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Income
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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
Wages index hits record high YoY rise of 7.9 pct in Q4 2025 Greece’s seasonally adjusted (SA) Wages Index grew by 7.9 percent year-on-year (YoY) in Q4, from 7.5 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
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EconomyMacroeconomy
Business landscape dominated by SMEs, six in 10 workers earn below 1,200 euros The 2025 annual report by the Labour Ministry, based on the data registered in the ERGANI database, gives the latest snapshot of Greek entrepreneurship, employment, and income profiles for the private sector.
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EconomyMacroeconomy
Disposable income records modest 1.9 pct YoY rise in Q3, saving rate again negative Household disposable income increased by 1.9 percent year-on-year (YoY) in Q3 last year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
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EconomyMacroeconomy
Disposable income rises in Q2, saving rate stays negative at -3 pct Household disposable income increased by a solid 8.1 percent year-on-year (YoY) in Q2 this year, according to Hellenic Statistical Authority (ELSTAT) data released on Monday.
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EconomyMacroeconomy
Wages index growth slows to 7.4 pct YoY in Q3 Greece’s seasonally adjusted (SA) Wages Index grew by 7.4 percent year-on-year (YoY) in Q3, from 9.3 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday.
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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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Economy
Housing costs, food prices set limits to impact of tax cuts The Greek government’s efforts to shift the narrative and change its political fortunes are crashing against the realities on the ground as reflected in the frequent data releases from Eurostat and ELSTAT.
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EconomyMacroeconomy
Wages grew by 8.7 pct YoY in Q2 thanks to strong seasonal hires Greece’s seasonally adjusted (SA) Wages Index grew by 8.7 percent year-on-year (YoY) in Q2, from 6.2 percent in the first quarter of 2025, Hellenic Statistical Authority (ELSTAT) figures showed on Friday.
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EconomyMacroeconomy
Union report sums up grim state of wages, policy shortcomings The latest annual report by Greece’s largest union, GSEE, captures the grim picture regarding wages in Greece and the spending power of workers.