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Economy

Greek Economy Grew 7.7% in Q2, ELSTAT Says

September 7, 2022

ATHENS – The Gross Domestic Product (GDP) in the second quarter of 2022 increased by 1.2% in comparison with the first quarter of the year, while in comparison with the second quarter of 2021, it increased by 7.7%, according to the Hellenic Statistical Authority on Wednesday.

Growth rates of major macroeconomic aggregates based on seasonally adjusted data year-on-year are as follows:

– Total final consumption expenditure recorded an increase of 8.1% in comparison with the second quarter of 2021.

– Gross fixed capital formation (GFCF) increased by 8.7% in comparison with the second quarter of 2021.

– Exports of goods and services increased by 20.8% in comparison with the second quarter of 2021.

– Exports of goods increased by 3.3%, and exports of services increased by 47.4%.

– Imports of goods and services increased by 15.5% in comparison with the second quarter of 2021.

– Imports of goods increased by 17.5%, and imports of services increased by 9.3%.

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

– Total final consumption expenditure increased by 1.2% in comparison with the first quarter of 2022.

– Gross fixed capital formation (GFCF) decreased by 1.0% in comparison with the first quarter of 2022.

– Exports of goods and services increased by 2.5% in comparison with the first quarter of 2022.

– Exports of goods increased by 2.4% while exports of services increased by 7.2%.

– Imports of goods and services increased by 5.8% in comparison with the first quarter of 2022.

– Imports of goods increased by 5.6%, while imports of services increased by 7.6%.

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