GDP

Tax revenue, including social contributions, stood at 39% of GDP in Greece in 2014, up from 33.5% in 2010 and 38.3% in 2013, Eurostat said. The European Union statistical office reported that the ratio of tax revenue and social contributions to...

Eurostat released its second estimate for the European Union and the Eurozone's economic performance for the third quarter of 2015, in which Greece's downturn stands out. While the Eurozone grew by 0.3% from the second quarter of 2015, and the...

Greece recorded the third highest tax ratio increase among OECD countries in the 2013-2014 period, with an 1.5% increase, following Denmark (3.3%) and Iceland (2.8%), the Organization for Economic Cooperation and Development said on Thursday. In its annual Revenue Statistics publication,...

Preliminary figures compiled and released by the Hellenic Statistical Authority (ELSTAT) reveal that the initial estimations of the performance of the third quarter were optimistic. Initial estimations reported that the Greek economy shrunk by 0.4% compared to third quarter of 2014. The...

The Greek economy shrank in the third quarter of 2015 according to preliminary data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After six quarters of year to year growth, Greece's GDP fell during the third quarter of 2015 by 0.4%, in comparison to...

The European Commission upgraded its forecasts for the growth of Cyprus' economy to 1.2% in 2015, in its Autumn forecast, while the Cypriot Ministry of Finance predicts that 2015 will end with a growth rate of 1.5%. Specifically, the European...

The recession in Greece this year is forecast to be shallower than expected due to a strong year in tourism and a rise in spending earlier in 2015 brought on by fears that depositors would suffer losses, the European...

 A new world report by Swiss consulting company Prognos AG foresees a hampered Greek economy into the next decade, according to German newspaper Die Welt that published the results. The report predicts that Greece's economy will keep shrinking by 0.8% each year until the early 2020's....

Greece is on the brink of bankruptcy as private debt is higher than gross domestic product and rising, says a Greek Money report. Private debt is higher than GDP and if the state debt is added to the equation, the...

The highest government debt to GDP ratios in the Eurozone were recorded in Greece (168.8%), Italy (135.1%) and Portugal (129.6%), according to a recent Eurostat news release for the first quarter of 2015. However, the Greek government debt also recorded...