Households’ available income up 11.3% in Q1 2023

Available income of Greek households and non-profit institutions grew by 3.56 billion euros, or 11.3 percent, in the first quarter of 2023, compared with the corresponding period of 2022

Households’ available income up 11.3% in Q1 2023

Available income of Greek households and non-profit institutions grew by 3.56 billion euros, or 11.3 percent, in the first quarter of 2023, compared with the corresponding period of 2022.

The total sum was calculated at 35.09 billion euros, Hellenic Statistical Authority announced on Tuesday.

Final consumption spending grew by 3.0 billion euros, or 9.1 percent, to reach 35.6 billion euros, whereas the savings rate dropped by -1.4 percent in the first quarter, although improved from -3.4 percent in the same quarter last year.

Private investment (gross fixed capital investments) by non-financial entities reached 3.7 billion euros, whereas gross fixed capital investments/gross added value rate totaled 21.2 percent in the first quarter, up from 19.7 percent in the same quarter of 2022.

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