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

The Greek economy shrank 0.5 percent on the quarter in the first three months of 2016 after growing by a meager 0.1 percent in the previous period, missing flash estimate of 0.4 percent contraction. Household consumption declined 0.4 percent (from -0.2 percent in Q4) and fixed investment fell sharply by 6.8 percent (from +19.7 percent). Also, net external demand contributed negatively, as exports went down 3.3 percent (from -0.8 percent in Q4) while imports fell at a much slower 0.3 percent (from +11 percent). In contrast, government spending grew 1.5 percent (from +0.2 percent in Q4). Compared with the same period a year earlier, the non-seasonally adjusted GDP shrank for the third quarter in a row by 1.3 percent, accelerating from a 0.7 percent fall in the last three months of 2015 and higher than a 1.2 percent drop previously estimated. GDP Growth Rate in Greece averaged 0.20 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. GDP Growth Rate in Greece is reported by the National Statistical Service of Greece.

Greece GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.50 0.10 3.10 -4.80 1995 - 2016 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 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 July of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-02-29 10:00 AM Q4 0.1% -1.2% -0.6% -0.6%
2016-05-13 09:00 AM Q1 -0.4% 0.1% -0.4%
2016-05-30 09:00 AM Q1 -0.5% 0.1% -0.4% -0.4%
2016-08-12 09:00 AM Q2 -0.5% -0.6%
2016-08-29 09:00 AM Q2
2016-11-14 10:00 AM Q3 -0.3%

Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate -0.50 0.10 3.10 -4.80 percent [+]
GDP Annual Growth Rate -1.30 -0.70 6.90 -10.70 percent [+]
GDP 195.21 235.57 354.46 4.45 USD Billion [+]
GDP Constant Prices 42150.10 46001.90 64999.80 36355.30 EUR Million [+]
Gross Fixed Capital Formation 5441.70 5838.20 17221.50 4876.60 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 1691.54 1863.04 2095.91 1282.16 EUR Million [+]
GDP From Construction 681.93 1435.74 4258.09 524.95 EUR Million [+]
GDP From Mining 4243.59 4233.45 7714.59 3912.61 EUR Million [+]
GDP From Public Administration 9447.72 9212.88 11356.37 7482.85 EUR Million [+]
GDP From Services 7782.41 9000.11 16491.95 6876.98 EUR Million [+]




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United Arab Emirates 4.60 Dec/14
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Rwanda 2.35 Dec/15
India 2.10 Mar/16
Botswana 1.80 Mar/16
China 1.80 Jun/16
Mozambique 1.80 Mar/16
Moldova 1.70 Mar/16
Serbia 1.60 Mar/16
El Salvador 1.55 Dec/15
Romania 1.50 Mar/16
Tanzania 1.50 Sep/10
Bolivia 1.30 Dec/15
Bosnia and Herzegovina 1.30 Mar/16
Chile 1.30 Mar/16
Kazakhstan 1.26 Dec/13
Albania 1.20 Mar/16
Australia 1.10 Mar/16
Ghana 1.10 Mar/16
Philippines 1.10 Mar/16
United States 1.10 Mar/16
Malaysia 1.00 Mar/16
Norway 1.00 Mar/16
Bahrain 0.90 Mar/16
Cyprus 0.90 Mar/16
Mauritius 0.90 Mar/16
Thailand 0.90 Mar/16
Lithuania 0.80 Mar/16
Mexico 0.80 Mar/16
Paraguay 0.80 Mar/16
Singapore 0.80 Jun/16
Spain 0.80 Mar/16
Turkey 0.80 Mar/16
Taiwan 0.78 Mar/16
Bulgaria 0.70 Mar/16
Costa Rica 0.70 Dec/15
Denmark 0.70 Mar/16
Germany 0.70 Mar/16
Luxembourg 0.70 Mar/16
New Zealand 0.70 Mar/16
Slovakia 0.70 Mar/16
South Korea 0.70 Jun/16
Canada 0.60 Mar/16
Croatia 0.60 Apr/16
Euro Area 0.60 Mar/16
Finland 0.60 Mar/16
France 0.60 Mar/16
United Kingdom 0.60 Jun/16
Austria 0.50 Mar/16
European Union 0.50 Mar/16
Japan 0.50 Mar/16
Netherlands 0.50 Mar/16
Slovenia 0.50 Mar/16
Sweden 0.50 Mar/16
Czech Republic 0.40 Mar/16
Israel 0.40 Mar/16
Tunisia 0.40 Mar/16
Italy 0.30 Mar/16
Malta 0.30 Mar/16
Belgium 0.20 Mar/16
Colombia 0.20 Mar/16
Portugal 0.20 Mar/16
Jamaica 0.10 Dec/15
Latvia 0.10 Mar/16
Switzerland 0.10 Mar/16
Uruguay 0.10 Mar/16
Cameroon 0.05 Dec/15
Estonia 0.00 Mar/16
Peru 0.00 Mar/16
Poland -0.10 Mar/16
Belize -0.25 Dec/15
Brazil -0.30 Mar/16
Indonesia -0.34 Mar/16
Hong Kong -0.40 Mar/16
Greece -0.50 Mar/16
Iceland -0.50 Mar/16
Qatar -0.50 Dec/15
Russia -0.57 Sep/15
Trinidad And Tobago -0.60 Dec/15
Argentina -0.70 Mar/16
Ukraine -0.70 Mar/16
Hungary -0.80 Mar/16
South Africa -1.20 Mar/16
Uganda -1.30 Mar/16
Kenya -1.40 Mar/16
Namibia -1.60 Mar/16
Ecuador -1.90 Mar/16
Ireland -2.10 Mar/16
Nigeria -13.70 Mar/16
Senegal -14.10 Mar/16