Greece GDP Annual Growth Rate  1996-2016 | Data | Chart | Calendar

The Greek economy advanced 1.8 percent year-on-year in the third quarter of 2016, compared to a preliminary estimate of 1.5 percent and following an downwardly revised 0.5 percent drop in the previous period. It was the strongest growth since the first quarter of 2008, as household consumption rebounded sharply (+5.1 percent vs -1.2 percent in Q2); net external demand contributed positively, as exports rose 10.2 percent (-10.5 percent in Q2) and imports went up 12 percent (+4.9 percent in Q2); and government spending fell at a slower 0.6 percent (-0.9 percent in Q2). In contrast, gross fixed capital formation contracted 16.9 percent (+30.6 percent in Q2). GDP Annual Growth Rate in Greece averaged 0.83 percent from 1996 until 2016, reaching an all time high of 6.70 percent in the fourth quarter of 2003 and a record low of -10.20 percent in the first quarter of 2011.

Greece GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-08-29 09:00 AM Q2 -0.4% -0.9% -0.1% -0.1%
2016-11-14 10:00 AM Q3 1.5% -0.6% -0.5%
2016-11-29 10:00 AM Q3 1.8% -0.5% 1.4% 1.5%
2017-02-13 10:00 AM Q4 -0.03%
2017-02-28 10:00 AM Q4 -0.03%
2017-05-12 09:00 AM Q1 1.29%




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 Annual Growth Rate Notes

After six years of deep recession, during which Greek GDP contracted by more than 25 percent, in 2014 the economy expended 0.8 percent, driven by higher exports of goods and services and increased private consumption. Nevertheless, compared to 2008, 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. On the expenditure side, household consumption is the main component of GDP and accounts for 72 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (12 percent). Exports of goods and services account for 33 percent of GDP while imports account for 35 percent, subtracting 2 percent of total GDP. 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. Greece GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
1.80 -0.50 6.70 -10.20 1996 - 2016 percent Quarterly
Constant Prices 2010, SA



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