ELSTAT: Growth up by 2.3% in first quarter of 2018

4 June 2018
235 Views

The Hellenic Statistical Authority announced growth of 2.3% in the first quarter of 2018 on Monday morning, relying mainly on exports that moved upwards in contrast to imports, consumption and investment which all fell.

According to provisional seasonally adjusted data, the Gross Domestic Product (GDP) in the first quarter of 2018 showed an increase of 0.8% compared to the fourth quarter of 2017, while in comparison to the first quarter of 2017 it was up by 2.3%.

On the basis of the annual changes, ie the difference in the first quarter of 2018 from the first quarter of 2017:

– Total final consumption expenditure decreased by 0.3% compared to the first quarter of 2017.

– Gross fixed capital formation decreased by 10.4% compared to the first quarter of 2017.

– Exports of goods and services increased by 7.6%. Exports of goods increased by 10.5% while exports of services increased by 3.8%.

– Imports of goods and services decreased by 2.8% compared to the first quarter of 2017. Imports of goods declined by 6.1% and imports of services increased by 13.0%.

You may be interested

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”
GREECE
shares782 views
GREECE
shares782 views

“Athens is one of the last cities in Europe that can still be old, weird & chaotic”

Panos - Jan 17, 2019

At a time when the mainstream narrative is all about how Greece’s ‘best and brightest’ minds have been fleeing the…

Which Greek island was a top trend for Americans in 2018?
GREECE
shares18 views
GREECE
shares18 views

Which Greek island was a top trend for Americans in 2018?

Panos - Jan 17, 2019

The Greek island of Mykonos is among the global destinations that have seen the largest increase in demand for air…

F-22 vs. F-35: Which Stealth Fighter Wins in a Shootout?
DEFENCE
shares24 views
DEFENCE
shares24 views

F-22 vs. F-35: Which Stealth Fighter Wins in a Shootout?

Panos - Jan 17, 2019

The U.S. Air Force’s original plan was for the F-22 to be its high-end air superiority fighter while the F-35…

Leave a Comment

Your email address will not be published.