Greek Enterprises Suffered €41.6B Loss in Their 2020 Turnover

February 17, 2021

ΑΤΗΕΝS — Greek enterprises suffered a 41.6 billion euros loss in their turnover due to the pandemic crisis in 2020, compared with 2019, while enterprises whose operation was suspended in March lost around 10.8 billion euros, Hellenic Statistical Authority said on Wednesday.

More specifically, accumulated turnover by enterprises and activities in the Greek economy totaled 266.083 billion euros in 2020, down 13.5 pct from 2019 (307.704 billion). The biggest percentage drops in turnover were recorded in the hospitality/restaurant sector (-53.4 pct), while water-waste management recorded the smallest decline (-2.4 pct). On the other hand, enterprises in the agriculture-forestry-fishery sector saw their turnover rise by 3.1 pct in 2020.

In the fourth quarter of 2020, accumulated turnover totaled 72.243 billion euros, down 8.6 pct from the corresponding period in 2019 (79.017 billion). The hospitality/restaurant sector recorded the biggest percentage decline in turnover (-47.9 pct), while financial-insurance activities the smallest decline (-0.4 pct). On the other hand, enterprises in the health and social care sector recorded a 7.1 pct increase in turnover.

A total of 205,984 enterprises had their operation suspended in March 2020. Their turnover in 2020 totaled 18.789 billion euros, down 36.4 pct from 2019 (29.564 billion). The hospitality sector recorded the biggest percentage decline (-67.5 pct), while social care the smallest decline (-6.9 pct).



ATHENS - "As we are entering the holiday season, I wanted to give you a brief update on the performance of the economy, where we have good news and less good news.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Mission…To Tunisia Part 2 – A TNH Documentary by Clelia Charissis (Video)

The coveted exotic beauty of Tunisia is revealed by the 2nd episode of our Mission…To Tunisia – A TNH Documentary.

AL WAKRAH — Croatia goalkeeper Dominik Livakovic saved three penalty kicks in his team's 3-1 win over Japan in a shootout at the World Cup on Monday, securing a return to the quarterfinals for the runner-up in the 2018 tournament.

NICE — French writer Dominique Lapierre, who was celebrated for his novels about the World War II struggle to liberate Paris and depicting a life of hardship in a Kolkata slum, has died.

MOMBASA — Scientists around the world are warning governments who will be gathering in Montreal this week for the United Nations biodiversity summit to not repeat past mistakes and are urging officials to “avoid trade-offs” between people and conservation needs in a report Monday.

TRIPOLIS - Over 200 projects are included in the Comprehensive Development Plan for the Region of the Peloponnese for 2030, totalling 5.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.