![1 in 5 Greek companies makes more than 1% of its online turnover](https://www.ot.gr/wp-content/uploads/2021/05/onlineshoping.jpg)
Online sales have become an integral part of the business of Greek companies as well, with e-commerce steadily gaining ground. Greece, in fact, as reported by the Labor Inspectorate Bureau, is far from lagging behind the European performance in online sales by companies.
Greece is above the European average, in the percentage of companies that make more than 1% of their turnover electronically. To be precise, our country is above the European average in terms of the percentage of companies, whose at least 1% of the total turnover comes from an online channel. In 2021, 20% of companies in Greece, ie one in five companies, made at least 1% of their sales online.
Just two years earlier, in 2019, the percentage of Greek companies, which made more than 1% of their total online turnover just reached 9%. The over-doubling of this percentage – from 9% in 2019 to 20% in 2021 – proves in practice that the pandemic acted as a digital accelerator for business in Greece.
In the European Union, the corresponding average of companies, which make at least 1% of their online sales, for 2021 was slightly lower than Greece and specifically at 19%. In 2020 this percentage was 18%, in 2019 and 2018% it reached 17%, while in 2012 it barely reached 14%.
Denmark is the champion
According to data released by Eurostat, the steady growth of e-commerce sales across Europe was boosted by the pandemic and travel restrictions. The same data show that Denmark is the country with the highest percentage of companies that make online sales (at least 1% of their total turnover) with 38%.
Ireland and Sweden are in second place, with 34% of Irish and Swedish companies making more than 1% of total online turnover in 2021.
Lithuania, Belgium and Croatia follow in the same list with 32%, 31% and 30% respectively. At the other end of the scale are Luxembourg and Bulgaria, where only 9% and 10% of companies, respectively, made in 2021 more than 1% of their total turnover through digital channels.
Belgium and Finland recorded the largest increase in online sales in 2021 (online sales of at least 1% of their total turnover) in 2021, up 5 percentage points to 31% and 24% respectively. By contrast, Romania and the Czech Republic saw the largest decline in relative percentages in 2021.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Critical Week for Greece-Cyprus Cable](https://www.ot.gr/wp-content/uploads/2024/07/kalodio_elladas_cyprus_israil.jpeg)
Critical Week for Greece-Cyprus Cable
The study concluded that the social benefits of the interconnection, totaling 8 billion euros, far outweigh its 1.9 billion euros construction cost, resulting in a net social benefit exceeding 6 billion euros.
![Roberta Metsola Re-elected President of European Parliament](https://www.ot.gr/wp-content/uploads/2024/07/2024-07-16T110250Z_1107936467_RC2BW8AZP0U4_RTRMADP_5_EU-PARLIAMENT-2048x1366-1-600x400.jpg)
Roberta Metsola Re-elected President of European Parliament
Her second term will be for a period of two and a half years
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight