Greece’s economy expanded by 1 percent on quarter in the three months to September 2018, easing from an upwardly revised 0.4 percent growth in the previous period. It was the fastest pace of expansion since the second quarter of 2017, driven by government spending (2.4 percent from -1.9 percent in Q2). On the other hand, household consumption contracted (-0.1 percent from 0.6 percent) and fixed investment shrank (-14.5 percent from 17.7 percent). In addition, net external demand contributed negatively to the expansion, as imports jumped 7.5 percent (from 5.3 percent in Q2) and exports rose 2.8 percent (from 3.6 percent in Q2). Year-on-year, gross domestic product advanced 2.2 percent, after a downwardly revised 1.7 percent gain in the second quarter. GDP Growth Rate in Greece averaged 0.23 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 -4.80 percent in the first quarter of 2009.

GDP Growth Rate in Greece is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Greece to stand at 0.50 in 12 months time. In the long-term, the Greece GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.

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 1% 0.4% 0.3%
2019-03-05 10:00 AM GDP Growth Rate QoQ 1% 0.50%
2019-06-04 09:00 AM GDP Growth Rate QoQ 0.60%
2019-09-03 09:00 AM GDP Growth Rate QoQ 0.50%


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 1.00 0.40 3.20 -4.80 percent [+]
GDP Annual Growth Rate 2.20 1.70 6.80 -10.20 percent [+]
GDP 200.29 192.69 354.46 4.45 USD Billion [+]
GDP Constant Prices 51452.00 47961.00 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5171.00 5143.23 17204.14 4766.16 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 1945.77 1703.71 2120.17 1282.17 EUR Million [+]
GDP From Construction 1292.00 1061.00 4414.46 678.92 EUR Million [+]
GDP From Mining 5151.52 5679.63 7566.45 4306.65 EUR Million [+]
GDP From Public Administration 8970.13 9197.30 11582.86 7607.63 EUR Million [+]
GDP From Services 12300.17 9353.98 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 2018.

Actual Previous Highest Lowest Dates Unit Frequency
1.00 0.40 3.20 -4.80 1995 - 2018 percent Quarterly
Constant Prices 2010, SA




Country Last Previous
United States 3.50 Sep/18
Indonesia 3.09 Sep/18
Singapore 3.00 Sep/18
South Africa 2.20 Sep/18
India 1.90 Jun/18
China 1.60 Sep/18
Russia 0.90 Jun/18
Brazil 0.80 Sep/18
Mexico 0.80 Sep/18
South Korea 0.60 Sep/18
Spain 0.60 Sep/18
United Kingdom 0.60 Sep/18
Canada 0.50 Sep/18
France 0.40 Sep/18
Australia 0.30 Sep/18
Euro Area 0.20 Sep/18
Netherlands 0.20 Sep/18
Saudi Arabia -0.05 Mar/18
Italy -0.10 Sep/18
Germany -0.20 Sep/18
Switzerland -0.20 Sep/18
Japan -0.60 Sep/18
Turkey -1.10 Sep/18
Argentina -4.00 Jun/18


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