Ministry of Finance: Greece first in increasing real GDP per capita in Europe

Data for 2023 reported (a) in real GDP per capita (Real GDP per capita) and (b) in per capita in purchasing power plants (GDP per capita in PPS) were published by the European Commission, as reported in a communication by the Ministry of Finance ( ). HYMIC points out that, in terms of the first size (real GDP per capita), this takes into account inflation and for 2023 shows Greece a growth champion in the European Union with a performance of 2.5% (from 18690 euros in 2022 to 19150 euros in 2023 at constant 2010 prices). In the same year, the actual income per capita in the European Union remained stagnant (precisely a marginal decrease). Overall, in 2019–2023 the actual per capita disposable income in Greece is rising at a rate of more than twice the European average (2.1% versus 1%), and during the period following the outbreak of the pandemic (2021–2023) the difference is even greater (5.9% average increase in Greece versus 3.1% in the European Union). In terms of total (cumulative) growth, in 2019–2023 real Greek per capita GDP has increased by 9.9%, more than twice the European Union average (4.8%). With regard to the last three years (2021-2023), which followed the year 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 the European Union), again more than twice the European average (9.4%). The difference in the positive performance of our country over the last five years is in total contrast to the extremely negative performance of our country during the period of SYRIZA governance. In particular, in 2015-2018, Greece was penultimate in the increase in real per capita income in the European Union of 27, with an average annual increase of 0.9%, compared to a more than double rate (1.9%) of the European average. As far as the cumulative increase in per capita income in 2015-2018 is concerned, this was again the second lowest in Europe of 27 with a rate of 3.6%, compared to an over-double increase in the European average of 8.6%. As far as GDP per head in purchasing power plants is concerned, Syriza received it (at the end of 2014) at 72 % of the EU and delivered it in 2019 below 66 %. From 2019 to 2023 GDP per head in purchasing power plants increased to 67 % despite the intervention of the pandemic and war in Ukraine. Numbers speak for themselves and do not need much explanation. Under New Democracy rule, real per capita income grows at a rate more than twice that of the European Union. Instead, on Syriza, exactly the opposite was happening. And of course, in New Democracy the real per capita income has increased significantly over the last five years (amid a pandemic, an international energy crisis and a low European economic growth) with an average annual increase more than twice the years that Syriza ruled, and which were years of great European growth. In short, the evidence shows that Greece is a champion of real per capita income growth in difficult times, while in Syriza it was a great assortment of Europe in years easily. And this happened, because despite the major, successive exogenous crises, New Democracy has been implementing an effective economic policy, as reflected in the increase in employment by about 367 thousand new jobs from June 2019 to December 2023, and the real wage increase in the private sector of the economy over the last four years by 6.1%, while reducing insurance contributions, income tax and property taxation. It is therefore a real nerve, those who, with their unbreakable policy, played the country’s luck in the dice, those who consolidated the employment and incomes of the Greek women and Greeks, those who broke the country’s international prestige, doing so in which they were loudly disapproved in successive election contests to abandon the government of progress, development and international credibility for “a sad reality”. And because in SYRIZA they obviously do not read the figures and talk about ‘tax revenue figures, due to the inflationary increase in consumption taxes’, we inform them that tax revenues in Greece increased by 11.6% in 2023 (from 55.2 billion to 61.6 billion in 2023), with regard to excise taxes, while VAT revenues increased by 9.2% and excise revenue increased by 0.5%. In the same year, IMF inflation in Greece was 3.5%. So whoever wants to do their calculations! And above all to make their calculations those who by their announcement remind Greeks and Greek women that by reducing taxes by the New Democracy government, the state collects more revenue in both nominal and real terms. This is the definition of increased economic growth, so we thank them for the indirect but clear assumption of our successful economic policy.