![ELSTAT: Jan-Feb. Trade Deficit Jumps to 18.4%](https://www.ot.gr/wp-content/uploads/2024/04/unnamed-41-1.jpg)
The trade deficit recorded an 18.4% jump during the January-February 2024 period compared to the same period last year, according to data released by the Greek Statistical Authority (ELSTAT). Correspondingly, imports decreased by 1.1%, while exports saw a notable decrease of 11.4%, causing significant concern for the trajectory of the Greek economy.
The corresponding deficit excluding oil products recorded an increase of 541.6 billion euros or 14.6% and the corresponding deficit excluding oil products and ships recorded an increase of 494.8 million euros or 13.3%.
The total value of imports, in February 2024 amounted to 6,997.8 billion euros in comparison with 6,746.7 billion euros in February 2023, recording an increase, in euros, of 3.7%. The corresponding value excluding oil products in February 2024 recorded an increase of 389.1 million euros or 8.1% and the corresponding value excluding oil products and ships in February 2024 recorded an increase of 407.8 million euros or 8.6%, in comparison with February 2023.
The total value of exports, in February 2024 amounted to 3,963.9 billion euros in comparison with 4,482.8 billion euros in February 2023, recording a drop, in euros, of 11.6%. The corresponding value excluding oil products recorded in February 2024 a drop of 54.4 million euros or 1.8% and the corresponding value excluding oil products and ships in February 2024 recorded a drop of 11.2 million euros or 0.4%, in comparison with February 2023.
The deficit of the trade balance, in February 2024 amounted to 3,033.9 billion euros in comparison with 2,263.9 billion euros in February 2023, recording an increase, in euros, of 34.0%. The corresponding value of deficit excluding oil products in February 2024 recorded an increase of 443.5 million euros or 24.1% and the corresponding value excluding oil products and ships in February 2024 recorded an increase of 418.9 million euros or 22.7%, in comparison with February 2023.
The total value of imports, for the 2-month period from January to February 2024 amounted to 13,584.3 billion euros in comparison with 13,737.7 billion euros for the corresponding period of the year 2023, recording a drop, in euros, of 1.1%.
Source: tovima.com
![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
![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
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
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
![OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece](https://www.ot.gr/wp-content/uploads/2024/05/ΟΤΕ-Group_1-600x450.jpg)
OTE Group: FTTH Program Advancing in Semi-Urban and Rural Areas of Greece
This initiative will provide ultra-fast internet speeds of up to 1Gbps to over 350,000 households and businesses in semi-urban and rural areas across the country