The Gross Domestic Product (GDP) in Greece expanded 0.90 percent in the fourth quarter of 2024 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 2019 to 2023, with projections up until 2029. 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 2023, Greece's real GDP increased by about 2.01 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 2.60 percent in the fourth quarter of 2024 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.

The gross domestic product (GDP) per capita in Greece was forecast to continuously increase between 2024 and 2029 by in total 5,245.2 U.S. dollars (+21.55 percent). According to this forecast, in 2029, the GDP per capita will have increased for the ninth consecutive year to 29,586.73 U.S. dollars. 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 prices and then divided by the total population. The gross domestic products 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).Find more statistics on other topics about Greece with key insights such as the ratio of government expenditure to the gross domestic product, ratio of the national debt to the gross domestic product, and the number of employed people.

Contains data from the World Bank's data portal. There is also a consolidated country dataset on HDX.

Economic growth is central to economic development. When national income grows, real people benefit. While there is no known formula for stimulating economic growth, data can help policy-makers better understand their countries' economic situations and guide any work toward improvement. Data here covers measures of economic growth, such as gross domestic product (GDP) and gross national income (GNI). It also includes indicators representing factors known to be relevant to economic growth, such as capital stock, employment, investment, savings, consumption, government spending, imports, and exports.

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.

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;

Economic growth, quarterly in Greece, December, 2024 The most recent value is 0.9 percent as of Q4 2024, an increase compared to the previous value of 0.4 percent. Historically, the average for Greece from Q2 1995 to Q4 2024 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

GDP per capita growth (annual %) in Greece was reported at 2.6399 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Greece - GDP per capita growth (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2025.

Greece gdp growth rate for 2023 was 2.01%, a 3.55% decline from 2022.

• Greece gdp growth rate for 2022 was 5.56%, a 2.82% decline from 2021.
• Greece gdp growth rate for 2021 was 8.38%, a 17.7% increase from 2020.
• Greece gdp growth rate for 2020 was -9.32%, a 11.2% decline from 2019.

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.

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 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.

Graph and download economic data for Real Gross Domestic Product for Greece (CLVMNACSCAB1GQEL) from Q1 1995 to Q3 2024 about Greece, real, and GDP.

Key information about Greece GDP Deflator Growth

• Greece GDP deflator (implicit price deflator) increased 5.1 % in Dec 2022, compared with an increase of 7.9 % in the previous quarter.
• Greece GDP Deflator Growth data is updated quarterly, available from Mar 1996 to Dec 2022, with an average rate of 2.2 %.
• The data reached an all-time high of 9.5 % in Mar 2022 and a record low of -4.0 % in Dec 2013.

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


Related information about Greece GDP Deflator Growth

• In the latest reports, Greece GDP expanded 5.2 % YoY in Dec 2022.
• Its Nominal GDP reached 54.3 USD bn in Dec 2022.
• Greece GDP Per Capita reached 20,192.5 USD in Dec 2021.
• Its Gross Savings Rate was measured at 8.1 % in Dec 2022.

Greece GR: GDP: Growth: Final Consumption Expenditure: Include Discrepancy data was reported at -0.443 % in 2016. This records a decrease from the previous number of -0.012 % for 2015. Greece GR: GDP: Growth: Final Consumption Expenditure: Include Discrepancy data is updated yearly, averaging 2.494 % from Dec 1971 (Median) to 2016, with 46 observations. The data reached an all-time high of 8.597 % in 1975 and a record low of -9.087 % in 2011. Greece GR: GDP: Growth: Final Consumption Expenditure: Include Discrepancy 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. Average annual growth of final consumption expenditure based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (formerly private consumption) and general government final consumption expenditure (formerly general government consumption). This estimate includes any statistical discrepancy in the use of resources relative to the supply of resources.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted Average;

The share in the global GDP adjusted for PPP in Greece was forecast to continuously decrease between 2024 and 2029 by in total 0.01 percentage points. The share is estimated to amount to 0.21 percent in 2029. Following the definitions provided by the International Monetary Fund, 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.Find more statistics on other topics about Greece with key insights such as the growth of the real the gross domestic product, the number of employed people, and the ratio of government expenditure to the gross domestic product.

Graph and download economic data for Constant GDP per capita for Greece (NYGDPPCAPKDGRC) from 1960 to 2023 about Greece, per capita, real, and GDP.

Contains data from the World Bank's data portal covering the following topics which also exist as individual datasets on HDX: Agriculture and Rural Development, Aid Effectiveness, Economy and Growth, Education, Energy and Mining, Environment, Financial Sector, Health, Infrastructure, Social Protection and Labor, Poverty, Private Sector, Public Sector, Science and Technology, Social Development, Urban Development, Gender, Millenium development goals, Climate Change, External Debt, Trade.

Graph and download economic data for National Accounts: GDP by Expenditure: Constant Prices: Less: Imports of Goods and Services for Greece (NAEXKP07GRQ657S) from Q2 1970 to Q4 2024 about Greece, imports, goods, services, real, and GDP.

GDP Growth Tracker: YoY: Low data was reported at 1.529 % in Apr 2023. This records an increase from the previous number of -0.852 % for Mar 2023. GDP Growth Tracker: YoY: Low data is updated monthly, averaging -2.472 % from Jan 2005 (Median) to Apr 2023, with 220 observations. The data reached an all-time high of 11.259 % in Apr 2021 and a record low of -22.573 % in Apr 2020. GDP Growth Tracker: YoY: Low data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Greece – Table GR.OECD.WT: GDP Growth Tracker: Monthly.