HELLENIC REPUBLIC

HELLENIC STATISTICAL AUTHORITY

Piraeus, 14-11-2012

PRESS RELEASE
QUARTERLY NATIONAL ACCOUNTS: 3rd Quarter 2012 (Flash estimates)
The Hellenic Statistical Authority (ELSTAT) announces the Gross Domestic Product for the 3rd
quarter of 2012.
Available non-seasonally-adjusted data indicate that, in the 3rd quarter of 2012, the Gross
Domestic Product (GDP) at constant prices of year 2005 decreased by 7.2% in comparison with
the 3rd quarter of 2011.
The quarterly GDP estimates for the period Q1 2005 Q2 2012 have been revised due to the
recent revision of annual national accounts for the years 2006-2011 (September 2012).
The flash estimates are based on the use of preliminary indicators and are subject to change
for the production of the provisional estimates (7 December 2012), when additional data
sources will have become available.

Gross Domestic Product

65.000

Million

55.000

45.000

35.000

3
Q
12
2 0 2Q 2
1
2 0 2Q 1
1
2 0 1Q 4
1
2 0 1Q 3
1
20 Q2
11
2 0 1Q 1
1
20 Q4
10
2 0 0Q 3
1
20 Q2
10
2 0 0Q 1
1
20 Q4
09
2 0 9Q 3
0
20 Q2
09
2 0 9Q 1
0
2 0 8Q 4
0
2 0 8Q 3
0
2 0 8Q 2
0
2 0 8Q 1
0
2 0 7Q 4
0
20 Q3
07
2 0 7Q 2
0
20 Q1
07
2 0 6Q 4
0
2 0 6Q 3
0
20 Q2
06
2 0 6Q 1
0
2 0 5Q 4
0
2 0 5Q 3
0
2 0 5Q 2
0
2 0 5Q 1
0
20
Constant Prices 2005 Not Seasonally Adjusted

Current Prices Not Seasonally Adjusted

Gross Domestic Product

(In mill. )
1

Not seasonally adjusted figures

2005
II

IV
2006
II

IV
2007
II

IV
2008
II

IV
2009
II

IV
2010
II

IV
2011
II

IV
2012
II

At constant prices 2005

44580
47464
51008
49997
46579
51160
53108
52841
49463
53107
55318
53007
49525
53148
55247
52522
47439
51254
53607
51543
46972
49816
50064
46916
42840
45889
48072
43201
39956
43020
44593

4.5
7.8
4.1
5.7
6.2
3.8
4.2
0.3
0.1
0.1
-0.1
-0.9
-4.2
-3.6
-3.0
-1.9
-1.0
-2.8
-6.6
-9.0
-8.8
-7.9
-4.0
-7.9
-6.7
-6.3
-7.2

At current prices
44206
47452
50948
50443
47708
52057
54506
54348
51435
55866
58708
57151
54322
58806
61601
58469
51547
58911
60584
60038
52766
56699
57976
54710
48536
53145
55710
51140
45456
49308
51184

7.9
9.7
7.0
7.7
7.8
7.3
7.7
5.2
5.6
5.3
4.9
2.3
-5.1
0.2
-1.7
2.7
2.4
-3.8
-4.3
-8.9
-8.0
-6.3
-3.9
-6.5
-6.3
-7.2
-8.1

* Percent change against the same quarter of the preceding year.

Contact Person
el
Fax
e-mail

: Mrs. Maria Oikonomakou, Mr. Kostas Papandreou

: ++30 213 135 2084, ++30 213 135 2566
: ++30 213 135 2552
: maroik@statistics.gr

As already reported before, due to the break in the time series of quarterly General Government data, and the
resulting availability of data for only a very short period (2009Q1-2012Q3) on which to apply the seasonal
adjustment calculation, combined with major changes reflected in the economic indicators used in the estimations
of quarterly GDP, the implementation of seasonal adjustment does not provide satisfactory results. For this
reason, the figures published are solely the non-seasonally-adjusted ones.
2