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  1. Draft budget sees primary surplus at 1.8 pct of GDP in 2017, revenue interventions of 2.5 bln

    EconomyMacroeconomy

    have been downward adjusted by 2.2 percent to 48.16 billion euros in 2016, largely reflecting... was granted in July and August, while arrears of 1.44 billion in total (including tax refunds... pensions (265 million) 3) Granting social allowances for a total amount of 871 million in 2017, which

    5%

  2. Tormenting Greece with a distorted picture
    Photo by Panayotis Tzamaros/Fosphotos

    Agora

    for the last six months and economic sentiment fell by 2.2 percent in February. Greece will never... that it was reclassifying 6.3 billion euros of deposits from private to general government, meaning the total could no longer be directly compared with previous ones. If these 6.3 billion euros are added to January’s total

    5%

  3. Greek households spend greatest share of income on accommodation in EU
    Photo by Harry van Versendaal

    Society

    , this was double the rate for the total population. Similarly, 52.1 percent of young people were living...”. It also highlights that in the 2011 Eurostat census, “Greece had more than 2.2 million unoccupied conventional dwellings (secondary residences and vacant housing), i.e. 35.3 percent of the total number

    5%

  4. Unemployment rate edges down to 21.1 pct in Q2, lowest since Q4 2011
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    pace by 2.2 pp to 25.4 percent. The breakdown by age revealed that the jobless rate among the 20-24... unemployed (over 1 year) fell to 752,000 for a second straight quarter. Out of the total, long-term... and retail trade (18 percent of total), agricultural (12.1 percent), accommodation and food services (9.9

    5%

  5. Unemployment rate at 20.9 pct in November, slight upward revision for October
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyMacroeconomy

    , with the total for those employed standing at 3.8 million. On a year-on-year basis, the figure... against the previous year, and is the fourth consecutive month since October 2011 where the total... and 17.3 percent, respectively. Unemployment for those aged 45-54 fell by 2.2 pp to 16.6 percent

    5%

  6. Newsletter 155 -16/03/2018

    Newsletters

    . The issue before that had a much milder borrowing cost of 2.2 percent. The new issue falls also under... for the month showed that ELA funding made up around 59.9 percent of the total liquidity. The BoG figures also revealed that banknotes in circulation fell by 1.31 billion to 34.56 billion, the lowest total

    5%

  7. Greek hourly labour costs less than half of eurozone average
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    and the highest in Denmark at 42.50 euros. Compared to 2016, labour costs in Greece rose by 2.2 percent against an EU average rise of 2.3 percent. As a percent of the total, non-wage costs make up 25.7 percent of the total labour costs for Greece, slightly above the EU average of 24 percent. Although

    5%

  8. GDP up by 2.3 pct year-on-year in Q1 on strong export growth
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    consumption represents the majority of GDP, making up 88.1 percent of the total figure in Q1... represents almost 21 percent of the total. The latest MoF budget tabled at the end of 2018 estimates... conservative at 2.2 percent.

    5%

  9. Primary surplus confirmed at 6.44 bln in October on revised budget targets
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    billion, while VAT revenues also rose by 2.2 percent to 13.62 billion. On a monthly basis, indirect taxes... exactly on target. Of the total revenues, 1.49 billion were EU funded while 198 million were from... the target by 1.32 billion. Out of the total PIB expenditure, 1.66 billion came from co-funded sources while

    5%

  10. Budget primary surplus at 7.61 bln in November as expenditure curtailed
    Photo by MacroPolis

    EconomyMacroeconomy

    beat its target by 3.55 billion euros. Revenues Monthly gross revenues rose by 2.2 percent YoY... euros. Of the total revenues, 1.50 billion were EU funded while 360 million were from the government... by 1.55 billion. Out of the total PIB expenditure, 1.94 billion came from co-funded sources while 552

    5%