Greece's economic growth slowed to 1.0 percent year-on-year in the fourth quarter of 2019 from 2.3 percent in the previous three-month period. That was the weakest pace of expansion since the first quarter of 2017. Considering 2019 full year, the economy grew by 1.9 percent, the same pace as in 2018.
GDP Annual Growth Rate in Greece averaged 0.94 percent from 1996 until 2019, reaching an all time high of 6.80 percent in the fourth quarter of 2003 and a record low of -10.30 percent in the first quarter of 2011. 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 - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020.
GDP Annual Growth Rate in Greece is expected to be -12.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Greece to stand at -2.60 in 12 months time. In the long-term, the Greece GDP Annual Growth Rate is projected to trend around 6.20 percent in 2021 and 2.20 percent in 2022, according to our econometric models.