Enterprises’ turnover in Greece in the first quarter 2023 increased by 8.3% in comparison with the first quarter 2022

May 25, 2023

The Hellenic Statistical Authority (ELSTAT) announces data on the evolution of turnover of enterprises in all sections of the economy, incorporating the most recent data on turnover from Administrative Sources for March and 1st quarter 2023.

The current publication is a sequel of the relevant announcements on the Evolution of Turnover of the Enterprises that were under Suspension of Operation due to the pandemic of the corona virus disease 2019 (COVID-19), published by ELSTAT.

Starting from the announcement published in March 2023 (reference month January 2023), an updated framework for the determination of the total of enterprises in the Greek Economy is used, which occurs from the linking at micro-data level of administrative transactions files, of the reference years 2019, 2020, 2021, 2022 and 2023, administrative registers of enterprises, of the reference years 2021 and 2022, and of the final Statistical Business Register, of the reference year 2020, that provides a standardized set of data, harmonized with European classifications.

More specifically,

Concerning the enterprises and the activities of the economy as a whole, the turnover in the first quarter 2023 amounted to 97,564,300 thousand euro, recording an increase of 8.3% in comparison with the first quarter 2022, when the respective turnover was 90,100,078 thousand euro. The biggest increase in turnover in the first quarter 2023 compared with the first quarter 2022 was recorded from the enterprises of the section Financial and Insurance Activities, per 61.9%. The smallest increase was recorded from the enterprises of the section Wholesale and Retail Trade; Repair of Motor Vehicles and Motorcycles, per 7.1%, while the biggest decrease in turnover was recorded from the enterprises of the section Electricity, Gas, Steam and Air Conditioning Supply, per 20.2%.

For the enterprises of the economy as a whole, obliged to double-entry accounting bookkeeping, for which data are available on a monthly basis, the turnover in March 2023 amounted to 29,600,523 thousand euro, recording an increase of 2.6% in comparison with March 2022, when the respective turnover was 28,844,028 thousand euro. The biggest increase in turnover in March 2023 compared with March 2022 was recorded from the enterprises of the section Education, per 39.0%. The smallest increase was recorded from the enterprises of the section Public Administration and Defense; Compulsory Social Security per 1.4%, while the biggest decrease in turnover was recorded from the enterprises of the section Electricity, Gas, Steam and Air
Conditioning Supply, per 39.0%.

Source: Hellenic Statistical Authority (ELSTAT)
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