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  • ELSTAT: GDP reduced by 40 billion euros over the past four years

    According to data published by the Greek statistics authority ELSTAT, between 2010 and 2013 the country’s GDP suffered loses of about 40 billion euros...

    ΤοΒΗΜΑ Team

    According to data published by the Greek statistics authority ELSTAT, between 2010 and 2013 the country’s GDP suffered loses of about 40 billion euros, while the Greek public debt spiked to 318.7 billion euros (175.1% GDP) by the end of 2013.

    The ELSTAT figures show that Greece’s gross domestic product in 2013 was 182.05 billion euros, in 2012 it was 193.34 billion euros, in 2011 208.53 billion euros while in 2010 it was 222.15 billion euros.

    Likewise, the public debt was 318.7 billion euros (175.1% GDP) in 2013, 303.9 billion euros (157.2% GDP) in 2012, 355.1 billion euros (170.3%) in 2011 and 329.5 billion euros (148/3%) in 2010. The PSI swap took place between 2011 and 2012.

    Additionally, ELSTAT documented a 770-million-euro surplus in local government (up from 693 million in2012) and a 4.7 billion euro surplus in insurance funds (compared to a 2.25 billion euro deficit in 2012). The general government’s deficit in 2013 was found to be 2.1% GDP (not including the bank funding), or 12.7% GDP, if the bank support is included.

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