The Hellenic Statistical Authority (HAS) released new figures on Wednesday showing a 1.9% growth for the Greek economy.
According to HAS, Greek GDP rose 0.8% in the second quarter compared with the first quarter of 2019. GDP was up 1.3% in the first quarter on a year-on-year basis. The Greek budget envisages a growth rate of 2.3% this year.
Final consumption spending rose 0.7% compared with the first quarter of 2019, gross fixed capital investments rose 2.4%, exports of goods and services rose 3.3% (exports of goods rose 4.2%and exports of services grew 2.8%). Imports of goods and services fell 0.8% compared with the first quarter of the year (imports of goods fell 0.9% and imports of services rose 1.2%).
On an annual basis, final consumption spending grew 1.2% compared with the second quarter of 2018, gross fixed capital investments fell 5.8%, exports of goods and services rose 5.4% (exports of goods rose 4.0% and exports of services increased 6.9%). Imports of goods and services rose 3.7% (imports of goods rose 3.9% and imports of services rose 2.8%).
