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).



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