The Greek Economy
During 2019, the GDP growth continued at the same pace as the previous year (+1.9%). Apart from that, an increase in exports and a fall both in unemployment and inflation were also achieved, as shown at the following table:
Major Economic Indicators
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
|
|
GDP (Constant prices 2010) |
0.7% |
-0.4% |
-0.2% |
+1.5% |
+1.9% |
+1.9% |
|
Inflation: Annual Average |
-1.3% |
-1.7% |
-0.8% |
1.1% |
0.6% |
0.3% |
|
Labour Productivity (EU-28=100)** |
86.4 |
83.5 |
81.4 |
80.3 |
80.2 |
n.a. |
|
Unemployment Rate |
26.5% |
24.9% |
23.5% |
21.5% |
19.3% |
17.3% |
|
Public Investments (%GDP)** |
3.7% |
3.8% |
3.5% |
4.4% |
3.0% |
n.a. |
|
Exports (Goods – Current Prices)* |
27.1 |
25.8 |
25.5 |
28.9 |
33.5 |
33.8 |
|
Imports (Goods – Current Prices)* |
48.3 |
43.6 |
44.2 |
47.3 |
54.1 |
55.5 |
*billion Euros
** Source: Eurostat
Source: Hellenic Statistical Authority
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