Greece GDP Growth at 2-1/2-Year Low

Greece’s economy expanded by 0.2% quarter-on-quarter in Q1 2026, marking a slowdown from a downwardly revised 0.7% growth in the previous period. This was the weakest growth rate since a 0.3% contraction observed in Q3 2023, as household consumption stalled (vs 0.7% in Q4) and fixed investment dropped (-2.5% vs 3.3%). Meanwhile, government spending rebounded (2.4% vs -0.3%) and net external demand contributed positively to the GDP, as exports increased (0.3% vs 0.9%) whereas imports fell (-0.6% vs 3.6%). On an annual basis, the GDP increased by 2%, following a downwardly revised 2.3% expansion in the preceding quarter.

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.