Greek economy grew by 2.2% during Q3 2018 year-on-year

The Greek economy grew by 2.2 pct in the third quarter of 2018, extending its growth course for the sixth successive quarter, Hellenic Statistical Authority said on Tuesday, according to ANA.

The statistics service, in a report, attributed the 2.2 pct growth of the country’s Gross Domestic Product (GDP), compared with the same period last year, to a 0.3 pct drop in total final consumption spending (private consumption grew 0.7 pct and general government consumption fell 4.1 pct), a 23.2 pct drop in private investments (gross fixed capital formation), a 7.6 pct increase in exports of goods and services (exports of goods rose 7.9 pct and exports of services rose 8.0 pct) and a 15 pct rise in imports of goods and services (imports of goods rose 15 pct and imports of services rose 16 pct).

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinations Greek travel marketGreek tourism statisticsGreek tourism report

Photo Source: flickr.com Copyright: tilemahos efthymiadis License: CC-BY-SA 

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