Greece GDP Growth Rate  1995-2017 | Data | Chart | Calendar | Forecast

The Greek economy expanded 0.4 percent on quarter in the first quarter of 2017, higher than preliminary estimates of 0.1 percent contraction and following a downwardly revised 1.1 percent drop in the previous period. Growth was driven by consumer spending (0.4 percent from 0.3 percent in Q4 of 2016) and government consumption (1.3 percent from -1.9 percent). In contrast, investments shrank 0.4 percent (from 0.1 percent). Net external demand contributed negatively, as exports contracted 2.3 percent (from -2 percent) while imports went up 4.5 percent (from 5 percent). Compared with the same quarter of 2016, the GDP advanced 0.4 percent, compared with preliminary estimates of 0.5 percent fall and following a downwardly revised 1 percent contraction in the previous period. GDP Growth Rate in Greece averaged 0.19 percent from 1995 until 2016, reaching an all time high of 3.20 percent in the first quarter of 2006 and a record low of -4.80 percent in the first quarter of 2009.

Greece GDP Growth Rate
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-03-06 10:00 AM Q4 -1.2% 0.6% -0.4% -0.4%
2017-05-15 09:00 AM Q1 -0.1% -1.2% -0.4%
2017-06-02 09:15 AM Q1 0.4% -1.1% -0.1% -0.1%
2017-08-14 09:00 AM Q2 0.4% 0.1%
2017-09-01 09:00 AM Q2 0.4% 0.1%
2017-11-14 10:00 AM Q3 0.3%




Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.40 -1.10 3.20 -4.80 percent [+]
GDP Annual Growth Rate 0.40 -1.00 6.80 -10.20 percent [+]
GDP 194.56 194.86 354.46 4.45 USD Billion [+]
GDP Constant Prices 42827.30 45855.20 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5415.31 5444.91 17203.77 4532.35 EUR Million [+]
GDP per capita 22736.46 22578.02 30054.89 6779.89 USD [+]
GDP per capita PPP 24263.88 24094.79 32073.96 20600.48 USD [+]
GDP From Agriculture 1584.73 1679.07 2120.17 1282.17 EUR Million [+]
GDP From Construction 603.93 1579.64 4414.47 603.93 EUR Million [+]
GDP From Mining 4763.76 4707.04 7566.45 4352.69 EUR Million [+]
GDP From Public Administration 9266.54 9197.78 11582.88 7607.63 EUR Million [+]
GDP From Services 7545.09 8356.31 17098.90 6942.63 EUR Million [+]


Greece GDP Growth Rate Notes

Greece has a service based economy and is one of the top tourist destinations in the world. Following the entry to the European Union in 1980 and the Euro Area in 2000, the Greek economy had been recording high rates of growth. Yet, as this expansion had been fueled mainly by the access to cheap credit and growth of public sector, in 2008 the budget deficit and sovereign debt reached unsustainable levels. As a result, Greece faced the worst crisis since 1974 and tough reforms enforced by the IMF and the European Commission as part of the bailout programme are taking place. This page provides the latest reported value for - Greece GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on July of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.40 -1.10 3.20 -4.80 1995 - 2017 percent Quarterly
Constant Prices 2010, SA



gdp growth rate by Country

Last
China 1.70 Jun/17
India 1.50 Mar/17
Turkey 1.40 Mar/17
United States 1.40 Mar/17
South Korea 1.10 Mar/17
Brazil 1.00 Mar/17
Canada 0.90 Mar/17
Spain 0.80 Mar/17
Mexico 0.70 Mar/17
Euro Area 0.60 Mar/17
Germany 0.60 Mar/17
France 0.50 Mar/17
Italy 0.40 Mar/17
Netherlands 0.40 Mar/17
Australia 0.30 Mar/17
Japan 0.30 Mar/17
Switzerland 0.30 Mar/17
United Kingdom 0.20 Mar/17
Indonesia -0.34 Mar/17
Russia -0.57 Sep/15