Greece GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Greece contracted 2.30 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Greece is reported by the National Statistical Service of Greece. GDP Annual Growth Rate in Greece averaged 0.25 Percent from 2001 until 2013, reaching an all time high of 7.90 Percent in the second quarter of 2006 and a record low of -9.20 Percent in the fourth quarter of 2010. In Greece, services are the biggest sector of the economy and account for 77 percent of total GDP. Within services the most important segments are: wholesale and retail trade (19 percent of total GDP); real estate activities (14 percent); transport, storage and communication (10 percent); public administration, defence and social security (9 percent); hotels and restaurants (6 percent); education (6 percent), health (5 percent) and financial services (5 percent). Industry contributes 19 percent to GDP. Within industry, manufacturing (11 percent of total GDP) and construction (5 percent) are the biggest segments. Agriculture, forestry, hunting and fishing contribute 4 percent to GDP. Yet, Greece is the leading European producer in several agriculture segments such as cotton, olive oil and pistachios. This page provides - Greece GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-21

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-2.30 -3.20 7.90 -9.20 -2.70 | 2014/03 2001 - 2013 Percent Quarterly

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Greece GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-09-06 10:00 AM Greece
GDP Growth Rate YoY - Final
Q2 2013 -3.8% -5.6% -4.6% -4.6%
2013-11-14 10:30 AM Greece
GDP Growth Rate YoY - P.
Q3 2013 -3.0% -3.7% (R) -4.53%
2013-12-09 10:15 AM Greece
GDP Growth Rate YoY - Final
Q3 2013 -3.0% -3.7% -3.0% -3.00%
2014-02-14 10:00 AM Greece
GDP Growth Rate YoY Adv
Q4 2013 -2.6% -3% -2.69%
2014-05-15 10:00 AM Greece
GDP Growth Rate YoY
Q1 2014 -2.3% -2.7%
2014-08-13 10:00 AM Greece
GDP Growth Rate YoY
Q2 2014 -2.29%
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GDP Last Previous Highest Lowest Forecast Unit
GDP Growth Rate 0.20 2011-03-31 -2.80 3.80 -2.80 -1.24 2011-06-30 Percent [+]
GDP Annual Growth Rate -2.30 2013-12-31 -3.20 7.90 -9.20 -2.70 2014-03-31 Percent [+]
GDP per capita 18578.10 2012-12-31 19809.34 23431.47 5359.64 17273.03 2013-12-31 USD [+]
GDP per capita PPP 20921.93 2012-12-31 22308.50 26387.60 16068.94 19523.58 2013-12-31 USD [+]
GDP Constant Prices 40007.50 2013-11-15 43505.00 55318.10 37540.00 39537.16 2014-03-31 EUR Million [+]
Gross Fixed Capital Formation 3097.00 2013-06-15 2986.00 54910.00 -35582.00 -2492.72 2013-07-31 EUR Million [+]
GDP 249.10 2012-12-31 289.60 341.60 4.40 211.94 2013-12-31 USD Billion [+]
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GDP Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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Greece Unemployment Rate Falls to 11-Month Low  
In January of 2014, Greek seasonally adjusted jobless rate fell to 26.7 down from a revised 27.2 percent in the previous month, but up from 26.5 percent a year earlier. Revised figures showed the unemployment fell for the fourth straight month.
Greek Trade Deficit Widens in February  
Greek trade deficit increased for the second consecutive month to a preliminary estimate of € -1.98 billion, due to a 7 percent drop in exports. A year earlier, the trade deficit reached € 1.76 billion.
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In December of 2013, Greek seasonally adjusted jobless rate decreased marginally to 27.5 percent, compared to a downwardly revised 27.6 percent in November. The figure is more than twice the Euro Area’s average of 12 percent.
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In November of 2013, Greek jobless rate rose to a new record high at 28 percent from a revised 27.7 percent in October and 26.3 percent last year. Unemployment in Greece is more than twice the euro zone's record-high of 12.1 percent in the same period.
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Preliminary estimates showed the Greek trade deficit decreased in the last month of 2013 to € 1.39 billion from € 1.5 billion in November and € 1.4 billion a year earlier.
Greek Unemployment Rate Up to 27.8% in October  
In October of 2013, Greece jobless rate slightly rose to a new record 27.8 percent, up from a revised 27.7 percent in September. A year ago, unemployment was recorded at 26.1 percent.
Greece Unemployment Rate at 27.4% in September  
The seasonally adjusted jobless rate in September of 2013 was 27.4 percent compared to 26.0 percent in September of 2012 and 27.3 percent in August.
Greek Trade Deficit Widens in October  
In October of 2013, Greece trade deficit increased to € 1.84 billion, from €1.54 billion in September, as exports fell while imports rose for the third consecutive month.
Greece Unemployment Rate Remained Unchanged in August  
In August, Greek jobless rate was 27.3 percent compared to 25.5 percent in August 2012 and 27.3 percent in July 2013. Youth unemployment grew to 60.6 percent.
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