ELSTAT: Greek GDP up by 2.1 pct in Q3 of 2022

The Gross Domestic Product (GDP) of Greece recorded a 2.1 percent increase in the 3rd Q of 2022, according to the seasonally adjusted data published by the country’s statistical services ELSTAT.

In terms of volume, ELSTAT data indicated a marginal 0.02 percentile upward tick in the 3rd quarter of 2023, in comparison to the previous quarter of the same year.

Some of the figures in key sectors of the Greek economy included quarterly adjustments in macroeconomic indicators:

• Final Expenditure Consumption decreased by 0.5 percent compared to the 2nd quarter of 2023.
• Gross Fixed Capital Formation (GFCF) fell by 1.8 percent compared to the 2nd quarter of 2023.
• Exports of goods and services dropped by 7 percent compared to the 2nd quarter of 2023.
• Goods exports increased by 0.3 percent, while services exports decreased by 0.8 percent.
• Imports of goods and services rose by 2.0 percent compared to the 2nd quarter of 2023.
• Goods imports increased by 3.1 percent, while services imports decreased by 2.1%.

Key indicators of annual changes included:

• A 1.0 percent rise in total consumer expenditure compared to the 3rd quarter of 2022.
• Gross Fixed Capital Formation (GFCF) increased by 4.9 percent compared to the 3rd quarter of 2022.
• Exports of Goods and Services were up by 1.0 percent compared to the 3rd quarter of 2022.
• Goods Exports decreased by 1.1 percent, while services exports increased by 2.9 percent.
• Imports of Goods and Services increased by 2.9% compared to the 3rd quarter of 2022.
• Goods Imports increased by 3.4%, and services imports increased by 0.8 percent.