Real GDP in 2010 fell by 4.5 pct

Greek real GDP (market prices) declined by 4.5 percent in 2010 against 2009, according to spot figures released by the independent Hellenic Statistical Authority (ELSTAT) on Monday in an estimation report on the Annual National Accounts.

More specifically, ELSTAT announced the size and the rate of change of the Gross Domestic Product (GDP) and the Gross National Income (GNI) for the year 2010.

Current prices (nominal change): The GDP (market prices) of 2010 reached 230.2 billion euro in comparison with 235.0 billion euro in 2009 (a 2.1% decrease).

Constant Prices Previous Year (real change): The GDP (market prices) of 2010 at 2009 prices reached 224.5 billion euro in comparison with 235.0 billion euro in 2009 (a 4.5% decrease).