Greece’s retail sector turnover recorded a 2.4% increase in 2024, reaching 71.57 billion euros compared to 69.89 billion euros in 2023, according to data released by the country’s Statistical Authority (ELSTAT). Excluding the sectors of vehicles, food, and fuel, retail trade turnover in 2024 stood at 25.97 billion euros, reflecting a 1.8% rise from 25.5 billion euros in 2023.
The sectors with the largest contribution to the annual turnover in 2024 included retail trade in non-specialized stores selling mainly food, beverages, or tobacco, which accounted for 27% of the total.
Car and light motor vehicle sales followed with 11.7%, while retail trade in motor fuel at specialized stores contributed 11.1%. Pharmaceutical products in specialized stores represented 6.6%, and clothing retail in specialized stores stood at 5.1%.
In absolute figures, the sectors that recorded the highest increase in turnover in 2024 compared to the previous year were non-specialized stores selling mainly food, beverages, or tobacco, with a rise of 0.60 billion euros, followed by car and light motor vehicle sales, which increased by 0.26 billion euros.
On the other hand, the largest declines were observed in the retail trade of motor fuels, which dropped by 0.22 billion euros, and in the sale of household electrical appliances in specialized stores, which fell by 0.11 billion euros.
Among the regions, the North Aegean recorded the highest turnover growth in 2024, with a 3.8% increase, followed by Attica with 3%. In contrast, turnover declined in Eastern Macedonia and Thrace by 1.2% and in Epirus by 0.5%.
For the total retail sector, turnover in the fourth quarter of 2024 reached 18.93 billion euros, marking a 1.4% increase from the 18.67 billion euros recorded in the fourth quarter of 2023. Compared to the third quarter of 2024, when it stood at 18.84 billion euros, the increase was 0.5%.
Source: tovima.com
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