Greek economy grew 8.3% in 2021
- Written by E.Tsiliopoulos
The Greek economy grew by 8.3% in 2021 with the country's Gross Domestic Product rising to 181 billion euros from 167.1 billion in 2020, Hellenic Statistical Authority said on Friday. More specifically, the Greek GDP grew by 7.7% in the fourth quarter of 2021 compared with the same period in 2020 and grew by 0.4% in comparison with the third quarter of the year.
On an annual basis, GDP growth reflected an 8.8% increase in final consumption spending (household spending up 9.7% while general government spending eased 0.8%), private investments (gross fixed capital investments) jumped 24.1%, exports of goods and services rose 24.1% (goods up 4.1%, services up 63.2%) and imports rose 33.2% (goods up 29.8% and services up 43.4%).
On a quarterly basis, GDP growth reflected an 1.9% increase in final consumption spending (household up 2% and government down 2.3%), private investments rose 1.8%, exports of goods and services rose 7.3% and imports were up 5.8%.
Related items
- Kosmos leader slams government inaction against climate change
- Greek police arrest 28 after Law School occupation, including 9 foreign nationals
- Syracuse exhibition on Mycenaean influence on Sicily includes golden cup of Dendra
- Top honors for Greece and Santorini at the American Leisure Lifestyle Awards 2024
- 556 firefighters from 12 countries will be prepositioned across key locations in Greece, France and Spain
Latest from E.Tsiliopoulos
- Turkish crime kingpin arrested in Athens
- Kosmos leader slams government inaction against climate change
- Greek police arrest 28 after Law School occupation, including 9 foreign nationals
- Syracuse exhibition on Mycenaean influence on Sicily includes golden cup of Dendra
- Top honors for Greece and Santorini at the American Leisure Lifestyle Awards 2024