{"id":141851,"date":"2025-10-24T02:56:22","date_gmt":"2025-10-24T02:56:22","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/141851\/"},"modified":"2025-10-24T02:56:22","modified_gmt":"2025-10-24T02:56:22","slug":"households-spent-4-bln-euros-more-than-earned-in-2024","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/141851\/","title":{"rendered":"Households spent 4 bln euros more than earned in 2024"},"content":{"rendered":"<p>                            <img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/super_market_milk_consumers_inflation_shutterstock.jpg\" alt=\"Households spent 4 bln euros more than earned in 2024\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2025\/09\/super_market_milk_consumers_inflation_shutterstock.jpg\"\/><\/p>\n<p>Household disposable income increased by 4.5% in 2024, as according to Hellenic Statistical Authority (ELSTAT) data released on Thursday it stood at 158.6 billion euros, from \u20ac151.7 billion in 2023.<\/p>\n<p>Final consumption expenditure of households and non-profit institutions serving households increased by 4.6% in 2024 compared to 2023, i.e. from \u20ac155.4 billion euros to \u20ac162.6 billion euros.<\/p>\n<p>This means that last year consumers in Greece spent \u20ac4 billion more than they earned, either by resorting to their savings or through the illegal economy.<\/p>\n<p>The household savings rate (gross savings to gross disposable income) was negative in 2024, at -2.5% compared to -2.4% in 2023.<\/p>\n<p>Furthermore, according to ELSTAT data, the evolution of the investment rate of the non-financial corporations sector \u2013 defined as the ratio of gross fixed capital formation to gross value added \u2013 was 25.2% in 2024 compared to 25.1% in 2023.<\/p>\n<p>Also, in 2024 there was a deficit recorded in the external balance of goods and services amounting to \u20ac13.1 billion, compared to a deficit of \u20ac10.8 billion in 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"Household disposable income increased by 4.5% in 2024, as according to Hellenic Statistical Authority (ELSTAT) data released on&hellip;\n","protected":false},"author":2,"featured_media":38167,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[79,179,18,19,17],"class_list":{"0":"post-141851","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-eire","11":"tag-ie","12":"tag-ireland"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115426897702732781","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/141851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=141851"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/141851\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/38167"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=141851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=141851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=141851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}