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EconomyMacroeconomy
Travel receipts grew 7.2% YoY in July despite drop in arrivals Greece's travel balance recorded a surplus of 4.31 billion euros in July, compared to 3.12 billion euros in June, according to data released by the Bank of Greece (BoG) on Tuesday.
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EconomyMacroeconomy
Greece braces for price shockwaves from Iran amid weakening purchasing power As the conflict in Iran shows no sign of easing, and with damage to energy infrastructure in the Middle East estimated to have reduced production capacity by roughly 30–40 percent - repairs that could take years to complete - it is becoming evident that the world will face unsettled energy markets and volatile prices for some time, even in the more benign scenario of a swift end to the war.
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EconomyMacroeconomy
Lost decades for Greek incomes tell different story to recovery narrative The final 2026 budget submitted to Parliament in November reaffirmed Greece’s strong fiscal performance and the sustained trajectory of declining debt.
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EconomyMacroeconomy
Fiscal data impressive but details suggest caution still required The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
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EconomyMacroeconomy
Unemployment rate edges up to 9.9 pct in July Greece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in July, though rising to 9.9 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday.
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EconomyMacroeconomy
Wage rises become top issue but trajectory lined with obstacles Wages in Greece have featured prominently in this summer's election campaign as, in the midst of the cost-of-living crisis, there is a wider recognition by the leading parties that earnings in Greece need a boost.
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Economy
Vulnerable households allocated 60 pct of income for housing even before cost-of-living crisis The struggles of Greek households, particularly those considered vulnerable, in coping with the cost-of-living crisis were captured in the latest housing overburden data published by Eurostat. It shows that even before the inflation wave intensified (the latest data is for 2021) Greek households had little leeway to cope with rising prices.
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Society
Communication prices in Greece highest in EU27 Greece continues to be the most expensive country in the European Union (EU 27) for communication, according to the latest consumer price comparison by Eurostat.
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Society
Over one in five Greeks struggled to make ends meet in 2017 New data from Eurostat has revealed that over one in five Greeks is classed as severely materially deprived and were unable to make ends meet in 2017.
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Society
Greek population among highest for poverty risk, Eurostat survey shows Eurostat’s annual at risk of poverty statistic updated for 2016 showed that Greece has one of the highest percentage of population at risk of poverty in the European Union.