Turnover increase of 33.5% in the first quarter (on an annual basis) for companies in the sectors that were ‘closed’ due to Covid

For all businesses and activities of the economy, which were suspended by state order in March 2020, due to the pandemic of the coronavirus disease 2019 (COVID-19), the turnover in the first quarter of 2022 amounted to 88,283,509 thousand euros, recording an increase of 33.5% compared to the first quarter of 2021, which had amounted to 66,112,030 thousand euros.

The largest increase in turnover in the first quarter 2022 compared to the first quarter of 2021 was presented by companies in the Arts, Entertainment and Entertainment sector by 315.1%, while the smallest increase in turnover in the first quarter 2022 compared to the first quarter 2021 presented the companies in the Information and Communication sector, by 5.3%.

The number of companies suspended in March 2020, based on the new identification framework amounted to 223,371 companies, which corresponds to 15.7% of all companies in the Greek Economy.

The largest percentage of companies in suspension was recorded in the sector Education (91.7%) and then in the sector Activities of Accommodation Services and Catering Services (88.3%). The corresponding lower percentages were recorded in the sector Professional, Scientific and Technical Activities (0.2%) and in the Information and Communication sector (1.1%). In the following sectors of economic activity there are no companies in mandatory suspension:

• Agriculture, Forestry and Fisheries
• Mines and Quarries
• Processing
• Electricity, Gas, Steam and Air Conditioning
• Water Supply, Sewage Treatment, Waste Management and Remediation Activities • Constructions
• Transport and Storage
• Financial and Insurance Activities
• Real estate management
• Public Administration and Defense, Compulsory Social Security.

For all businesses in the economy with the obligation to keep bibliographic books, for which data are available on a monthly basis, the turnover in March 2022 amounted to 28,419,568 thousand euros, an increase of 41.0% compared to March 2021 , which had amounted to 20,153,060 thousand euros. The largest increase in turnover in March 2022 compared to March 2021 was presented by the companies in the sector of Arts, Entertainment and Recreation by 376.5%, while the smallest increase was recorded by the companies in the sector Activities related to Human Health and Social Welfare , by 0.1%.

For the 223,371 companies that were put into operation in March 2020, the turnover in the first quarter of 2022 amounted to 5,305,441 thousand euros, recording an increase of 83.2% compared to the first quarter of 2021, which had reached 2,895,763 thousand euros. The largest increase in turnover in the first quarter of 2022 compared to the first quarter of 2021 was presented by companies in the production of film, video and television programs, recordings and music publications, by 876.5%. The smallest increase in turnover in the first quarter of 2022 compared to the first quarter of 2021 was presented by the companies in the sector Rental and leasing activities, by 18.4%, while a decrease was recorded by the companies in the sector Architectural and engineering activities; technical tests and analyzes , by 1.8%.

For the companies that were put into operation in March 2020 with the obligation to keep bibliographic books, for which data are available on a monthly basis, the turnover in March 2022 amounted to 1,187,622 thousand euros, recording an increase of 131.2% compared to with March 2021, which had risen to 513,733 thousand euros. The largest increase in turnover in March 2022 compared to March 2021 was presented by companies in the production of film, video and television programs, recordings and music publications by 1,752.5%. The smallest increase in turnover in March 2022 compared to March 2021 was presented by the companies in the sector Rental and leasing activities, by 18.6%, while the largest decrease was recorded by the companies in the sector Architectural and engineering activities; technical tests and analyzes , by 9.6%.