The latest household income and living conditions survey conducted in 2023 by Greece’s statistics authority, ELSTAT, indicates that Greece has witnessed a 2.4-percentage point decline in an economic inequality index since 2015, with the reference income period set in 2022.
Additionally, in 2023, the Gini coefficient rose to 31.8%, up by 0.4 percentage points from 2022. This means that if two individuals are randomly selected from the population, their incomes are expected to differ by 31.8% of the mean equivalent disposable income.
Income distribution data in quartiles show the percentage of total national equivalent income held by each of the four equal segments of the population. Specifically, by ranking individuals based on income and dividing the population into four equal parts, we obtain the following results:
• The lowest-income quarter of population now holds 10.4% of the total national equivalent disposable income, marking a 0.1 percentage point increase from 2022.
• The highest-income quartile, representing 25% of the population, now holds 45.7% of the total national equivalent of disposable income, up by 0.4 percentage points from 2022.
• Half of the population in the middle-income quartiles hold 44% of the national disposable income, down by 0.4 percentage points from 2022.
• The highest individual annual equivalent income for the first quartile amounts to 7,030 euros
• The lowest individual annual equivalent income for the 4th quartile amounts to 13,850 euros.
