The Gross Domestic Product (GDP) in Greece expanded 0.60 percent in the second quarter of 2025 over the previous quarter. This dataset provides the latest reported value for - Greece GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic depicts Greece's gross domestic product (GDP) growth rate from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, Greece's real GDP increased by about 2.27 percent compared to the previous year. Greece's national finances Greece is viewed as a high-income economy and experienced high economic and social growth and development between the 1950s and the 1970s, which was the highest rate in the world only behind Japan. However, due to the Great Recession in 2009 as well as the Greek government-debt crisis, Greek experienced severe hits to its already somewhat struggling economy. From the mid to late 2000s, national debt escalated severely but has, since 2012, remained relatively stable, primarily due to several debt restructuring deals as well as stimulus packages from countries within the EU. Different forms of financial aid were offered to Greece from countries within the European Union in order to help maintain the country from going completely dysfunctional to the point that Greece would no longer be able to pay back its debts. Greece’s economy primarily strives in the service sector and benefits exceptionally from its tourist industry. However, due to a failing tourist industry as well as struggles with properly managing imports and exports, struggles within the country are further increasing. More competent leadership, cutting costs as well as new structural reforms are necessary in order to slowly bring Greece back to an economically stable country.

The Gross Domestic Product (GDP) in Greece expanded 1.70 percent in the second quarter of 2025 over the same quarter of the previous year. This dataset 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.

Full Year GDP Growth in Greece remained unchanged at 2.30 percent in 2024 from 2.30 percent in 2023. This dataset includes a chart with historical data for Greece Full Year GDP Growth.

The gross domestic product (GDP) in current prices in Greece stood at about 257.07 billion U.S. dollars in 2024. Between 1980 and 2024, the GDP rose by approximately 200.85 billion U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP will steadily rise by around 62.45 billion U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product at current prices. The values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.

Key information about Greece Real GDP Growth

• The Gross Domestic Product (GDP) in Greece expanded 5.2 % YoY in Dec 2022, following a growth of 4.4 % in the previous quarter.
• Real GDP Growth YoY data in Greece is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.1 %.
• The data reached an all-time high of 14.6 % in Jun 2021 and a record low of -15.6 % in Jun 2020.

CEIC calculates Real GDP Growth from quarterly Real GDP. Hellenic Statistical Authority provides Real GDP in EUR, at chain linked 2015 prices. Real GDP Growth prior to Q1 2011 is calculated from Real GDP at chain linked 2010 prices.


Related information about Greece Real GDP Growth

• In the latest reports, Nominal GDP of Greece reached 54.3 USD bn in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 5.1 % in Dec 2022.
• GDP Per Capita in Greece reached 20,192.5 USD in Dec 2021.
• Its Gross Savings Rate was measured at 8.1 % in Dec 2022.
• For Nominal GDP contributions, Investment accounted for 24.3 % in Dec 2022.
• Public Consumption accounted for 20.7 % in Dec 2022.
• Private Consumption accounted for 71.2 % in Dec 2022.

Key information about Greece Nominal GDP Growth

• Greece Nominal GDP Growth was reported at 5.578 % in Dec 2024.
• This records an increase from the previous number of 5.569 % for Sep 2024.
• Greece Nominal GDP Growth data is updated quarterly, averaging 5.212 % from Mar 1996 to Dec 2024, with 116 observations.
• The data reached an all-time high of 15.494 % in Jun 2021 and a record low of -16.320 % in Jun 2020.
• Greece Nominal GDP Growth data remains active status in CEIC and is reported by CEIC Data.
• The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Quarterly: Seasonally Adjusted.

CEIC calculates quarterly Nominal GDP Growth from quarterly Nominal GDP. Hellenic Statistical Authority provides Nominal GDP in EUR.

The latest data from show economic growth of 1.7 percent, which is a decrease from the rate of growth of 2.2 percent in the previous quarter and
a decrease compared to the growth rate of 2.1 percent in the same quarter last year. The economic growth time series for Greece cover the period from...

Greece - Real GDP growth rate was 2.30% in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Real GDP growth rate - last updated from the EUROSTAT on September of 2025. Historically, Greece - Real GDP growth rate reached a record high of 8.70% in December of 2021 and a record low of -10.10% in December of 2011.

The Gross Domestic Product (GDP) in Greece was worth 257.14 billion US dollars in 2024, according to official data from the World Bank. The GDP value of Greece represents 0.24 percent of the world economy. This dataset provides the latest reported value for - Greece GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Greece GR: GDP: Growth data was reported at 1.351 % in 2017. This records an increase from the previous number of -0.244 % for 2016. Greece GR: GDP: Growth data is updated yearly, averaging 3.073 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 11.150 % in 1961 and a record low of -9.132 % in 2011. Greece GR: GDP: Growth data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank: Gross Domestic Product: Annual Growth Rate. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Graph and download economic data for Real Gross Domestic Product for Greece (CLVMNACSCAB1GQEL) from Q1 1995 to Q1 2025 about Greece, real, and GDP.

Historical dataset showing Greece economic growth by year from 1960 to 2018.

