OECD

Regarding the country’s unemployment growth the report mentions that it is expected to slow down due to rising labor costs.

At the same time, Greece's GDP index for the second quarter of 2024, based on OECD data, was only 85.07 points, placing the country again at the bottom.

Greece scores below the OECD average in at least one subcategory for each component, including income inequality, crowded housing, gender wage gap, overtime work,

The data revealed the job rate settled at 63.9%, compared to 62.7% in the first quarter and 57.3% in 2021

Greece has the greatest degree of social inequality in relation to unmet health needs among 26 OECD countries.

According to the OECD, Greece experienced the sharpest decline in real per capita household income, which fell by 1.9%, despite a 0.9% increase in real per capita GDP.

By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019

Europe’s immediate neighborhood of the Western Balkans is facing symptoms of deterioration such as a worsening situation regarding the rule of law, rise of nationalist forces challenging international treaties and a deterioration of good neighborly relations with the European Union and its members. Political dynamics cast a shadow over the region’s economies, slowing down any […]

A couple with children experience negative savings, averaging -€2,159 annually.

The international organization calculates an average of 6.7 billion USD in Greece over the 2021-2023 period, up from 4.15 billion USD in 2017-2019

However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.

Basic food costs and other staple products like bottled water, soft drinks, and fruit juices witnessed an increase of 13.8%, and fruits were up by 12.3%

The figures indicated that the estimated savings as a percentage of disposable income for Greeks dipped from -4.9% in 2021 to -11.3% in 2022, compelling Greeks to tap into their income to make ends meet

The Greek economy is forecast to grow by 2.4 percent this year and 2 percent in 2024, before again rising again to 2.4 percent in 2025, the Organisation for Economic Co-operation and Development (OECD) revealed on Wednesday, as part of its survey report The organization said Greece’s strong economic rebound in the post-pandemic period is […]

OECD data ranks Greece 34th out of 35 countries in the comparison of average wages

OECD Chief Economist Clare Lombardelli foresees an easing of inflation near set targets in most countries by the end of next year, while calling on EU monetary policy-makers to carefully consider decisions that don’t jeopardize growth but at the same time restrict rising prices. As per Greece, she reiterated the OECD’s forecast of ‘robust growth’, […]