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Economy

Report: Gross Αdded Value of Greek Enterprises Totaled €49.2Β in 2018

September 23, 2020

ATHENS — A total of 709,696 enterprises operated in Greece in the sectors of industry, construction, commerce and services (except for personal services) in 2018, with an accumulated turnover of 256.5 billion euros, while the production value and the gross added value was 158.8 billion and 49.2 billion euros, respectively, the Hellenic Statistical Authority said in a report on Wednesday.

The report said that these enterprises had a workforce of 2.6 million, of which 2.0 million were wage workers. During the same year, these enterprises spent 218.1 billion euros on purchases of goods and services as part of their activities, of which 107.7 billion were purchases of goods and services to be resold in the same condition without any processing. They also invested 6.3 billion euros. The sectors with the biggest numbers were wholesale and retail commerce (227,682 enterprises or 32.1 pct of total), professionals, scientists and technical services (135,562 or 19.1 pct of total), hospitality (107,764 or 15.2 pct). The wholesale and retail commerce sector reported the highest market share in turnover (44.2 pct or 113.4 billion euros), followed by the manufacturing and electricity/natural gas sectors (23.4 pct and 5.9 pct, or 60 billion and 15.1 billion euros, respectively).

The sectors with the biggest gross added value to the Greek economy were wholesale/retail commerce (11.8 billion euros or 24 pct), manufacturing (11.7 billion or 23.7 pct) and transport/logistics (5.7 billion or 11.6 pct). The wholesale/retail commerce sector ranked first in employment with a workforce of 749,823 (28.9 pct), followed by hospitality (600,884 or 23.1 pct) and manufacturing (357,418 or 13.8 pct).

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