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

The Greek economy advanced 0.1 percent on quarter in the last three months of 2017, following an upwardly revised 0.4 percent rise in the previous period. It is the lowest expansion since the last three months of 2016 when the economy shrank 0.4 percent. Gross fixed capital formation jumped 27.8 percent, following a 3.1 percent drop in the previous three months and was the only driver of the growth. On the other hand, household spending (-0.4 percent compared to -0.5 percent); government expenditure (-1.8 percent compared to 2 percent); and exports (-2.3 percent compared to 4.8 percent) decreased and imports rose 1.7 percent (0.8 percent in the previous quarter). Year-on-year, the economy expanded 1.9 percent, following an upwardly revised 1.4 percent growth in Q3. Considering full 2017, the economy expanded an unadjusted 1.4 percent after stalling in 2016. 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
2017-09-01 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 0.1% 0.4% 0.5%
2018-06-04 09:00 AM GDP Growth Rate QoQ 0.1% 0.40%
2018-09-03 09:00 AM GDP Growth Rate QoQ 0.40%
2018-12-04 10:00 AM GDP Growth Rate QoQ 0.40%


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 0.40 3.20 -4.70 percent [+]
GDP Annual Growth Rate 1.90 1.40 6.80 -10.30 percent [+]
GDP 194.56 194.86 354.46 4.45 USD Billion [+]
GDP Constant Prices 46797.60 49856.40 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 6857.30 5366.15 17204.13 4802.72 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 1608.08 1479.70 2120.17 1282.17 EUR Million [+]
GDP From Construction 1908.43 1201.77 4414.46 678.92 EUR Million [+]
GDP From Mining 5202.44 5670.89 7566.45 4306.65 EUR Million [+]
GDP From Public Administration 9052.77 8967.14 11582.86 7607.63 EUR Million [+]
GDP From Services 7768.25 11107.91 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.40 3.20 -4.70 1995 - 2017 percent Quarterly
Constant Prices 2010, SA




GDP growth rate by Country
Country Last
United States 2.90 Dec/17
India 1.80 Dec/17
Turkey 1.80 Dec/17
China 1.40 Mar/18
Mexico 0.80 Dec/17
Netherlands 0.80 Dec/17
France 0.70 Dec/17
Spain 0.70 Dec/17
Euro Area 0.60 Dec/17
Germany 0.60 Dec/17
Switzerland 0.60 Dec/17
Australia 0.40 Dec/17
Canada 0.40 Dec/17
Japan 0.40 Dec/17
United Kingdom 0.40 Dec/17
Italy 0.30 Dec/17
Brazil 0.10 Dec/17
South Korea -0.20 Dec/17
Russia -0.38 Dec/17
Indonesia -1.70 Dec/17


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