The Greek economy grew at a rate of 2.1% during the first quarter of 2024 compared to the same period in 2023, according to data released by ELSTAT.
Detailed Analysis:
Seasonally Adjusted Data:
– GDP increased by 0.7% in Q1 2024 compared to Q4 2023.
– Year-on-year, GDP rose by 2.1% compared to Q1 2023.
Non-Seasonally Adjusted Data:
– GDP saw a 1.9% increase in Q1 2024 compared to Q1 2023.
Changes in Key Macroeconomic Parameters (Seasonally Adjusted):
Quarterly Changes:
Total final consumer spending: Up by 0.2% from Q4 2023.
Gross fixed capital investment: Increased by 7.1% from Q4 2023.
Exports of goods and services: Decreased by 2.4% from Q4 2023.
Exports of goods: Down by 2.7%.
Exports of services: Up by 0.5%.
Imports of goods and services:** Decreased by 0.6% from Q4 2023.
Imports of goods: Down by 1.7%.
Imports of services: Up by 2.1%.
Annual Changes:
Total final consumption expenditure:** Increased by 1.1% compared to Q1 2023.
Gross fixed capital investments:** Up by 2.9% compared to Q1 2023.
Exports of goods and services:** Decreased by 5.7% compared to Q1 2023.
Exports of goods: Down by 8.8%.
Exports of services: Up by 1.5%.
Imports of goods and services:** Increased by 3.1% compared to Q1 2023.
Imports of goods: Up by 2.5%.
Imports of services: Up by 4.8%.
These figures reflect the overall economic performance and changes in key economic indicators in Greece during the first quarter of 2024.