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Athens Macedonian News Agency: News in English, 14-10-31

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek households' income down by 14 billion euros in 2013

  • [01] Greek households' income down by 14 billion euros in 2013

    ANA-MPA -- Greek households lost 14 billion euros from their available income last year, hit by a 10.7 pct reduction in workers' pay and a 12.3 pct cut in social benefits, Hellenic Statistical Authority said on Friday.

    The statistics service, in a report, said the available income fell to 122.2 billion euros last year, from 136.2 billion euros in 2012, for a decline of 10.2 pct. Greek households' available income fell by 48.4 billion euros in the last five years, from 170.6 billion euros in 2009. Final consumption spending fell by 4.8 billion euros, or 3.6 pct to 129.9 billion at the end of 2013, from 134.7 billion euros a year earlier. The savings rate fell to -6.2 pct in 2013 from 1.1 pct in 2012.

    Private investments (gross investments on fixed capital) totaled 11 billion euros in 2013, down 13.7 pct from the previous year. The statistics service also said that the country's external balance of goods and services showed a shortfall of 5.4 billion euros in 2013, from 8.7 billion euros in 2012.


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