
“Today’s official statistics confirm that Greece succeeded in bringing the fiscal deficit to zero in 2022, even recording a small primary surplus.
We thus achieved, all together, households, businesses, the State and the Government, the largest – pan-European – fiscal improvement, despite the fact that the support measures for society were among the most generous in Europe” says the Minister of Finance Christos Staikouras in a statement, with leading to a primary surplus in 2022.
And the announcement continues:
“In the same year, the GDP of the country increased by 26 billion euros. And public debt fell by 23% of GDP. The Greek economy has turned the page. He returned, powerfully, to the European scene. It is now growing at one of the highest rates in Europe, from tail to performance in the previous four years. Public finances are stabilizing and improving. The productive model of our country is changing, with a significant increase in investments and exports. In short, Greece has charted a new course and is moving on a more hopeful path. We achieve, all together, the promotion of a modern, productive, competitive, extroverted and sustainably growing economy. An economy with household and stable public finances. A resilient and strong economy. A strong and fair Greece. A Greece that exudes self-confidence, reliability and trust”.
Hellenic Statistical Authority-ELSTAT data
Greece achieved a marginal primary surplus of 273 million euros or 0.1% of GDP in 2022, confirming the relevant reports of the Ministry of Finance.
It is worth noting that this is a significant change from the budget target of a primary deficit of 1.6% of GDP.
ELSTAT’s data show that from a deficit of 8.45 billion euros in 2021, in 2022 the primary balance of the general government turned into a surplus of 273 million euros and correspondingly from -4.7% of GDP to 0.1%.


Latest News

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.