According to data published by the Hellenic Statistical Authority (ELSTAT), Greece’s GDP recorded 2.3% increase in the first quarter of 2018. According to the data, this growth of Greece’s economy is mainly due to the increase in exports, in conjunction with a decrease in imports.

More specifically, the total final consumption expenditure in the first quarter of 2018 dropped by 0.3% compared to the same period last year, while private investments dropped by 10.4%. Exports of goods and services increased by 7.6%, while the respective imports dropped by 2.8%. It is also noted that ELSTAT kept the 1.4% increase of GDP for 2017 unaltered.

 

Translation: Eleni Gogou