Ramba Energy : Gross Value Added data, 2017

HELLENIC REPUBLIC	Piraeus, January 17, 2020
HELLENIC STATISTICAL AUTHORITY

PRESS RELEASE

REGIONAL ACCOUNTS: Gross Value Added data for the year 2017

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

For the entire country, Gross Value Added (GVA) in 2017 increased by 2.3% (Table 1). The biggest increase occurred in the regions of Kriti, Sterea Ellada and Notio Aigaio.

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

(At current prices. In million €)

Regions	2016*	2017*	Change(%)
Attiki	73,206	74,981	2.4%
Voreio Aigaio	2,143	2,167	1.1%
Notio Aigaio	5,220	5,371	2.9%
Kriti	7,622	7,950	4.3%
Anatoliki Makedonia, Thraki	6,024	6,071	0.8%
Kentriki Makedonia	21,155	21,624	2.2%
Dytiki Makedonia	3,418	3,465	1.4%
Ipeiros	3,456	3,476	0.6%
Thessalia	8,042	8,170	1.6%
Ionia Nisia	2,727	2,771	1.6%
Dytiki Ellada	7,010	7,065	0.8%
Sterea Ellada	7,144	7,390	3.4%
Peloponnisos	6,876	7,024	2.2%
TOTAL	154,044	157,526	2.3%

*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 47.6%; the region of Kentriki Makedonia follows with 13.7% (Graph 1).

Graph 1. Regions contribution to total GVA- Year 2017

Ionia Nisia 1,8%	Dytiki Sterea	Peloponnisos 4,5%
Ellada Ellada		Attiki 47,6%
Thessalia 5,2%
4,5%	4,7%
Ipeiros
2,2%
Dytiki
Makedonia
2,2%

Kentriki Makedonia

13,7%

Anatoliki Makedonia,
Thraki 3,9%	Notio Aigaio 3,4% Voreio Aigaio 1,4%
Kriti 5,0%

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 (+2.3%) for the entire country between 2016 and 2017 (Table 2). At the regional level, the regions with significant increase are Kriti, Sterea Ellada and Attiki, while the region of Voreio Aigaio recorded a decrease.

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

(At current prices. In €)

Regions	2016*		2017*				y-o-y ( %)
	Attiki				22,204				22,784				2.6%
	Voreio Aigaio	12,266		11,955		-2.5%
	Notio Aigaio			17,769			18,091			1.8%
	Kriti	13,811		14,366		4.0%
	Anatoliki Makedonia, Thraki			11,432			11,539			0.9%
	Kentriki Makedonia	12,880		13,172		2.3%
	Dytiki Makedonia			14,361			14,663			2.1%
	Ipeiros	11,785		11,879		0.8%
	Thessalia			12,662			12,911			2.0%
	Ionia Nisia	15,182		15,464		1.9%
	Dytiki Ellada			12,058			12,216			1.3%
	Sterea Ellada	14,727		15,214		3.3%
	Peloponnisos			13,579			13,903			2.4%
	ELLADA		16,378			16,757			2.3%

* Provisional data.

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

Graph2. Per capita Regional Gross Domestic Product -Year 2017

	2,6%
20000		1,8%							20%
2,3%							15%
				1,9%	3,3%
15000		4,0%	2,1%			2,4%	10%
-2,5%	0,8%	2,0%
	0,9%	2,3%		1,3%		5%
10000									0%
								-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 the year 2017.

Table 3. Gross Value Added per Industry (A10)* and Region (NUTS II)- Year 2017

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

Regions		A		B, C,		F		G, H, I		J		K		L		M, N		O, P,		R, S, T,
		D, E								Q		U
	Attiki	299		8,680		1,390		17,765		4,065		4,398		15,859		5,428		14,266		2,832
	Voreio Aigaio		123			167			68			514			41			63			350			71			691			79
	Notio Aigaio	143		374		194		2,658		51		111		678		201		753		208
	Kriti		577			810			262			2,803			150			230			987			359			1,411			362
	Anatoliki Makedonia,	493		1,090		149		1,256		103		157		724		191		1,691		218
	Thraki
	Kentriki Makedonia		1,259			3,651			531			5,122			471			648			2,905			929			5,091			1,016
	Dytiki Makedonia	316		1,429		89		387		38		71		326		68		644		96
	Ipeiros		304			423			147			766			52			99			524			115			894			151
	Thessalia	994		1,384		212		1,528		89		175		1,057		185		2,145		400
	Ionia Nisia		120			129			81			1,257			29			53			438			119			402			143
	Dytiki Ellada	793		917		205		1,508		174		175		1,133		195		1,619		347
	Sterea Ellada		584			2,731			153			1,318			78			129			859			175			1,119			244
	Peloponnisos	669		1,616		217		1,364		106		157		1,147		167		1,214		367
	ELLADA		6,673			23,402			3,699			38,246			5,447			6,466			26,987			8,203			31,941			6,462

*For the 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
	Ε	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

Analytical tables of Regional Accounts are available on ELSTAT portal at the following links:

http://www.statistics.gr/en/statistics/-/publication/SEL45/-

http://www.statistics.gr/en/statistics/-/publication/SEL48/-

http://www.statistics.gr/en/statistics/-/publication/SEL51/-

http://www.statistics.gr/en/statistics/-/publication/SEL54/-

http://www.statistics.gr/en/statistics/-/publication/SEL57/-

http://www.statistics.gr/en/statistics/-/publication/SEL60/-

Information on methodological issues:	Information for data provision:
National Accounts Division	Tel: [phone], 2308, 2310
National Accounts Synthesis Section	e-mail:[e-mail]
An. Katsika, Char. Christou, S. Michailidou
Tel. : [phone], 6050, 2824
Fax : [phone]
Email:[e-mail],[e-mail],[e-mail]

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EXPLANATORY NOTES

General:	Regional accounts provide information on basic economic variables at regional level. These are Gross
	Value Added, Gross Domestic Product (GDP), per capita GDP, gross fixed capital formation
	(investments) and employment. Per capita GDP is estimated using the revised population in the middle
	of the year based on 2011 census data per region. Data are also provided on regional level for
	Households Accounts.
Legal basis:	Regional accounts are compiled in accordance with the European System of Accounts - ESA 2010of the
	Council Regulation (EU) No 549/2013 of the European Parliament and of the Council of 21 May 2013.
Reference	The calendar year.
period:

Geographical The total of Greece with breakdown into region and prefecture level. coverage:

Map of the 13 Regions(NUTS II) of Greece

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Unit of measure:

Revision:

Statistical classification:

Publication of data:

References:

The variables concerning values are expressed in million of euro, apart from the per capita values which are expressed in euro. All the employment variables are counting number of persons.

The data of regional accounts are revised following the revisions of annual national accounts data. Additionally, they are revised when the primary data used for their compilation is revised.

The classification NACE Rev2 is applied for the breakdown of economic activities. Data are published at the level of 10 industries (A10).

All industries of economic activity are covered.

For the classification per territorial unit (geographical breakdown) the nomenclature NUTS is applied and specifically levels 0: total of the country, 1: greater geographical area, 2: region, 3: prefecture.

Regional accounts data are published in January of each year (t) referring to the data of the year t-2.

More information on the methodology concerning the compilation and calculation of Regional accounts is available on the ELSTAT website:

http://www.statistics.gr/en/statistics/-/publication/SEL45/-

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