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

The Greek economy expanded 0.5 percent on quarter in the three months to June of 2017, the same pace as in the previous period. Growth was driven by government consumption (6.5 percent from -1.2 percent in Q1) and net trade, as exports jumped 3.8 percent (-1.8 percent in Q1) while imports fell 3.7 percent (4.9 percent in Q1). By contrast, household consumption contracted 0.1 percent (0.2 percent in Q1) and fixed investment shrank 4.5 percent (-1 percent in Q1). Compared with the same quarter of 2016, the GDP grew 0.8 percent, following an increase of 0.4 percent in the previous period. GDP Growth Rate in Greece averaged 0.20 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 -4.80 percent in the first quarter of 2009.

Greece GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-05-15 09:00 AM GDP Growth Rate QoQ Prel -0.1% -1.2% -0.4%
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 0.5% 0.3%


Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.50 0.50 3.20 -4.80 percent [+]
GDP Annual Growth Rate 0.80 0.40 6.80 -10.20 percent [+]
GDP 194.56 194.86 354.46 4.45 USD Billion [+]
GDP Constant Prices 47122.00 42827.30 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5127.90 5415.31 17203.77 4532.35 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 1687.65 1584.73 2120.17 1282.17 EUR Million [+]
GDP From Construction 867.76 603.93 4414.47 603.93 EUR Million [+]
GDP From Mining 5163.09 4763.76 7566.45 4352.69 EUR Million [+]
GDP From Public Administration 9041.65 9266.54 11582.88 7607.63 EUR Million [+]
GDP From Services 9663.65 7545.09 17098.90 6942.63 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 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.50 0.50 3.20 -4.80 1995 - 2017 percent Quarterly
Constant Prices 2010, SA




gdp growth rate by Country

Last
Indonesia 4.00 Jun/17
United States 3.10 Jun/17
Turkey 2.10 Jun/17
China 1.70 Jun/17
Netherlands 1.50 Jun/17
India 1.40 Jun/17
Canada 1.10 Jun/17
Russia 1.08 Jun/17
Spain 0.90 Jun/17
Australia 0.80 Jun/17
Euro Area 0.60 Jun/17
Germany 0.60 Jun/17
Japan 0.60 Jun/17
Mexico 0.60 Jun/17
South Korea 0.60 Jun/17
France 0.50 Jun/17
Italy 0.40 Jun/17
Switzerland 0.30 Jun/17
United Kingdom 0.30 Jun/17
Brazil 0.20 Jun/17