The Gross Domestic Product (GDP) in Greece stagnated 0 percent in the first 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 was worth 243.50 billion US dollars in 2023, according to official data from the World Bank. The GDP value of Greece represents 0.23 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.

The Gross Domestic Product (GDP) in Greece expanded 2.20 percent in the first 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.

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 Q4 2024 about Greece, real, and GDP.

The latest data from show economic growth of 2.2 percent, which is a decrease from the rate of growth of 2.5 percent in the previous quarter and
no change compared to the growth rate of 2.2 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 June 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.

Greece GR: GDP: Growth: Imports of Goods and Services data was reported at 7.175 % in 2017. This records an increase from the previous number of 0.254 % for 2016. Greece GR: GDP: Growth: Imports of Goods and Services data is updated yearly, averaging 7.175 % from Dec 1961 (Median) to 2017, with 57 observations. The data reached an all-time high of 33.633 % in 1973 and a record low of -20.354 % in 2009. Greece GR: GDP: Growth: Imports of Goods and Services 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.WDI: Gross Domestic Product: Annual Growth Rate. Annual growth rate of imports of goods and services based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Imports of goods and services represent the value of all goods and other market services received from the rest of the world. They include the value of merchandise, freight, insurance, transport, travel, royalties, license fees, and other services, such as communication, construction, financial, information, business, personal, and government services. They exclude compensation of employees and investment income (formerly called factor services) and transfer payments.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

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.

The Gross Domestic Product per capita in Greece was last recorded at 21139.19 US dollars in 2023. The GDP per Capita in Greece is equivalent to 167 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.

This statistic shows the distribution of the gross domestic product (GDP) across economic sectors in Greece from 2013 to 2023. In 2023, agriculture contributed around 3.34 percent to the GDP of Greece, 15.28 percent came from the industry and 68.64 percent from the service sector.

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.

In 2025, the ratio of national debt to gross domestic product (GDP) of Greece is approximately 142.17 percent.Fluctuating rise between 1980 and 2025A comparison to the earliest shown observation from 1980 reveals a total increase by approximately 119.33 percentage points. The trajectory from 1980 to 2025 shows however that this increase did not happen continuously.Continuous decline between 2025 and 2030The ratio will stand at close to 125.07 percent in 2030, according to forecasts. Compared to 2025 this is an overall decrease by approximately 17.10 percentage points. This decrease reflects a consistent falling trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

In 2024, the share of the global gross domestic product (GDP) adjusted for purchasing power parity (PPP) in Greece amounted to approximately 0.23 percent. Between 1980 and 2024, the figure dropped by around 0.46 percentage points, though the decline followed an uneven course rather than a steady trajectory. The share is forecast to decline by about 0.02 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator describes the share of a country's gross domestic product in the global gross domestic product. To this end the GDP (indicating the total value of final goods and services produced during a year) has been adjusted for purchasing power parity and set in relation to the purchasing power adjusted global GDP value.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Exports of Goods and Services for Greece (NAEXKP06GRA657S) from 1971 to 2024 about Greece, exports, goods, services, real, and GDP.

Greece: Economic growth forecast: The latest value from 2030 is 1.43 percent, an increase from 1.42 percent in 2029. In comparison, the world average is 3.25 percent, based on data from 182 countries. Historically, the average for Greece from 1980 to 2030 is 1.13 percent. The minimum value, -9.88 percent, was reached in 2011 while the maximum of 8.65 percent was recorded in 2021.

The statistic shows the growth of the real gross domestic product (GDP) in the EU member states in the second quarter 2024 compared to the same quarter of the previous year. GDP is the total value of all goods and services produced in a country in a year. It is considered to be a very important indicator of the economic strength of a country and a positive change in it is a sign of economic growth. In the second quarter of 2024, the real GDP in Denmark increased by 2.5 percent compared to the same quarter of the previous year. The overall EU GDP amounted to around 15.8 trillion euros around the same time. Global economy and the economic crisis The global economy has been slowly recovery after having been devastated by the global financial crisis in 2008. The economic crisis, which hit Greece, Ireland and Portugal, among other countries, severely, marked the beginning of the European sovereign debt crisis which forced these nations to request a bailout between 2013 and 2014. In November 2014, the unemployment rate in Greece amounted to around a desastrous 25 percent, which means one quarter of Greeks who were of working age were out of work. Meanwhile, the unemployment rate average for the whole European Union was at 10 percent. In addition, Greece, Italy, Portugal, and Ireland ranked at the top of the list of the nations in the European Union with the largest national debt in relation to the gross domestic product. In the third quarter of 2014, Greece’s national debt amounted to 176 percent of the gross domestic product. Despite the crisis, the global economy is expected to improve. It is estimated that GDP in the European Union will grow by 1.85 percent in 2015 in comparison to the previous year. Also, the national debt in relation to GDP in Greece, Italy, Portugal and Ireland will decrease between 2015 and 2016.

Economic growth, quarterly in Greece, March, 2025 The most recent value is 0 percent as of Q1 2025, a decline compared to the previous value of 0.8 percent. Historically, the average for Greece from Q2 1995 to Q1 2025 is 0.29 percent. The minimum of -13.8 percent was recorded in Q2 2020, while the maximum of 6.1 percent was reached in Q3 2020. | TheGlobalEconomy.com