Greek gross domestic product up 2,1% in the first quarter of 2024
Greek gross domestic product up 2,1% in the first quarter of 2024
  Economy  |  Greece

Greek gross domestic product up 2,1% in the first quarter of 2024

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RE+D magazine
07.06.2024

The Hellenic Statistical Authority (ELSTAT) announced the Gross Domestic Product (GDP) for the 1 stquarter of 2024 (provisional data).

The available seasonally adjusted data1 indicate that in the 1 st quarter of 2024 the Gross Domestic Product (GDP) in volume terms increased by 0.7% in comparison with the 4 th quarter of 2023, while in comparison with the 1 st quarter of 2023, it increased by 2.1%.

The available non-seasonally adjusted data indicate that in the 1 st quarter of 2024 the Gross Domestic Product (GDP) in volume2 terms increased by 1.9% in comparison with the 1 st quarter of 2023.

Growth rates of major macroeconomic aggregates based on seasonally adjusted data in volume terms are as follows: 

Quarter on quarter growth rates

Total final consumption expenditure increased by 0.2% in comparison with the 4 th quarter of 2023.

Gross fixed capital formation (GFCF) increased by 7.1% in comparison with the 4 th quarter of 2023.

Exports of goods and services decreased by 2.4% in comparison with the 4 th quarter of 2023. Exports of goods decreased by 2.7% while exports of services increased by 0.5%.

Imports of goods and services decreased by 0.6% in comparison with the 4 th quarter of 2023. Imports of goods decreased by 1.7%, while imports of services increased by 2.1%.

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