Eurostat

Greece recorded a higher inflation rate than the EU average, ranking tenth among the countries with the highest inflation rates, for this year.

The data from Eurostat contradicts the political narrative in Greece, which presents an image of financial recovery and inclusive economic growth.

Messina in Italy retained its position as the EU's busiest passenger port, with 11.3 million passengers, followed by Reggio di Calabria in Italy with 11.1 million and Piraeus in Greece with 9.6 million.

A year earlier, in November 2023, inflation in Greece was recorded at 2.9%.

In Greece, approximately 25% of women reported experiencing physical or sexual gender-based violence by a non-partner.

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 recorded the second largest reduction on a year-to-year (YTY) basis at -8.9 pp

This subsequent debt repayment is expected to be completed by Sept. 2025, with an amount of at least 5 billion euros.

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. 

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 recorded a much lower satisfaction rate of 7.3, surpassing only Bulgaria (6.0) and Croatia (7.2).

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

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