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||1996 - 2015
After six consecutive years of deep recession, during which Greek GDP contracted by more than 25 percent, the economy showed for the first time an expansion of 0.8 percent in 2014, driven by higher exports of goods and services and increased private consumption. Nevertheless, compared to 2008 and in nominal terms, the gross fixed capital formation contracted by 64 percent; the public spending declined by 28 percent; the private consumption went down by 23 percent; and employment shrank by 20 percent. 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 Annual 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 Annual Growth Rate - was last refreshed on Friday, October 9, 2015.