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

The Greek gross domestic product advanced 0.8 percent on quarter in the first three months of 2018, following an upwardly revised 0.2 percent increase in the previous period. Household spending rebounded (0.3 percent from -0.2 percent in Q4 2017) and government expenditure decreased at a softer pace (-1.7 percent from -1.9 percent). Also, exports rose 1.4 percent (-2.3 percent in the previous quarter) and imports fell 2.7 percent (1.7 percent in the previous quarter). On the other hand, fixed investment slumped 28.1 percent (+39.4 percent in Q4). Compared with a year earlier, the economy expanded by 2.3 percent, the most in a decade, up from an upwardly revised 2 percent growth in the last quarter of 2017. GDP Growth Rate in Greece averaged 0.21 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
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 0.8% 0.2% 0.4%
2018-09-03 09:00 AM GDP Growth Rate QoQ 0.8% 0.2%
2018-12-04 10:00 AM GDP Growth Rate QoQ 0.3%


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.20 3.20 -4.70 percent [+]
GDP Annual Growth Rate 2.30 2.00 6.80 -10.30 percent [+]
GDP 200.29 192.69 354.46 4.45 USD Billion [+]
GDP Constant Prices 44129.40 46797.60 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5133.00 6857.30 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 1743.30 1608.08 2120.17 1282.17 EUR Million [+]
GDP From Construction 788.04 1908.43 4414.46 678.92 EUR Million [+]
GDP From Mining 5208.96 5202.44 7566.45 4306.65 EUR Million [+]
GDP From Public Administration 9195.39 9052.77 11582.86 7607.63 EUR Million [+]
GDP From Services 7259.48 7768.25 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 August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.20 3.20 -4.70 1995 - 2018 percent Quarterly
Constant Prices 2010, SA




GDP growth rate by Country
Country Last
Indonesia 4.21 Jun/18
United States 4.10 Jun/18
Turkey 2.00 Mar/18
India 1.90 Mar/18
China 1.80 Jun/18
Australia 1.00 Mar/18
Russia 0.85 Mar/18
Netherlands 0.70 Jun/18
South Korea 0.70 Jun/18
Spain 0.60 Jun/18
Switzerland 0.60 Mar/18
Germany 0.50 Jun/18
Japan 0.50 Jun/18
Brazil 0.40 Mar/18
Euro Area 0.40 Jun/18
United Kingdom 0.40 Jun/18
Canada 0.30 Mar/18
France 0.20 Jun/18
Italy 0.20 Jun/18
Mexico -0.10 Jun/18


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