Tag: economic conditions

Greece's Tourism Revenues Decline 1.8% Despite Increase in Arrivals

Tourism revenues in Greece dropped 1.8% in August 2024, despite a 6.6% increase in visitor arrivals, according to the Bank of Greece. This marks the second consecutive month of decline, raising industry concerns. Contributing factors include reduced tourist spending on non-hotel expenses, the rise of short-term rentals like Airbnbs, and higher airfare prices. As September approaches, stakeholders are monitoring the situation for signs of recovery.

Greece's Working Life Duration Among the Shortest in EU: Eurostat Report

In 2023, Greece recorded one of the shortest average working life durations in the European Union, with significant gender disparities. Greek women had an average working life of 30.6 years, well below the EU average of 34.7 years. This contrasts sharply with countries like Sweden and the Netherlands, which lead the EU with the longest working lives.

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