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GreeceBusinessGreek GDP rises 2.1% in Q1

Greek GDP rises 2.1% in Q1

Hellenic News of America
Hellenic News of Americahttps://www.hellenicnews.com
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Greece’s GDP rose 2.1% in the first quarter of 2024 in comparison with the corresponding quarter of 2023 and reached 56.637 billion euros at current prices, according to provisional data announced by the Hellenic Statistical Authority on Friday. According to the national statistics service, GDP increased by 0.7% in comparison with the fourth quarter of 2023.

The increase in GDP by 2.1% on an annual basis was attributed to the following changes:
*Total final consumption expenditure showed an increase of 1.1% (household consumption increased by 2.2% and that of the General Government decreased by 4%).
*Private investment (gross fixed capital investment) rose 2.9%.
*Exports of goods and services declined by 5.7%. Exports of goods fell 8.8%, while exports of services rose 1.5%.
*Imports of goods and services showed an increase of 3.1%. Imports of goods rose 2.5% and imports of services rose 4.8%.

The changes relative to the fourth quarter of 2023 were attributed to the following:
*Total final consumption expenditure increased by 0.2% (household consumption increased by 0.2% and that of the General Government decreased by 2.7%).
*Private investment (gross fixed capital investment) increased by 7.1%.
*Exports of goods and services showed a decrease of 2.4%. Exports of goods fell 2.7%, while exports of services rose 0.5%.
*Imports of goods and services dropped 0.6%. Imports of goods fell 1.7%, while imports of services rose 2.1%.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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