Greece GDP Growth Rate  1995-2016 | Data | Chart | Calendar | Forecast

The Greek economy advanced 0.8 percent on quarter in the third quarter of 2016, compared to a preliminary estimate of 0.5 percent and following an upwardly revised 0.4 percent growth in the previous period. Household consumption rebounded (+0.3 percent vs -0.1 percent in Q2) and net external demand contributed positively, as exports rose 3.7 percent (+6.4 percent in Q2) while imports fell 10.2 percent (+9.1 percent in Q2). Meanwhile, government spending increased at a slower 0.2 percent (+0.7 percent in Q2) and gross fixed capital formation advanced 1.7 percent (+9.7 percent in Q2). Year-on-year, the GDP expanded 1.8 percent, compared to a downwardly revised 0.5 percent contraction in the previous period. It was the strongest growth since the first quarter of 2008. GDP Growth Rate in Greece averaged 0.21 percent from 1995 until 2016, reaching an all time high of 3.10 percent in the first quarter of 2006 and a record low of -4.80 percent in the first quarter of 2009.

Greece GDP Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-29 09:00 AM Q2 0.2% -0.2% 0.3% 0.3%
2016-11-14 10:00 AM Q3 0.5% 0.3% -0.3%
2016-11-29 10:00 AM Q3 0.8% 0.4% 0.5% 0.5%
2017-02-13 10:00 AM Q4 -0.49%
2017-02-28 10:00 AM Q4 -0.49%
2017-05-12 09:00 AM Q1 0.62%




Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.80 0.40 3.10 -4.80 percent [+]
GDP Annual Growth Rate 1.80 -0.50 6.70 -10.20 percent [+]
GDP 195.21 235.57 354.46 4.45 USD Billion [+]
GDP Constant Prices 48910.00 47038.50 64999.80 36552.30 EUR Million [+]
Gross Fixed Capital Formation 5512.34 5458.47 17221.45 4873.52 EUR Million [+]
GDP per capita 22648.44 22557.87 30056.68 6780.29 USD [+]
GDP per capita PPP 24617.04 24518.60 32669.20 20982.79 USD [+]
GDP From Agriculture 1938.94 1678.99 2120.17 1282.16 EUR Million [+]
GDP From Construction 927.62 681.93 4414.47 680.22 EUR Million [+]
GDP From Mining 4609.51 4216.45 7566.45 4159.14 EUR Million [+]
GDP From Public Administration 9412.91 9364.24 11582.77 7607.63 EUR Million [+]
GDP From Services 10318.44 7832.80 17098.92 6942.63 EUR Million [+]



Greece GDP Growth Rate Notes

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 reached unsustainable levels. As a result, Greece faced 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. 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. Greece GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.80 0.40 3.10 -4.80 1995 - 2016 percent Quarterly
Constant Prices 2010, SA



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