National accounts

Despite the increase in the minimum wage in 2023, Greece's gross domestic product (GDP) per capita expressed in purchasing power standards is 67% of the European average, according to Eurostat. 

This puts Greece in 26th place among the 27 member-states, with Bulgaria in last, where GDP per capita in purchasing power units was 64% of the European average.

The latest data released by Eurostat, the official statistical office of the European Union, reveals that Bulgaria continues to grapple with the lowest purchasing power within the EU, while Luxembourg maintains its position at the top with the highest purchasing power.

According to the express estimates of the National Statistical Institute, during the fourth quarter of 2023, the gross domestic product (GDP) increased by 1.6% compared to the same period of the previous year and by 0.5% compared to the third quarter of 2023, based on seasonally adjusted data.

BELGRADE - Serbia's real GDP was up by 3.8 pct y-o-y in Q4 2023, the Serbian national statistical office RZS said on Wednesday in a flash estimate of constant-price GDP growth.

The RZS also said a more detailed GDP calculation for Q4 2023, performed at lower aggregation levels, would be published on February 29.

A recent survey sheds light on the evolving trends in Christmas bonuses among Bulgarian employers, indicating a shift in their approach towards year-end rewards.

In the third quarter of 2023, the Bulgarian economy experienced a 0.4% growth compared to the preceding quarter, maintaining a similar growth pattern seen earlier. Announced by the National Statistical Institute (NSI), the economic expansion, measuring 1.8% annually, remains consistent with the previously estimated 1.7%, showing a slight decline from the 2.0% growth in the second quarter.

In the latest Eurostat data disclosed on Thursday, it's been unveiled that a significant 85% of Bulgarians resided in households owning their homes in the year 2022, marking a slight increase from the preceding year's 84.9%. This statistic presents an intriguing aspect of the housing landscape in the country.

BELGRADE - Serbia's real GDP was up by 3.5 pct y-o-y in Q3 2023, the Serbian national statistical office RZS said in a flash estimate released on Tuesday.

The RZS also said a more detailed GDP calculation for Q3 2023, performed at lower aggregation levels, would be published on November 30.

Corporate profits accounted for 50% of Greece's GDP price deflator - the tool measuring the extent to which the economy's growth is due to price hikes - in the first quarter of 2023, a percentage that is the third highest among EU member-countries, according to the Greek market watchdog.

BELGRADE - Serbia's real GDP was up by 1.7 pct y-o-y in Q2 2023, the Serbian national statistical office RZS said in a flash estimate released on Monday.

The RZS also said a more detailed GDP calculation for Q2 2023, performed at lower aggregation levels, would be published on August 31.