Imports entering the Greek market have posted a noteworthy decrease since the advent of the punishing economic crisis in 2010, according to a study by the Panhellenic Exporters’ Association (PEA), with the loss totaling 14.16 percent until 2015.
Imports entering the Greek market have posted a noteworthy decrease since the advent of the punishing economic crisis in 2010, according to a study by the Panhellenic Exporters’ Association (PEA), with the loss totaling 14.16 percent until 2015.
The exporters’ association relied on official figures collected by El.Stat, the Greek statistical service.
Specifically, the total value of imports in 2015 reached 42.6 billion euros, which was only up 15.6 percent from the year prior to Greece entering the eurozone on Jan. 1, 2002. In 2001, for instance, imports to Greece were valued at 36.8 billion euros.
Over the 2001-2015 period, the annual rate of increase, yoy, of imports was an average of 1.45 percent, with the total value of imports during the same period reaching a hefty 715.26 billion euros.