Hellenic Statistical Authority

Vacations are a midsummer night's dream this year for a large portion of Greeks, as the high prices of services and holiday packages make it prohibitive for some to plan leisure trips even to nearby and relatively cheaper destinations. Costs remain high for Greek households, many of whom are cutting back on spending, not only on vacations and travel, but also on essentials like food.

Annual inflation was 2.3% in June, according to data released today, Tuesday 9/7 by ELSTAT, recording a further slowdown for another month.

The Greek labor market is showing an explosive mixture of relatively high unemployment - which despite the increase in employment remains significantly above 10% - and thousands of vacant positions.

What does ELSTAT data show

An increase of 1.5% was recorded in the turnover of all enterprises and activities of the economy in the first quarter of 2024, amounting to 100.81 billion euros, compared to €99.27 billion in the first quarter of 2023, the Hellenic Statistical Authority (ELSTAT) said in a report on Tuesday.

The energy upgrade of the existing building stock - especially residential buildings, with 90% of them having been built before 2000 - will be a particularly difficult challenge given the insulation specifications and heating systems.

Greece's unemployment rate stood at 10.2% in March 2024, down from the upwardly revised figure of 11.4% in March 2023 and the downwardly revised figure of 10.8% in February 2024, the Hellenic Statistical Authority (ELSTAT) said on Thursday.

The national inflation rate in Greece amounted to 3.2% in March climbing from 2.9% in February, the Hellenic Statistical Authority (ELSTAT) reported on Wednesday.

ELSTAT's data confirm the rising inflation picture shown by Eurostat's statistics, according to which European Union-harmonized inflation rose in Greece to 3.4% in March, from 3.1% in February.

The aggregated data from the Bank of Greece and the Hellenic Statistical Authority

A new economic reality has emerged in the Greek housing market amid the prolonged financial crisis, with a notable portion of the nation's residential inventory now under the ownership of institutional or foreign investors. This trend is underscored by statistical data, revealing an 11.3% decline in homeownership rates from 2005 to 2021.