Greece’s GDP grew by 13.4% in the third quarter of 2021 on an annual basis, according to Eurostat data. By comparison, Portugal’s GDP grew by 4.2%. The respective percentages for Italy, Eurozone, France and Spain are 3.9%, 3.9%, 3.3% and 2.7%.
At the same time, at the level of nine months 2021, the GDP of Greece recorded an increase of 9.3% on an annual basis. In comparison, the GDPs of France, Italy, the Eurozone, Spain and Portugal increased by 7.9%, 6.8%, 5.7%, 5.3% and 4.9% respectively.
Commenting on Eurostat data, the Minister of Finance, Christos Staikouras stated:
“Today, Eurostat released the updated, provisional data for the GDP of the countries of the Eurozone and the European Union, for the 3rd quarter of 2021.
According to them, Greece presented the best performance in the Eurozone at the level of 3 months, and the second best at the level of 9 months, on an annual basis.
Specifically, the Greek economy grew in the 3rd quarter of 2021, by 13.4% on an annual basis, with the result that the growth rate for the 9 months exceeded 9.3%.
During the same period, the eurozone average was much lower, at 3.9% in the third quarter and at 5.7% in the 9 months of 2021.
Greece, therefore, shows much better recovery performance of its economy.
In fact, the GDP of our country, in the 3rd quarter, amounted to 46.4 billion euros, which is the highest domestic performance in the last decade.
It is also reminded that, according to the recent Autumn Forecasts of the European Commission, our country is developing sustainably, investments and exports are significantly increased, unemployment is shrinking, public finances are managed responsibly.
Specifically, our country is estimated to show double-digit increase in investment in 2021 and 2022, the second highest in Europe.
At the same time, it is projected to show the highest growth rate of exports, in 2021, 2022 and 2023, across Europe.
Therefore, despite the prolonged uncertainty and the new challenges, the Greek economy has shown resilience and dynamism.
“The Greek government will continue to implement policies so that the country emerges from successive, external crises, economically even more resilient, nationally even stronger, and socially even more just.”
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Source From: Capital
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