In terms of total (cumulative) growth, in the period 2019-2023 the real Greek GDP per capita has increased by 9.9%
Greece it is a real GDP per capita growth champion across Europe, reports the Ministry of National Economy and Finance, citing the European Commission’s data for 2023 that refer to (a) Real GDP per capita and (b) GDP per capita in purchasing power units power (GDP per capita in PPS).
According to the ministry, as far as the first size (real GDP per capita) is concerned, this takes into account inflation and for 2023 shows Greece as the growth champion in the European Union with a performance of 2.5% (from 18,690 euros in 2022 to 19,150 euros in 2023 at constant 2010 prices). In the same year, real per capita income in the European Union stagnated (actually a marginal decline note).
In total, they add, in the period 2019-2023 the real per capita disposable income in Greece growing at a rate more than double the European average (2.1% vs. 1%), and in the period following the outbreak of the pandemic (2021-2023), the difference is even greater (5.9% average increase in Greece compared to 3.1% in the European Union).
In terms of total (cumulative) growth, in the period 2019-2023 the real Greek GDP per capita has increased by 9.9%, a rate more than double the average of the European Union (4.8%). As for the last three years (2021-2023), which followed the year when the pandemic broke out (2020), the cumulative increase in real per capita income in Greece is at an impressive 18.6% (third highest performance in European Union), again more than double the European average (9.4%).
The difference in the positive performances of our country in the last five years, the ministry reports, are in absolute opposition with the extremely negative performance of our country during the period of SYRIZA government. Specifically, in the period 2015-2018, Greece was second to last in the growth of real per capita income in the European Union of 27, with an average annual increase of 0.9%, against more than double the rate (1.9%) of the European average. As far as the cumulative increase in per capita income in the period 2015-2018 is concerned, this was again the second lowest in Europe of 27 with a rate of 3.6%, compared to more than double the increase of the European average of 8.6 %. In terms of ending GDP per capita in purchasing power units, SYRIZA received it (at the end of 2014) at 72% of the EU and delivered it in 2019 lower, at 66%. From 2019 to 2023 GDP per capita in purchasing power units increased to 67% despite the fact that the pandemic and the war in Ukraine intervened.
Based on the ministry, the numbers speak for themselves, and don’t need much explanation. Under the government of New Democracy, the real per capita income grows at a rate more than double that of the European Union. On the contrary, under SYRIZA, the exact opposite happened. And of course, under New Democracy real per capita income has grown significantly in the last five years (amidst a pandemic, international energy crisis and low European economic growth) with an average annual increase more than double that of the years when SYRIZA ruled, which were years of great European development. In short, the data shows that Greece is a champion of real per capita income growth in difficult times, while under SYRIZA it was the tail of Europe in easy years.
And this happened, it is added, because despite the large, successive external crises, the New Republic implements an effective economic policy, as reflected in the increase in employment by approximately 367 thousand new jobs from June 2019 to December 2023, and in the real increase wages in the private sector of the economy in the last four years by 6.1%, with a parallel reduction in insurance contributions, income tax and property tax.
It is therefore truly audacious, it is emphasized, those who with their reckless policy played the fate of the country at dice, those who froze the employment and incomes of Greek men and women, those who collapsed the international prestige of the country, deeds for which they were condemned resoundingly in successive electoral contests to abandon the government of progress, development and international credibility for “sad reality”.
And since SYRIZA, concludes the relevant information from the ministry, apparently do not read the numbers and talk about “record tax revenues, due to the inflationary increase in consumption taxes”, we inform them that tax revenues in Greece in 2023 increased by 11.6 % (from 55.2 billion to 61.6 billion in 2023), as far as consumption taxes are concerned, VAT revenue increased by 9.2% and excise revenue increased by 0 .5%. In the same year, CPI inflation in Greece was 3.5%. Therefore, whoever wants to do the calculations! And above all, those who, with their announcement, remind the Greek men and women that with the tax reduction of the New Democracy government, the state collects more revenue both in nominal and real terms, should do their calculations. This is the definition of increased economic growth, so we thank them for their implicit but clear acknowledgment of our successful economic policy.
Source: Skai
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