Convergence with the EU will require faster growth

Greece's economic performance has topped several categories in the European Union in 2019-2023, but the convergence with the European average will require an even faster pace of growth than that recorded in the last five years, Eurostat data showed on Tuesday.

The analysis shows that the distance separating Greece from the European performance in key indicators remains large and the Greek economy will need to grow faster or wait another three decades to converge with the EU average.

As pointed out by the Ministry of National Economy and Finance, the real per capita income in Greece increased between 2019 and 2023 by 7.7%, which is more than double the EU average (3.3%) and over three times that of the eurozone (2.3%).

However, Greece's gross domestic product per capita, according to Eurostat, was at 67% of the EU last year. For Greece to reach the EU average,...