GDP

According to Eurostat’s figures, Greece’s fiscal deficit during 2013 was 12.7% GDP, while the European statistics authority estimated that the public debt...

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...

The Ernst & Young rating agency has issued a study, according to which any discussion about the recovery of the Greek economy is “premature”, since...

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...

Four years after the country received its first bailout, Greece has managed to achieve a primary surplus, which according to the Eurostat is expected to exceed 4.2 billion euros. In light of the upcoming local government and European elections, the developments in the Greek economy are going to be intense. The next steps for the […]

The Greek statistics authority ELSTAT published its latest data set today, according to which the rate of recession in the final trimester of 2013 was 3.7%, significantly less than what the troika had previously estimated. The rate of recession in the first trimester of 2013 was 5.5%, which dropped to 3.7% in the second trimester […]

SYRIZA MP Giorgos Stathakis spoke at Thursday evening discussion on the challenges of the production sector’s recovery and stated that Greek “suffers from low taxes”, meaning the deficit regarding tax revenue as a GDP percentage, when compared to EU divs. Mr. Stathakis explained that tax revenue is just 38% of GDP, when the EU average […]

The Organization for Economic Co-operation and Development (OECD) has admitted that it was excessively optimistic and made some mistakes in the estimations of the GDP progress of its member states. In a “post mortem” report that was presented at the LSE in London on Tuesday, the OECD sought to examine its forecasts during and after […]