ELSTAT: GDP decreased by 1.1% for the 3rd quarter

27 November 2015
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The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product (GDP) for the 3rd quarter of 2015.

Available seasonally adjusted data indicate that in the 3rd quarter of 2015 the Gross Domestic Product (GDP) in volume terms decreased by 0.9% compared with the 2nd quarter of 2015 against the decrease of 0.5% that was calculated for the flash estimate of the 3rd quarter, and was announced on November 13, 2015.

In comparison with the 3rd quarter of 2014, it decreased by 1.1% against the decrease of 0.4% that was calculated for the flash estimate of the 3rd quarter, and was announced on November 13, 2015.

Available non-seasonally adjusted data indicate that in the 3rd quarter of 2015 the Gross Domestic Product (GDP) in volume terms decreased by 0.9% in comparison with the 3rd quarter of 2014, against the decrease of 0.1% that was calculated for the flash estimate of the 3rd quarter, and was announced on November 13, 2015.

These differences are on account of using new data, not available at the time of the flash estimate.

Quarter on quarter growth rates based on seasonally adjusted data in volume terms, are as follows:

Total final consumption expenditure decreased by 1.0% in comparison with the 2nd quarter of 2015

Gross fixed capital formation (GFCF) decreased by 7.0% in comparison with the 2nd quarter of 2015

Exports decreased by 7.1% in comparison with the 2 nd quarter of 2015

Exports of goods increased by 1.5% while exports of services decreased by 16.1%.

Imports decreased by 16.9% in comparison with the 2 nd quarter of 2015

Imports of goods decreased by 12.1% and imports of services decreased by 31.4%.

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