounted to 175% of that figure, or 318.7 billion euros, according to a Hellenic Statistical Authority (ELSTAT) report forwarded to Eurostat as notification of the excessive...

The German newspaper Bild continues to provoke with a new article entitled “Greeks can reduce their debt with sex and drugs.” In the article, the newspaper criticizes the “extended way” in which Brussels calculates the GDP of European countries. The newspaper...

Despite the assurances of the Greek government that the country will recover by 2014, gross domestic product data released on Tuesday, show that the recession is getting deeper. According to the Greek statistics service ELSTAT, Greece's GDP shrank by 3.9% in...

Nine out of the existing thirteen Greek regions were ranked below 75% of EU’s average per capita GDP, according to data concerning 2011 that was released by Eurostat today. The Ionian Islands were close to the border line, while the only Greek...

Greece 's Gross Domestic Product (GDP) dropped by 3.7% in 2013, statistics data showed on Friday. The result is less than a 4 percent contraction forecast by the government and the country's lenders, the European Union and the International...

The Greek Parliament's Budgetary Office (BO), responsible for monitoring how the Greek State's budget is implemented, has issued its fourth quarter report for 2013 on the state of Greece's fiscal and structural reforms. Progress on Fiscal Reforms On the upside, the BO...

“From the beginning, our state had no other choice than to live on credit. We were born in debt.” - Gerassimos Notaras, head archivist, historical archive, National Bank of Greece The debt history of Greece begins well before an official Greek...

According to the Ministry of Finance, Cyprus' economy shrank by 5.5 percent in 2013 which is less than expected, probably due to the resilience of private consumption and the turnover from tourism. The Cypriot government, which has received 10 billion Euros...

Despite the recession and the austerity measures, the Greek public debt increased in the third quarter of 2013, with a 19.5% total increase in a year. According to Eurostat, Greece is the champion of debt as far as Gross Domestic...