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However, several countries experienced significant declines, with Greece leading the list down by 16%, followed by Estonia, Latvia, Spain, and Sweden.

Greek long term unemployment was only surpassed by Bosnia Herzegovina (9.6%). Spain was the 3rd worse with 4.3%

According to Eurostat, the average adjusted annual salary in Greece stands at €17,000, with Hungary close behind at €16,900. The only country faring worse is Bulgaria, where the figure is €13,500.

Among young people aged 15-24, unemployment fell notably to 16.3% from 23.1% in Sept. 2023. For those aged 25-74, the rate declined to 9% from 10%.

In Europe’s common monetary bloc, the Eurozone, the consumer price index settled at 2% from 1.7% the previous month

According to Eurostat, Greece posted the highest annual change in prices for the month of September with 1.7%, followed by Portugal and Italy with 1.2%.

The figures revealed that Greeks were in the top 3 of EU member states, as they tend to “spread their wings” at an average age of 30.6, while Croatians and Slovakians were the latest leavers from home, at 31.8 and 31, respectively.

The annual inflation rate for the European Union was 2.4% in August 2024, down from 2.8% in July, while a year earlier, it stood at 5.9%.

In Greece, travel revenues saw a notable increase in the first half of 2024 (Jan – June) underscoring the robust performance of the country’s tourism sector. 

Marginally up from 3.0% in July 2023, exceeds Euro Area average of 2.2%

This puts Greece among the most costly countries in Europe for alcoholic beverages placing it 3rd out of the 27 EU states, with prices reaching 51% above the average.

Greece is among the EU member-states that spent the most on fire protection services in 2023

The European Union’s (EU) annual inflation rate was 2.8% in July, compared to 2.6% in June, compared to last year when it stood at 6.1%.

The negative development prompted the relevant development minister to meet with supermarkets' representatives to hammer out a plan to contain rising food prices

In 2023, nearly 39.4% of non-nationals working in the EU were over-qualified for their jobs, nearly double the percentage of EU nationals.

It ranked 8th regarding short-stay accommodations booked via online platforms - Airbnb, Booking, Expedia Group, or TripAdvisor

The report indicates a steady increase in the expected duration of working life across the EU since 2013, rising from 34.7 years to 36.9 years in 2023

Greece's growth in short-term bookings in Q4 2023 on platforms like Airbnb outpaced the EU average, recording a 28.7% increase compared to Q4 2022, higher than the EU's average growth of 22.7%

At the same time, the formerly bailed east Mediterranean country records the biggest decrease in debt-to-GDP, on a quarterly basis

Final figures on inflation for Greece came in slightly worse than the preliminary figure of 2.4%, released by ELSTAT at the start of July