Greece's economy expanded at the fastest pace in nearly nine years, revised data from the Hellenic Statistical Authority showed Tuesday.
Gross domestic product grew a seasonally- and calendar-adjusted 1.8 percent year-on-year following a 0.5 percent decline in the second quarter. The economy expanded for the first time in three quarters.
The flash estimate released on November 14 showed 1.5 percent annual growth for the third quarter.
The pace of annual growth was the fastest since the first quarter of 2008, when the economy expanded 2.4 percent.
Consumption grew 3.8 percent, while gross capital formation declined 16.9 percent. Exports increased 10.2 percent and imports rose 12 percent.
Quarterly growth was revised up to 0.8 percent from 0.5 percent flash estimate. The economy expanded for the second straight quarter and at the fastest pace since the final three months of last year. In the second quarter, GDP grew 0.4 percent.
On a non-seasonally adjusted basis, GDP rose 1.6 percent year-on-year versus 1.2 percent estimated earlier. In the second quarter, the economy shrunk 0.4 percent.
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