The Greek statistics authority ELSTAT has announced that its first estimation of the Gross Domestic Product for 2013 was 181.1 billion euros, compared to the 193.3 billion euros in 2012, marking a 5.8% drop.
According to ELSTAT, a second estimation for the GDP in 2013 will follow in October, in order to reflect the completion of the ongoing statistical revision of annual national accounts.
The statistics authority attributed the 5.8% GDP drop in the 6.1% reduction of the gross added value, the 3.5% reduction of product taxes, the 1% increase in subsidies, the 7.4% drop in consumer expenses and more.
Overall, the fixed value of the GDP in 2013 was 161 billion euros, compared to 167.4 billion euros in 2012, reduced by about 3.9%.
