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Athens Macedonian News Agency: News in English, 16-10-14
CONTENTS
[01] Greek GDP shrank 1.3 pct in 2015
[01] Greek GDP shrank 1.3 pct in 2015
Greek GDP contracted by 1.3 pct in current prices in 2015, surpassing an
initial estimate for a 0.9 pct contraction, although GDP shrank by 0.2
pct in volume, unchanged from an initial estimate, Hellenic Statistical
Authority said on Friday.
The statistics service, attributed this downward revision in the annual
GDP rate in current prices mainly to the integration of the results of
a Family Budgets Report for 2015 and figures of the development of sea
transport and the import of vessels. Based on annual national accounts,
the 1.3 pct fall in GDP was attributed to an 1.9 pct fall in final
consumption spending in current prices (from a 0.9 pct decline initially
estimated in March), as household consumption fell 1.8 pct and general
government consumption fell 2.2 pct.
Import of goods and services dropped 10.2 pct in 2015, from a 14.8 pct
initial estimate. Exports of goods and services fell 3.0 pct from an
initial estimate for an 8.7 pct decline
Private investments fell 1.6 pct in 2015. This year's budget envisages
a 0.3 pct contraction of GDP and a 2.7 pct growth rate for 2017.
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