Greece Q3 GDP Growth Hits Strongest This Year

Greece’s economy expanded 0.8% quarter-on-quarter in Q4 2025 from an upwardly revised 0.7% gain in the previous quarter and marking the strongest quarterly growth since Q2 2024. The expansion was driven largely by faster growth in household consumption (0.8% vs 0.4% in Q3) and gross fixed capital formation (4.3% vs 3.9%), alongside a smaller decline in government spending (-0.4% vs -0.8%). However, net external demand weighed on GDP as imports surged (3.7% vs -1.5%), outpacing the more modest rise in exports (1% vs 0.4%). On an annual basis, Greece’s GDP grew by 2.4% in Q4, surpassing the upwardly revised 2.1% growth in the preceding quarter.

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.