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

The Greek economy advanced 0.3 percent on quarter in the three months to September of 2017, easing from an upwardly revised 0.8 percent expansion in the previous period. It was the slowest growth since the fourth quarter of 2016 when economy contracted 0.5 percent. Government consumption rose 0.9 percent (2 percent in Q2) and net trade contributed positively to growth, as exports advanced 5 percent (4 percent in Q2), mainly services exports linked to tourism; whereas imports went up only 0.4 percent (-2.1 percent in Q2). In contrast, household expenditure fell 0.3 percent (-0.1 percent in Q2) and fixed investment contracted 6.1 percent (-5.2 percent in Q2). Compared with the same quarter of 2016, the GDP grew 1.3 percent, following an upwardly revised 1.6 percent increase in the previous period and above market expectations of 1 percent. GDP Growth Rate in Greece averaged 0.21 percent from 1995 until 2017, reaching an all time high of 3.20 percent in the first quarter of 2006 and a record low of -4.70 percent in the first quarter of 2009.

Greece GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-02 09:15 AM GDP Growth Rate QoQ Final 0.4% -1.1% -0.1% -0.1%
2017-09-01 09:00 AM GDP Growth Rate QoQ 0.5% 0.5% 0.1%
2017-12-04 10:00 AM GDP Growth Rate QoQ 0.3% 0.8% 0.3%
2018-03-05 10:00 AM GDP Growth Rate QoQ 0.3%
2018-06-04 09:00 AM GDP Growth Rate QoQ
2018-09-03 09:00 AM GDP Growth Rate QoQ


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.30 0.80 3.20 -4.70 percent [+]
GDP Annual Growth Rate 1.30 1.60 6.80 -10.30 percent [+]
GDP 194.56 194.86 354.46 4.45 USD Billion [+]
GDP Constant Prices 49772.20 47363.10 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5106.05 5437.47 17204.13 4766.87 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 1479.70 1636.99 2120.17 1282.17 EUR Million [+]
GDP From Construction 1201.77 965.40 4414.46 678.92 EUR Million [+]
GDP From Mining 5651.08 5439.88 7566.45 4306.65 EUR Million [+]
GDP From Public Administration 8903.98 8999.31 11582.86 7607.63 EUR Million [+]
GDP From Services 11105.16 9043.62 17098.91 6899.10 EUR Million [+]


Greece GDP Growth Rate

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.30 0.80 3.20 -4.70 1995 - 2017 percent Quarterly
Constant Prices 2010, SA




GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17