Tag: Hellenic Statistical Authority

Greek Students Face Uphill Struggle for Affordable Housing

As Greek students gear up for the new academic year, they face a daunting housing crisis. Skyrocketing rents, up 11.3% in a year, and a severe shortage of affordable homes have turned the search for student accommodation into a costly struggle. In Athens’ Zografou, a 50-square-meter apartment costs at least €550 monthly, while in Patras, similar units fetch €550 or more. With limited supply and wages failing to keep pace, families are pushed to their financial limits, prompting urgent calls for government action to build dormitories and offer rental relief.

Greek Museums and Archaeological Sites Report Rise in Revenue, Despite Mixed Visitor Trends in 2024

Greece’s museums and archaeological sites reported strong revenue growth in 2024, despite mixed visitor trends, according to new data from ELSTAT. Museum receipts surged by over 22% for the year, while archaeological site revenues also climbed, highlighting the continued appeal of the country’s rich cultural heritage.

Greece Sees Growth in Tourism with Over 1 Million Arrivals in November 2024

Greece saw a rise in tourism in November 2024, with over 1 million arrivals and 2.2 million nights spent, marking year-on-year growth. Non-resident visitors led the increase, while residents accounted for the majority of arrivals. The average stay was 2.2 days, showcasing Greece’s appeal as a year-round destination.

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Santorini Leads Cycladic Islands with €376 Million in Q3 Accommodation and Catering Revenue

Santorini outshined other Cycladic islands by generating €376 million in accommodation and catering revenue during Q3, despite a 9% decline from the previous year. Mykonos followed closely with over €309 million, while Milos and Paros reported notable increases. Nationally, the accommodation sector saw a 6.9% growth

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Greek GDP Grows 2.1% in Q1 2024

Greece’s GDP rose by 2.1% in the first quarter of 2024 compared to the same period in 2023, reaching €56.637 billion, according to the Hellenic Statistical Authority. Key factors include a 2.2% increase in household consumption, a 2.9% rise in private investment, and a mixed performance in exports and imports.

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