Regional Accounts - Gross Value Added data, 2018

HELLENIC REPUBLIC	Piraeus, January 18, 2021
HELLENIC STATISTICAL AUTHORITY

PRESS RELEASE

REGIONAL ACCOUNTS: Gross Value Added data for year 2018 and revised data for years 2010-2017.

The Hellenic Statistical Authority (ELSTAT) announces the National Accounts results on the level of Region (NUTS II), regarding Gross Value Added for year 2018 and the revised results for years 2010-2017. Data are compiled according to the European System of Accounts ESA 2010 and are consistent with the respective annual national figures.

It is noted that the results of the Benchmark Revision (2015=100) of Annual National Accounts have been incorporated in the data included in the current Press Release.

Information regarding the recent benchmark revision of Annual National Accounts are provided in the Press Release of Annual National Accounts as of 16/10/2020 which is available on ELSTAT website:

Gross Domestic Product (2nd Estimation)

it is noted that ELSTAT continues the works for the revision of the time series for the years before 2010.

For the entire country, Gross Value Added (GVA) in 2018 increased by 0.8% (Table 1). The biggest increase occurred in the regions of Ionia Nisia, Notio Aigaio and Kriti.

Table 1. Total Gross Value Added per Region (NUTS II)

(At current prices. In million €)

Regions	2017	2018*	Change (%)
Attiki	73,871	74,470	0.8%
Voreio Aigaio	2,126	2,142	0.7%
Notio Aigaio	5,183	5,359	3.4%
Kriti	7,721	7,862	1.8%
Anatoliki Makedonia, Thraki	5,946	5,957	0.2%
Kentriki Makedonia	20,999	21,329	1.6%
Dytiki Makedonia	3,754	3,560	-5.2%
Ipeiros	3,382	3,409	0.8%
Thessalia	7,791	7,853	0.8%
Ionia Nisia	2,669	2,759	3.4%
Dytiki Ellada	6,846	6,884	0.6%
Sterea Ellada	7,262	7,240	-0.3%
Peloponnisos	7,043	6,956	-1.2%
ELLADA	154,593	155,780	0.8%

*provisional data

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Regarding the participation of regions in the production of GVA, the biggest share is held by the region of Attiki with 47.8%; the region of Kentriki Makedonia follows with 13.7% (Graph 1).

Graph 1. Regions contribution to total Gross Value Added - Year 2018

Sterea Ellada 4.6%	Peloponnisos 4.5%
Dytiki Ellada 4.4%
Ionia Nisia 1.8%
Thessalia 5.0%		Attiki 47.8%
Ipeiros 2.2%
Dytiki
Makedonia
2.3%

Kentriki

Makedonia

13.7%

Anatoliki Makedonia,
Thraki 3.8%			Voreio Aigaio
Kriti 5.0%	Notio Aigaio 3.4%
1.4%

On the basis of the regional GVA allocation and population statistics data (mid-year estimated population), the per capita regional Gross Domestic Product (GDP) is compiled. Its analysis shows increase (+1.7%) for the entire country between 2017 and 2018 (Table 2). At the regional level, the regions with significant increase are Ionia Nisia, Notio Aigaio and Kentriki Makedonia, while the regions of Dytiki Makedonia, Voreio Aigaio and Peloponnisos recorded a decrease.

Table 2. Per capita Gross Domestic Product per Region (NUTS II)

(At current prices. In €)

Regions	2017	2018*	y-o-y ( %)
Attiki	22,484	22,915	1.9%
Voreio Aigaio	11,746	11,434	-2.7%
Notio Aigaio	17,488	18,054	3.2%
Kriti	13,975	14,302	2.3%
Anatoliki Makedonia, Thraki	11,318	11,446	1.1%
Kentriki Makedonia	12,813	13,125	2.4%
Dytiki Makedonia	15,912	15,319	-3.7%
Ipeiros	11,576	11,775	1.7%
Thessalia	12,331	12,578	2.0%
Ionia Nisia	14,921	15,587	4.5%
Dytiki Ellada	11,856	12,082	1.9%
Sterea Ellada	14,976	15,030	0.4%
Peloponnisos	13,964	13,943	-0.2%
ELLADA	16,472	16,745	1.7%

* provisional data

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Graph 2 presents per capita regional GDP (left axis) and its year on year change % (right axis)

Graph 2. Per capita Regional Gross Domestic Product -Year 2018

1.9%
							20%
20000							15%
3.2%
1.7%							10%
2.3%		-3.7%			4.5%	0.4%
			-0.2%
15000		2.4%		2.0%		1.9%	5%
-2.7%	1.1%	1.7%
							0%
10000
							-5%
5000							-10%
							-15%
0							-20%
	GDP per capita	y-o-y ( %)

Table 3 presents the allocation of regional GVA by industry (NACE Rev. 2/ Α10) for year 2018.

