Greece - Wage & Salaries




Greece: Wage & Salaries

Mnemonic YPEWS.IGRC
Unit Mil. EUR, SA
Adjustments Seasonally Adjusted
Quarterly 7.7 %
Data 2020 Q2 15,159
2020 Q1 16,423

Series Information

Source Hellenic Statistical Authority (ELSTAT)
Release Gross Domestic Product
Frequency Quarterly
Start Date 3/31/1995
End Date 6/30/2020

Greece: Labor

Reference Last Previous Units Frequency
Labor Force 2020 Q2 4,612 4,597 Ths. EUR, NSA Quarterly
Labor Force Employment 2020 Q2 3,844 3,852 Ths. EUR, NSA Quarterly
Primary Industries Employment 2020 Q2 426.4 424.2 Ths. #, NSA Quarterly
Secondary Industries Employment 2020 Q2 582.7 587.8 Ths. #, NSA Quarterly
Tertiary Industries Employment 2020 Q2 2,834 2,840 Ths. #, NSA Quarterly
Total Employment 2020 Q2 3,844 3,852 Ths. EUR, NSA Quarterly
Total Employment Non-Ag Jun 2020 3,744 3,733 Thousands, SA Monthly
Unemployment 2020 Q2 768.3 745.1 Ths. EUR, NSA Quarterly
Unemployment Rate 2020 Q2 16.7 16.2 %, NSA Quarterly
Wage & Salaries 2020 Q2 15,159 16,423 Mil. EUR, SA Quarterly
Agriculture Employment 2017 591,868 607,088 # Annual

Release Information

Description

In accordance with the International Monetary Fund's website: Data are disseminated in millions of Euro on GDP at current prices and chain-linked volume measures for the expenditure and production approach. Only data at current prices are produced for the income approach.

The following GDP breakdowns are disseminated:

  1. Production: nominal and real results for GVA according to A64 classification.
  2. Expenditure: nominal and real results for all expenditure components.
  3. Income: nominal results for compensation of employees by industry (A64), gos, taxes and subsidies.

Methodology

Analytical Framework

The data is reported along the framework of the European System of Accounts (ESA) and the classification follows the most recent revision of NACE.  

Data Scope

The quarterly national accounts compile the GDP using a combination of production, expenditure and income approach.  It covers all transactions within the ESA framework and covers the entire economy of Greece.

Data Sources

Production approach is a short-term survey used to compile output estimates.  This includes indicators like industrial production index and turnover statistics for service industries, for example, wholesale and retail trade and food and accomodation services, transport and other services.  

Expenditure approch or Housdolds' final consuption expenditure is compiled using short-term retail trade statistics and commodity flow methods.  Examples include:

  • CPI - used for deflation
  • General Government consumption expenditure
  • Gross fixe capital formation (GFCF) - estimates for dwellings and other private buildings 
  • Exports of Goods and services - External trade statistics of EL>STAT and uses consuption of goods and BOP data.
Compilation
Uses the general estimation method to compile quarterly accounts which are similar to the annual accounts.  
 

Revisions

The data are provisional when first released, and this status is indicated in the press release. The data are revised twice each year during the first and third quarter. The data become final when they are adjusted to the final annual accounts two years after their first release.

Any differences are on account of using new data, not available at the time of the flash estimate. These data are either monthly data (i.e. Balance of Payments) or quarterly data (i.e. turnover indices for the service industries, and labour force survey data).

More information can be found: http://www.statistics.gr/en/policies 

Notes

For more information, please use the following resources: