Greek economy's revival continues for the 9th consecutive quarter

The Greek economy grew by 1.3 pct in the first quarter of 2019, compared with the same period in 2018, with the country’s GDP rising 0.2 pct in comparison with the fourth quarter of 2018, Hellenic Statistical Authority (ELSTAT) said in a report on Tuesday, according to ANA.

The statistics service, in its quarterly report on national accounts, attributed the 1.3 pct rise in the Greek Gross Domestic Product to a 0.1 pct reduction of total final consumption spending (household consumption rose 0.8 pct and general government consumption fell 4.1 pct). Private investments (gross fixed capital investments) rose 7.9 pct, exports of goods services rose 4.0 pct (exports of goods fell 0.7 pct while exports of services rose 8.7 pct). Imports of goods and services rose 9.5 pct (imports of goods rose 9.9 pct while imports of services rose 5.5 pct).

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

Photo Source: flickr  Copyright: tilemahos efthymiadis

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