Greece: Households available income up 10.2% in Q3 2022

Available income for Greek households grew by 3.48 billion euros, or 10.2 percent, in the third quarter of 2022, reaching 37.69 billion euros, up from 34.21 billion the same period in 2021, the country’s statistics authority (EL.STAT) announced on Tuesday.

Specifically, final consumption spending grew by 12.7 percent to 36.7 billion euros, while the savings rate (gross savings/gross available income) fell to 2.6 percent in the third quarter, down from 4.8 percent in the same quarter of 2021.

Private investments (gross fixed capital investments) totaled 3.8 billion euros, while the external balance of goods and services posted a surplus of 1.37 billion euros in the third quarter of 2022, with imports up by 7.84 percent and exports up by 8.18 percent.