GDP growth rate of Q1 2019 highest since Q1 2012 in absolute numbers

The annual GDP growth rate of the first quarter – calculated at 1.3 pct by the Hellenic Statistical Authority (ELSTAT) – confirms that the Greek economy’s revival continues for the 9th consecutive quarter, the Finance Ministry said on Tuesday.

“This growth is wide-based and is a result of the main GDP factors, like the consumer spending of households (up by 0.8 pct), investments (up by 7.9 pct) and exports of goods and services (up by 4 pct.),” it said.

“In absolute numbers, the GDP for the first quarter of 2019 (47.94 billion euros) is the highest since the first quarter of 2012,” it noted.