x

Economy

Greek Households’ Available Income up 3.8% in 2019

October 29, 2020

ATHENS — Greek households' available income grew by 4.5 billion euros or 3.8 pct in 2019, compared with 2018, Hellenic Statistical Authority said on Thursday. In a report, the statistics service said that final consumption spending rose 2.6 billion euros or by 2.1 pct in 2019, while the savings rate (gross saving/gross available income) rising to -3.5 pct in 2019 from -5.2 pct in 2018.

The investment rate by non financial companies (gross fixed capital formation/gross added value) was 17.1 pct in 2019 from 16.8 pct in 2018. The external balance of goods and services recorded a deficit of 3.0 billion euros in 2019, down from a shortfall of 3.8 billion in 2018. Imports grew by 2.8 billion euros and export rose by 3.5 billion euros. The economy recorded a net borrowing of -1.6 billion euros in 2019 after a -4.3 billion euros in 2018.

RELATED

ATHENS - Tax revenues in the period January - July 2022 significantly exceeded the target, according to the provisional data on the execution of the state budget announced οn Tuesday by the Finance Ministry.

Top Stories

Columnists

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.

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.