{"id":21787,"date":"2025-07-25T19:00:09","date_gmt":"2025-07-25T19:00:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/21787\/"},"modified":"2025-07-25T19:00:09","modified_gmt":"2025-07-25T19:00:09","slug":"greeks-spent-more-than-they-earned-in-q1","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/21787\/","title":{"rendered":"Greeks spent more than they earned in Q1"},"content":{"rendered":"<p>                            <img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/Monastiraki_tourists.jpg\" alt=\"Greeks spent more than they earned in Q1\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/07\/Monastiraki_tourists.jpg\"\/><\/p>\n<p>Household final consumption expenditure in Greece reached \u20ac40.3 billion in the January-March period, significantly outpacing disposable income, which stood at \u20ac37.14 billion, data from the Hellenic Statistical Authority (ELSTAT) showed on Friday.<\/p>\n<p>According to ELSTAT, final consumption expenditure rose by 6.7% compared to the same period in 2024, while disposable income increased at a much slower pace of 0.7%.<\/p>\n<p>The disposable income of households and non-profit institutions serving households rose 0.7% year-on-year in the first quarter.<\/p>\n<p>As a result, the household savings rate was negative at -8.5% in Q1 2025.<\/p>\n<p>Negative savings have long been a structural issue in Greece, but this was the lowest rate recorded since Q2 2022.<\/p>\n<p>It is worth noting that the significant level of tax evasion, which is not reflected in official data, should also be taken into account.<\/p>\n","protected":false},"excerpt":{"rendered":"Household final consumption expenditure in Greece reached \u20ac40.3 billion in the January-March period, significantly outpacing disposable income, which&hellip;\n","protected":false},"author":2,"featured_media":21788,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":["post-21787","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-economy"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=21787"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/21787\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/21788"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=21787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=21787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=21787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}