The Greece economy contracted more than initially estimated in the three months ended March, latest figures from the Hellenic Statistical Authority showed Monday.
Gross domestic product fell a seasonally adjusted 0.5 percent quarterly in the first quarter instead of 0.4 percent fall estimated on May 13.
In the fourth quarter of 2015, the economy expanded slightly by 0.1 percent.
On the expenditure side, final consumption expenditure declined 0.5 percent over the quarter and gross fixed capital formation slid by 6.8 percent.
Both exports and imports of goods and services dropped by 3.3 percent and 0.3 percent, respectively.
On an annual basis, GDP fell 1.4 percent in the March quarter, corrected from a 1.3 percent decrease in the preliminary report, following a 0.9 percent fall in the previous quarter. It was the third consecutive quarterly fall.
Similarly, the economy contracted an unadjusted 1.3 percent annually in the first quarter, faster than the 0.7 percent decline in the prior three-month period.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.