Table 3. Gross Value Added per Industry (A10)* and Region (NUTS II)- Year 2018

(Provisional data. At current prices. In million €)

	Regions	A	B, C, D, E	F	G, H, I	J	K	L	M, N	O, P, Q	R, S, T, U
	Attiki	295		7,544		870		19,589		3,782	5,708		15,050		5,455		13,781		2,396
	Voreio Aigaio	114		165		44		545		34		77		333		62		700		68
	Notio Aigaio	122		351		121		2,796		45		138		648		200		757		179
	Kriti	543		752		132		3,009		131		303		939		365		1,393		296
	Anatoliki	493		1,052		92		1,359		89		181		687		165		1,680		159
	Makedonia, Thraki
	Kentriki Makedonia	1,343		3,188		321		5,781		417		819		2,760		778		5,094		827
	Dytiki Makedonia	298		1,570		57		427		32		91		310		62		633		80
	Ipeiros	320		383		96		837		45		125		499		89		896		122
	Thessalia	935		1,204		129		1,669		76		226		1,004		207		2,079		324
	Ionia Nisia	120		120		47		1,341		24		73		418		96		406		114
	Dytiki Ellada	699		905		127		1,626		148		227		1,075		193		1,618		265
	Sterea Ellada	576		2,638		101		1,425		65		166		815		152		1,111		191
	Peloponnisos	718		1,627		133		1,480		90		197		1,090		127		1,198		298
	ELLADA	6,576		21,501		2,270		41,883		4,979		8,330		25,629		7,949		31,346		5,318

*For industries A10 Classification see Table 4

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Table 4. Industries of A10 classification of NACE Rev. 2

• Α Agriculture, forestry and fishing Β Mining and quarrying

Β, C,	C Manufacturing
D, Ε	D Electricity, gas, steam and air condition supply

• Water Supply, sewerage, waste management and remediation activities
  F F Construction

G, Η,	G	Wholesale and retail trade, repair of motor vehicles and motorcycles
Η	Transportation and storage
I
I	Accommodation and food activities
J	J	Information and communications
Κ	Κ	Financial and insurance activities
L	L	Real estate activities
Μ, Ν	Μ	Professional, scientific and technical activities
Ν	Administrative and support service activities
O, P,	O	Public Administration and defense, compulsory social security
P	Education
Q
Q	Human health and social work activities
	R	Arts, entertainment and recreation
R, S,	S	Other service activities
	Activities of households as employers, undifferentiated goods and
Τ, U	T
services - producing activities of households for own use
	U	Activities extraterritorial organizations and bodies

Tables 5 and 6 below present the regional GVA according to ESA 2010 for the years 2010-2018, at current prices (in million €) and its allocation at region level (NUTS II).

Table 5. Gross Value Added for years 2010-2018 and regional allocation (NUTS II)

Τotal Gross Value Added for years 2010-2018

Years

2010

2011

2012

2013

2014

2015

2016

2017

2018*

Regions

ELLADA

197,729

178,181

166,159

159,199

156,606

155,577

151,939

154,593

155,780

Attiki	95,933	86,456	79,514	76,235	74,792	73,749	72,289	73,871	74,470
Voreio Aigaio	2,801	2,539	2,375		2,274	2,260		2,202	2,119		2,126	2,142
Notio Aigaio	6,362	5,753	5,363	5,386	5,452	5,374	5,102	5,183	5,359
Kriti	9,584	8,403	7,702		7,619	7,794		7,788	7,496		7,721	7,862
Anatoliki Makedonia, Thraki	8,081	7,021	6,591	6,181	6,020	5,987	5,926	5,946	5,957
Kentriki Makedonia	26,587	24,132	22,471		21,204	20,694		21,004	20,709		20,999	21,329
Dytiki Makedonia	4,494	4,365	4,715	4,474	4,366	4,152	3,756	3,754	3,560
Ipeiros	4,363	3,986	3,664		3,581	3,521		3,468	3,392		3,382	3,409
Thessalia	9,497	8,517	8,201	7,910	7,861	7,924	7,692	7,791	7,853
Ionia Nisia	3,504	2,999	2,830		2,726	2,785		2,723	2,641		2,669	2,759
Dytiki Ellada	9,284	8,209	7,736	7,286	7,148	7,086	6,821	6,846	6,884
Sterea Ellada	8,845	8,091	7,639		7,235	7,009		7,085	7,088		7,262	7,240
Peloponnisos	8,394	7,710	7,359	7,089	6,903	7,033	6,908	7,043	6,956

* provisional data

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