Greece GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Greece contracted 5.30 percent in the first quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Greece is reported by the Hellenic Statistical Authority. Historically, from 2001 until 2013, Greece GDP Annual Growth Rate averaged 0.52 Percent reaching an all time high of 7.80 Percent in June of 2006 and a record low of -9 Percent in December 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 includes a chart with historical data for Greece GDP Annual Growth Rate.