Greece GDP Stalls in Q1

Greece’s economy expanded 0.6% quarter-on-quarter in Q3 2025, following a downwardly revised 0.4% gain in the previous quarter, marking the strongest quarterly growth since Q4 2024. The acceleration was mainly driven by faster growth in final consumption expenditure (0.6% vs 0.5% in Q2), led by government spending (0.2% vs 0.0%), while household consumption remained stable at 0.7%. However, gross fixed capital formation slowed (3.5% vs 8.7%), while net external demand weakened due to slower export growth (0.2% vs 0.7% in Q2) alongside a sharper decline in imports (-1.6% vs -1.1%). On an annual basis, Greece’s GDP rose 2.0% in Q3 2025, surpassing the downwardly revised 1.6% growth in Q2 2025.

Greece’s economy expanded by 0.6% quarter-on-quarter in the second quarter of 2025, following an upwardly revised 0.1% growth in the previous quarter. This marked the strongest economic expansion since Q2 2024, primarily driven by a positive contribution from net external demand, as exports rebounded (1.3% vs -0.6% in Q1) while imports declined (-0.9% vs 0.4%). At the same time, gross fixed capital formation recovered sharply (7.4% vs -5%). However, final consumption expenditure slightly weighed on overall GDP (-0.1% vs 1.1%), as household consumption fell (-0.2% vs 1.2%) despite a rebound in government spending (2.4% vs -1.8%). On an annual basis, Greece’s GDP grew by 1.7% in Q2 2025, slightly below the downwardly revised 1.8% growth recorded in the previous quarter.

Greece’s economy stalled on a quarterly basis in the first quarter of 2025, following a downwardly revised 0.8% expansion in the previous three-month period. The stagnation was largely attributed to a negative contribution from net external demand, as exports declined by 0.9% (vs +0.3% in Q4 2024), while imports increased by 0.7% (vs a -1.7%). Additionally, fixed investments contracted sharply by 6.1% (vs 3.7%), and government spending also dropped by 1.1% (vs +1.1%). Meanwhile, household consumption showed signs of recovery, rising 1.3% following a 0.1% decline in the previous quarter. On an annual basis, Greece’s GDP grew by 2.2% in Q1 2025, slowing from a downwardly revised 2.5% expansion in the preceding quarter.