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Income
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EconomyMacroeconomy
Disposable income slips 1.6 pct in Q2 on higher income and wealth taxes After rising in the preceding three quarters, Greek household disposable income fell by 1.6 percent in the second quarter (Q2) of 2015, Hellenic Statistical Authority (ELSTAT) data showed on Friday.
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Society
Greek household income falls almost 30 pct in 8 years, finds OECD Household disposable income fell by 27.5 percent per capita in Greece from 2007 to the first quarter of 2015, bucking the trend in the world’s leading industrialised nations, where the figure went up by 8.13 percent.
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EconomyMacroeconomy
Disposable income up by 2.6 pct in Q1 for highest reading since 2009 Greek household disposable income rose for the third successive quarter in Q1 of 2015, when it increased by 2.6 percent, which is faster than the 1.4 percent rise posted in Q4 2014, according to the Hellenic Statistical Authority (ELSTAT).
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Society
Income inequality in Greece remained high in 2013 The share of the income of the wealthiest fifth in Greek society was 6.6 times higher than that of the poorest fifth in 2013, data published this week by the Hellenic Statistical Authority shows.
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Society
Income inequality in Greece has grown during crisis, OECD report shows Income inequality between the richest and poorest in Greece society has increased over the past few years, with the top tenth of society earning 12.3 times more than the poorest in 2012, up from 10.5 in 2007, a report from the Organisation for Economic Cooperation and Development has found.
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EconomyMacroeconomy
Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct Greek household disposable income grew for the second straight quarter by 1.4 percent year on year in the fourth quarter (Q4) of 2014 after an upward revised 1 percent rise in Q3, according to the Hellenic Statistical Authority (ELSTAT).
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Society
Lowest income groups in Greece saw wages drop and taxes rise most during crisis Lower income groups in Greece saw their tax burden increase by 337.7 percent from 2008 to 2012, compared to a 9 percent rise for higher income groups, a new report on the impact of the crisis and austerity policies on incomes, inequality and poverty in Greece has found.
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EconomyMacroeconomy
First rise since 2009 for Greek household disposable income in Q3 2014 Greek household disposable income rose by 0.03 percent year on year (YoY) in the third quarter (Q3) of 2014 following a drop of 8.3 percent in Q2, according to the Hellenic Statistical Authority (ELSTAT).
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EconomyMacroeconomy
Greek disposable income continues its slide in Q2, reached 29 pct during crisis Greek household disposable income fell by 4.3 percent year on year (YoY) in the second quarter (Q2) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT).
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Society
Most Greeks saw income fall over last year, limiting purchasing power The results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited.