Greek Households’ Available Income up 3.8% in 2019

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.


ATHENS - Already struggling with inflation and costs soaring in the aftermath of deadly floods that wiped out much of the country’s agricultural heartland in Thessaly, residents in Greece are also seeing the prices soar for the famed Feta cheese.

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