Arts, Entertainment and Recreation enterprises recorded the biggest increase in turnover in the first quarter 2022
Arts, Entertainment and Recreation enterprises recorded the biggest increase in turnover in the first quarter 2022
  Data

Arts, Entertainment and Recreation enterprises recorded the biggest increase in turnover in the first quarter 2022

The Hellenic Statistical Authority (ELSTAT) announced data on the evolution of turnover of the enterprises that were under suspension of operation in March 2020.
RE+D magazine
17.05.2022

According to ELSTAT enterprises' turnover in the first quarter 2022 amounted to 88,283,509 thousand euro, recording an increase of 33.5% in comparison with the first quarter 2021.

The number of enterprises under suspension of operation in March 2020, according to the updated determination framework1 amounted to 223,371 enterprises, which corresponds to 15.7% of the Total of Enterprises in the Greek Economy. 

The biggest percentage of the enterprises under suspension was recorded in section Education (91.7%) followed by section of Accommodation and Food Service Activities (88.3%). 

The corresponding smallest percentages were recorded in section Professional, Scientific and Technical Activities (0.2%) and in section Information and Communication (1.1%).

In the following sections of economic activity there are no enterprises under obligatory suspension of operation: 

  • Agriculture, Forestry and Fishing 
  • Mining and Quarrying
  • Manufacturing
  • Electricity, Gas, Steam and Air Conditioning Supply
  • Water Supply, Sewerage, Waste Management and Remediation Activities
  • Construction
  • Transportation and Storage 
  • Financial and Insurance Activities 
  • Real Estate Activities
  • Public Administration and Defense; Compulsory Social Security

Concerning the enterprises and the activities of the economy as a whole, the turnover in the first quarter 2022 amounted to 88,283,509 thousand euro, recording an increase of 33.5% in comparison with the first quarter 2021, when the respective turnover was 66,112,030 thousand euro.

The biggest increase in turnover in the first quarter 2022 compared with the first quarter 2021 was recorded from the enterprises of the section Arts, Entertainment and Recreation, per 315.1%, while the smallest increase in turnover per 5.3% was recorded from the enterprises of the section Information and Communication.

From the 223,371 enterprises that were under suspension of operation in March 2021, the turnover in the first quarter 2022 amounted to 5,305,441 thousand euro, recording an increase of 83.2% in comparison with the first quarter 2021, when the respective turnover was 2,895,763 thousand euro.

The biggest increase in turnover in the first quarter 2022 compared with the first quarter 2021 was recorded from the enterprises of the activity class Motion picture, video and television program production, sound recording and music publishing activities per 876.5%. 

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