Greek households’ gross disposable income fell 2.5% in January-March from the prior quarter, while eurozone income rose 0.7% and EU income 0.9%.
A 3.7-percentage-point drop in Greece’s savings rate and a 0.7-point fall in its household investment rate were the steepest declines among EU countries with available data, as inflation pressures squeezed budgets.
Consumer spending still increased in Greece, outpacing both the eurozone and EU averages, suggesting households were drawing down savings while also absorbing higher prices.
Gross fixed capital formation in Greece dropped 11.8% quarter on quarter—the largest fall in the EU sample—highlighting a broader pullback in home purchases, renovations and other household investment.