Greece GDP Growth Rate 1995-2015 | Data | Chart | Calendar | Forecast

Greek GDP expanded 0.9 percent quarter-on-quarter in the three months to June, from an upwardly revised 0.1 percent growth in Q1. Final consumption expenditure was the main driver of growth as it increased 1.1 percent (+0.1 percent in Q1) boosted by consumer spending of 1 percent (0.1 percent in Q1) and by government spending of 3.8 percent (+2.3 percent in Q1). By contrast, investments contracted further by 10.6 percent, after shrinking 8.4 percent in Q1. Meanwhile exports of goods and services grew 0.1 percent while imports fell 4.9 percent. GDP Growth Rate in Greece averaged 0.24 percent from 1995 until 2015, reaching an all time high of 3.30 percent in the first quarter of 2006 and a record low of -4.70 percent in the first quarter of 2009. GDP Growth Rate in Greece is reported by the National Statistical Service of Greece.

Greece GDP Growth Rate
Please Paste this Code in your Website

Actual Previous Highest Lowest Dates Unit Frequency
0.90 0.00 3.30 -4.70 1995 - 2015 percent Quarterly
Constant Prices 2010, SA
Greece has a service based economy and is one of the top tourist destinations in the world. Following the entry to the European Union in 1980 and the Euro Area in 2000, the Greek economy had been recording high rates of growth. Yet, as this expansion had been fueled mainly by the access to cheap credit and growth of public sector, in 2008 the budget deficit and sovereign debt had reached unsustainable levels. As a result, Greece faces the worst crisis since 1974 and tough reforms enforced by the IMF and the European Commission as part of the bailout programme are taking place. In 2014, the private final consumption expenditure was the main component of GDP accounting for 72 percent of its total use, followed by the government final consumption expenditure (20 percent) and the gross capital formation (12 percent). This page 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. Content for - Greece GDP Growth Rate - was last refreshed on Thursday, September 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-05-29 10:00 AM Q1 -0.2% -0.4% -0.2%
2015-08-13 10:00 AM Q2 0.8% 0%(R) -0.8% -0.6%
2015-08-28 10:00 AM Q2 0.9% 0.1% 0.8%
2015-11-13 10:00 AM Q3 0.05
2015-11-27 10:00 AM Q3

Greece GDP Last Previous Highest Lowest Unit
GDP 237.59 242.23 354.62 4.45 USD Billion [+]
GDP Growth Rate 0.90 0.00 3.30 -4.70 percent [+]
GDP Annual Growth Rate 1.70 0.20 7.50 -10.40 percent [+]
GDP Constant Prices 47664.00 43324.00 65168.00 36355.30 EUR Million [+]
GDP per capita 18377.24 18120.61 24307.57 5359.77 USD [+]
Gross Fixed Capital Formation 5023.00 5714.00 16615.00 4984.20 EUR Million [+]
GDP per capita PPP 24501.53 24159.39 32408.19 20905.69 USD [+]
GDP From Agriculture 1386.87 1447.68 2095.91 1261.33 EUR Million [+]
GDP From Construction 695.24 524.95 4258.09 524.95 EUR Million [+]
GDP From Mining 4229.54 4029.82 7714.59 3912.61 EUR Million [+]
GDP From Public Administration 9785.56 9175.81 11356.37 7482.85 EUR Million [+]
GDP From Services 10849.35 8475.51 16491.95 6876.98 EUR Million [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.20 Jun/15 0.90 4.40 -2.00 percent [+]
Brazil -1.90 Jun/15 -0.70 3.90 -3.90 percent [+]
Canada -0.10 Jun/15 -0.10 3.33 -1.80 percent [+]
China 1.70 Jun/15 1.40 2.50 1.40 percent [+]
Euro Area 0.30 Jun/15 0.40 1.30 -2.90 percent [+]
France 0.00 Jun/15 0.60 7.70 -5.00 percent [+]
Germany 0.40 Jun/15 0.30 2.00 -4.50 percent [+]
India 2.06 Mar/15 1.36 5.30 -1.70 percent [+]
Indonesia 3.78 Jun/15 -0.18 3.83 -3.57 percent [+]
Italy 0.30 Jun/15 0.40 6.00 -3.00 percent [+]
Japan -0.40 Jun/15 1.00 3.20 -4.00 percent [+]
Mexico 0.50 Jun/15 0.40 2.90 -6.60 percent [+]
Netherlands 0.10 Jun/15 0.60 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.30 Jun/15 0.80 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.60 -1.60 percent [+]
Switzerland 0.20 Jun/15 -0.20 2.10 -1.90 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.70 Jun/15 0.40 5.00 -2.70 percent [+]
United States 3.70 Jun/15 0.60 16.90 -10.00 percent [+]