GDP growth of Greece decreased by 2.59% from 2.3 % in 2023 to 2.3 % in 2024. Since the 10.29% surge in 2019, GDP growth fell by 0.24% in 2024. Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

The NextGenerationEU economic stimulus plan is set to be implemented according to each European Union member state's national recovery & resilience plan between 2021 and 2026. The stimulus effect which this will have varies across the different member states, with those states which are set to receive a relatively large stimulus package compared with their GDP experiencing a greater boost to growth than others, according to GDP forecasts.

Countries such as Greece, Bulgaria, and Croatia are set to experience as much as three percent additional GDP growth over the target years for the NextGenEU programs. On the other hand, countries such as Sweden, the Netherlands, and Austria, who will receive relatively smaller packages, will experience additional GDP growth of less than one percent per year, mostly caused by spillovers from other countries' plans. While the packages are to be dispersed between 2021 and 2026, the effect on GDP growth in many countries is set to be long-lasting, with growth being boosted into the 2030s.

The gross domestic product (GDP) per capita in Greece amounted to 24,720 U.S. dollars in 2024. Between 1980 and 2024, the GDP per capita rose by 18,850 U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The GDP per capita will steadily rise by 6,290 U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.This indicator describes the gross domestic product per capita at current prices. Thereby, the gross domestic product was first converted from national currency to U.S. dollars at current exchange rates and then divided by the total population. The gross domestic product is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).

Greece GR: GDP: Growth: Gross Capital Formation data was reported at 15.677 % in 2017. This records an increase from the previous number of 7.420 % for 2016. Greece GR: GDP: Growth: Gross Capital Formation data is updated yearly, averaging 1.807 % from Dec 1971 (Median) to 2017, with 47 observations. The data reached an all-time high of 23.881 % in 2006 and a record low of -26.883 % in 2009. Greece GR: GDP: Growth: Gross Capital Formation data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Greece – Table GR.World Bank: Gross Domestic Product: Annual Growth Rate. Annual growth rate of gross capital formation based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Gross capital formation (formerly gross domestic investment) consists of outlays on additions to the fixed assets of the economy plus net changes in the level of inventories. Fixed assets include land improvements (fences, ditches, drains, and so on); plant, machinery, and equipment purchases; and the construction of roads, railways, and the like, including schools, offices, hospitals, private residential dwellings, and commercial and industrial buildings. Inventories are stocks of goods held by firms to meet temporary or unexpected fluctuations in production or sales, and 'work in progress.' According to the 1993 SNA, net acquisitions of valuables are also considered capital formation.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

The Gross Domestic Product per capita in Greece was last recorded at 21654.34 US dollars in 2024. The GDP per Capita in Greece is equivalent to 171 percent of the world's average. This dataset provides the latest reported value for - Greece GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic shows the ratio of government expenditure to the gross domestic product (GDP) in Greece from 2020 to 2023, with projections up until 2029. In 2023, Greece's government spending amounted to about 49.55 percent of the gross domestic product. Greece's financial turmoil In 2011, the ratio of government expenditure to GDP in Greece started to decrease significantly from 53.73 percent to 46.36 percent in 2014. However, looking at Greece’s ratio compared to the other member states of the European Union, it shows that Greece - while still having a relatively high ratio - is not at the top of the list of countries with a high public ratio. Yet, Greece has a history of spending significantly more than it has been acquiring in government revenue. This unbalanced spending vs revenue situation is expected to change at some point between 2015 and 2016. When spending more than it received, Greece covered its yearly deficits by borrowing money to make up the difference. The accumulation of these deficits resulted in Greece’s growing debt, which in 2014 amounted to a total of 317.31 billion euros, and with the economic crisis, the country has had difficulties in paying back its large debts. However, it appears as if Greece is beginning to keep government spending below revenue in the near future. In order to recover, the country also needs economic growth, and according to the IMF, GDP is expected to increase after 2015 and along with it, Greece will likely see positive growth rates.

This statistic shows the national debt of Greece from 2020 to 2023, with projections until 2030. In 2023, the national debt in Greece was around 420.4 billion U.S. dollars. In a ranking of debt to GDP per country, Greece is currently ranked third. Greece's struggle after the financial crisis Greece is a developed country in the EU and is highly dependent on its service sector as well as its tourism sector in order to gain profits. After going through a large economic boom from the 1950s to the 1970s as well as somewhat high GDP growth in the early to mid 2000s, Greece’s economy took a turn for the worse and struggled intensively, primarily due to the Great Recession, the Euro crisis as well as its own debt crisis. National debt within the country saw significant gains over the past decades, however roughly came to a halt due to financial rescue packages issued from the European Union in order to help Greece maintain and improve their economical situation. The nation’s continuous rise in debt has overwhelmed its estimated GDP over the years, which can be attributed to poor government execution and unnecessary spending. Large sums of financial aid were taken from major European banks to help balance out these government-induced failures and to potentially help refuel the economy to encourage more spending, which in turn would decrease the country’s continuously rising unemployment rate. Investors, consumers and workers alike are struggling to see a bright future in Greece, whose chances of an economic comeback are much lower than that of other struggling countries such as Portugal and Italy. However, Greece's financial situation might improve in the future, as it is estimated that at least its national debt will decrease - slowly, but steadily. Still, since its future participation in the European Union is in limbo as of now, these figures can only be estimates, not predictions.