Greece GDP Annual Growth Rate  1996-2017 | Data | Chart | Calendar

Greece's economy contracted by an annual 0.5 percent in the first quarter of 2017, following 1.1 percent fall in the previous period and worse than market expectations of 0.2 percent growth, according to preliminary estimates. GDP Annual Growth Rate in Greece averaged 0.82 percent from 1996 until 2016, reaching an all time high of 6.80 percent in the fourth quarter of 2003 and a record low of -10.20 percent in the first quarter of 2011.

Greece GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-02-14 10:00 AM Q4 0.3% 2.2% 0.9% -0.4%
2017-03-06 10:00 AM Q4 -1.1% 2% 0.3% 0.3%
2017-05-15 09:00 AM Q1 -0.5% -1.1% 0.2% -0.2%
2017-06-02 09:00 AM Q1 -1.1% -0.5% -0.5%
2017-08-14 09:00 AM Q2 0.5%
2017-09-01 09:00 AM Q2 0.5%




Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.10 -1.20 3.20 -4.80 percent [+]
GDP Annual Growth Rate -0.50 -1.10 6.80 -10.20 percent [+]
GDP 194.85 236.08 354.46 4.45 USD Billion [+]
GDP Constant Prices 42352.00 45855.20 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5444.91 5437.89 17203.77 4532.35 EUR Million [+]
GDP per capita 22579.40 22480.35 30056.68 6780.29 USD [+]
GDP per capita PPP 24094.79 23989.14 32073.96 20600.48 USD [+]
GDP From Agriculture 1679.07 1625.49 2120.17 1282.17 EUR Million [+]
GDP From Construction 1579.64 1331.66 4414.47 773.20 EUR Million [+]
GDP From Mining 4707.04 4912.57 7566.45 4352.69 EUR Million [+]
GDP From Public Administration 9197.78 9013.80 11582.88 7607.63 EUR Million [+]
GDP From Services 8356.31 11707.84 17098.90 6942.63 EUR Million [+]


Greece GDP Annual Growth Rate Notes

After six years of deep recession, during which Greek GDP contracted by more than 25 percent, in 2014 the economy expended 0.8 percent, driven by higher exports of goods and services and increased private consumption. Nevertheless, compared to 2008, the gross fixed capital formation contracted by 64 percent; the public spending declined by 28 percent; the private consumption went down by 23 percent; and employment shrank by 20 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 72 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (12 percent). Exports of goods and services account for 33 percent of GDP while imports account for 35 percent, subtracting 2 percent of total GDP. This page provides the latest reported value for - Greece GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.50 -1.10 6.80 -10.20 1996 - 2017 percent Quarterly
Constant Prices 2010, SA



gdp annual growth rate by Country

Last
India 7.00 Dec/16
China 6.90 Mar/17
Indonesia 5.01 Mar/17
Turkey 3.50 Dec/16
Netherlands 3.40 Mar/17
Spain 3.00 Mar/17
Mexico 2.80 Mar/17
South Korea 2.70 Mar/17
Australia 2.40 Dec/16
United Kingdom 2.00 Mar/17
United States 2.00 Mar/17
Canada 1.90 Dec/16
Euro Area 1.70 Mar/17
Germany 1.70 Mar/17
Japan 1.60 Mar/17
France 0.80 Mar/17
Italy 0.80 Mar/17
Switzerland 0.60 Dec/16
Russia 0.50 Mar/17
Brazil -2.50 Dec/16