Greece's economy contracted more severely in the fourth quarter of 2016, than estimated earlier, latest data from the Hellenic Statistical Authority showed Monday.
Gross domestic product declined a seasonally-and-calendar adjusted 1.2 percent from the previous three months, which was more-than-double the 0.4 percent fall estimated in the initial report on February 14.
The latest contraction was the sharpest since the third quarter of 2015, when the Greek economy shrunk 1.7 percent.
Third quarter growth was revised down to 0.6 percent from 0.9 percent.
The year-on-year growth was revised to show a decline of 1.1 percent versus a 0.3 percent gain reported earlier.
The annual growth figure for the third quarter was revised to 2 percent from 2.2 percent.
On a non-seasonally adjusted basis, GDP fell 1.4 percent, in contrast to the 0.2 percent increase estimated earlier.
The third quarter growth figure was revised to 2.1 percent from 2.2 percent.
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 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.