Greece GDP Growth Rate  1995-2018 | Data | Chart | Calendar | Forecast

Greece's economy grew by 0.2 percent on quarter in the three months of June 2018, easing from an upwardly revised 0.9 percent expansion in the previous period. Household consumption was the main driver of growth (0.6 percent vs 0.5 percent in Q1), while fixed investment stalled (vs -28 percent in Q1) and government spending contracted (-0.2 percent vs -1.8 percent). In addition, net external demand contributed negatively to the expansion, as imports jumped 4.8 percent (vs -2.8 percent in Q1) and exports increased at a slower 3.9 percent (vs 1.8 percent in Q1). Year-on-year, the economy grew by 1.8 percent, after a 2.5 percent advance in the previous three-month period. GDP Growth Rate in Greece averaged 0.22 percent from 1995 until 2018, 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
2018-03-05 10:00 AM GDP Growth Rate QoQ 0.1% 0.4% 0.5%
2018-06-04 09:00 AM GDP Growth Rate QoQ 0.8% 0.2% 0.4%
2018-09-03 09:00 AM GDP Growth Rate QoQ 0.2% 0.9% 0.4%
2018-12-04 10:00 AM GDP Growth Rate QoQ 0.2% 0.3%


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.20 0.90 3.20 -4.70 percent [+]
GDP Annual Growth Rate 1.80 2.50 6.80 -10.30 percent [+]
GDP 200.29 192.69 354.46 4.45 USD Billion [+]
GDP Constant Prices 48178.40 44239.50 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5143.23 5141.23 17204.13 4802.72 EUR Million [+]
GDP per capita 23027.41 22687.60 30054.89 6779.89 USD [+]
GDP per capita PPP 24574.38 24211.74 32073.96 20600.48 USD [+]
GDP From Agriculture 1703.71 1737.17 2120.17 1282.17 EUR Million [+]
GDP From Construction 1061.00 788.04 4414.46 678.92 EUR Million [+]
GDP From Mining 5679.63 5208.96 7566.45 4306.65 EUR Million [+]
GDP From Public Administration 9197.30 9195.39 11582.86 7607.63 EUR Million [+]
GDP From Services 9353.98 7259.48 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.90 3.20 -4.70 1995 - 2018 percent Quarterly
Constant Prices 2010, SA




GDP growth rate by Country
Country Last
Singapore 4.70 Sep/18
Indonesia 4.21 Jun/18
United States 4.20 Jun/18
India 1.90 Jun/18
China 1.80 Jun/18
Australia 0.90 Jun/18
Russia 0.90 Jun/18
Turkey 0.90 Jun/18
Netherlands 0.80 Jun/18
Canada 0.70 Jun/18
Japan 0.70 Jun/18
Switzerland 0.70 Jun/18
South Korea 0.60 Jun/18
Spain 0.60 Jun/18
Germany 0.50 Jun/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Brazil 0.20 Jun/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Saudi Arabia -0.05 Mar/18
Mexico -0.20 Jun/18
South Africa -0.70 Jun/18
Argentina -4.00 Jun/18


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