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09.03.2017 - 13: 57

Greek Statistics publishes new data on GDP in the year 2016

Elstat Greek Statistical Office on Wednesday for the second time this week released a new preliminary data on the situation of GDP in the year 2016. According to a new report, the GDP in real terms showed a zero change in comparison with the year 2015.

Published the day before data showed that compared to the fourth quarter of 2015, GDP fell by 1,1%, whereas the first assessment of the growth of 0,3% in the fourth quarter, and as a result of 2016 year decline was or 0,05%, instead of on the basis of growth in the year 0,3% compared to the year 2015.

According to new data, "GDP has reached 2016 184,5 billion euros compared with 184,5 2015 billion euros in the year, zero change 0,0% in real terms," ​​according to Elstat reported.

"GDP at market prices in the year amounted to 2016 175,9 billion euros compared to the 175,7 2015 billion euros in the year (an increase of less than 0,1%)", - the report says.

In the new report notes that this is "the first estimate of gross domestic product for the year 2016".

This estimate is calculated from the sum of the respective quarterly results 2016 year, not seasonally adjusted, after inclusion of the data, or monthly (for example, balance of payments data, foreign trade) or quarterly (these works in the services sector, survey data of operating potential and government data) , the document says.

New publication confirms the Government's assessment that the recession has ended, although the growth was almost zero.

Now the Greek government is negotiating with creditors for the purpose of completing the second assessment of the reform program, and one of the key arguments of the Cabinet on the talks was the fact that the Greek economy has returned to growth. Previous publication Elstat has denied these allegations.

New data statistical service are expected in April.

A source: RIA News

Author: Gennady Melnik

Tags: Greece, Economics, Statistics, GDP

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