The Gross Domestic Product (GDP) in Greece expanded 16.20 percent in the second quarter of 2021 over the same quarter of the previous year. source: National Statistical Service of Greece

GDP Annual Growth Rate in Greece averaged 0.65 percent from 1996 until 2021, reaching an all time high of 16.20 percent in the second quarter of 2021 and a record low of -13.90 percent in the second quarter of 2020. 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 September of 2021.

GDP Annual Growth Rate in Greece is expected to be 8.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece GDP Annual Growth Rate is projected to trend around 3.60 percent in 2022 and 2.70 percent in 2023, according to our econometric models.

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Greece GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
16.20 -2.30 16.20 -13.90 1996 - 2021 percent Quarterly
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Calendar GMT Actual Previous Consensus TEForecast
2020-12-04 10:00 AM Q3 -11.7% -14.2% -8.7%
2021-03-05 10:00 AM Q4 -7.9% -10.5% -12%
2021-06-04 09:00 AM Q1 -2.3% -6.9% -7.6%
2021-09-07 09:00 AM Q2 16.2% -2.3% 12.6%
2021-12-06 10:00 AM Q3 16.2% 8.2%
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Greece GDP Annual Growth Rate
In Greece, 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.