Greece had 2.3 pct GDP Growth in 1st Quarter 2018, According to ELSTAT Figures
Greece's economy grew at a rate of 2.3 pct year on year in the first quarter of 2018, according to seasonally adjusted provisional data released by the Hellenic Statistical Authority (ELSTAT) on Monday.
According to the statistics agency, the available seasonally adjusted data indicated that in the 1st quarter of 2018 the Gross Domestic Product (GDP) in volume terms increased by 0.8 pct in comparison with the 4th quarter of 2017, and 2.3 pct in comparison with the 1st quarter of 2017.
The available non-seasonally adjusted data indicated that GDP in the 1st quarter of 2018 in volume terms increased by 2.4 pct in comparison with the 1st quarter of 2017, the press release said.
The seasonally adjusted figures are recalculated every time a new quarter is added in the time series; therefore the seasonal adjusted data are revised every quarter.