The GDP growth rate in real terms during the second quarter of 2024 is positive and it is estimated at 3,6% over the corresponding quarter of 2023. Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 3,7%.

The positive GDP growth rate is mainly attributed to the sectors: “Hotels and Restaurants”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Information and Communication” and “Construction.

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Foreign Trade Statistics – May 2024 (Final Data) and June 2024 (Provisional Data)

Total imports of goods in June 2024 were €896,9 mn as compared to €1.059,5 mn in June 2023, recording a decrease of 15,3%. Imports from other EU Member States were €538,9 mn and from third countries €358,0 mn, compared to €615,5 mn and €444,0 mn respectively in June 2023. Imports in June 2024 include the transfer of economic ownership of vessels, with total value of €70,4 mn as compared to €78,8 mn in June 2023.

Total exports of goods in June 2024 were €449,0 mn as compared to €321,0 mn in June 2023, recording an increase of 39,9%. Exports to other EU Member States were €126,0 mn and to third countries €323,0 mn, compared to €120,6 mn and €200,4 mn respectively in June 2023. Exports in June 2024 include the transfer of economic ownership of vessels, with total value of €159,7 mn as compared to €83,4 mn in June 2023.

Total imports of goods in January–June 2024 amounted to €5.557,7 mn as compared to €6.494,9 mn in January–June 2023, recording a decrease of 14,4%. Total exports of goods in January-June 2024 were €1.985,9 mn compared to €2.016,9 mn in January-June 2023, registering a decrease of 1,5%. The trade deficit was €3.571,8 mn in January–June 2024 compared to €4.478,0 mn in the corresponding period of 2023.

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Registered Unemployed – June 2024

The unemployed persons, registered at the District Labour Offices on the last day of June 2024, reached 10.112 persons. Based on the seasonally adjusted data that show the trend of unemployment, the number of registered unemployed for June 2024 increased to 10.959 persons in comparison to 10.839 in the previous month. 

Wholesale and Retail Trade Survey – 2022

According to the results of the Wholesale and Retail Trade Survey, the main aggregates of the trade sector in 2022 registered a positive growth rate compared to 2021.

In particular, turnover in the broad trade sector increased in 2022 by 20,7% to €17.618,2 million compared to €14.598,3 million in 2021. At division level, in wholesale and retail trade and repair of motor vehicles and motorcycles turnover increased by 17,9% to €1.220,9 million, in wholesale trade by 28,7% to €9.073,0 million and in retail trade by 12,5% to €7.324,3 million.

Employment in the Broad Public Sector – Total Employment 75.723 – 1st Quarter 2024

Quarterly Accounts of General Government – Surplus €598,3 mn – 1st Quarter 2024

Job Vacancies – Job Vacancy Rate 3,0% – 1st Quarter 2024

Employment (National Accounts) – Annual Change +2,2% in Persons and +2,6% in Hours Worked

1st Quarter 2024

Total Employment for the 1st quarter of 2024 is estimated at 474.587 persons, of which 425.090 are employees and 49.497 are self-employed.

Actual hours worked for the 1st quarter of 2024 are estimated at 217.668 thousand; an increase of 2,6% compared to the corresponding quarter of 2023. T

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