Revised data shows economy shrank by higher rate of 21.4 pct from 2010 to 2014

Photo by Harry van Versendaal
Photo by Harry van Versendaal

The Hellenic Statistical Authority (ELSTAT) published on Tuesday its second estimate of Greece’s 2014 annual national accounts, while also revising 2010-2013 GDP figures downwards compared to those released last March.

According to ELSTAT, the key reasons for the revision relate to updated household consumption expenditure for 2010-2013 and new estimates for 2014, incorporation of analytical results from the 2011 population census, updated external trade data as well ...

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