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

The Greek economy contracted 0.7 percent year-on-year in the fourth quarter of 2015, following a 1.7 percent fall in the previous period and better than earlier estimates of a 2 percent decline, final figures showed. Household expenditure fell 0.3 percent, exports decreased 10.4 percent and imports went down 11.9 percent while government spending increased 2.8 percent and gross fixed capital formation went up 4.9 percent. On a quarterly basis, the economy expanded 0.1 percent, rebounding from a 1.2 percent decline in the previous period. GDP Annual Growth Rate in Greece averaged 0.89 percent from 1996 until 2015, reaching an all time high of 7.50 percent in the fourth quarter of 2003 and a record low of -10.70 percent in the first quarter of 2011. GDP Annual Growth Rate in Greece is reported by the National Statistical Service of Greece.

Greece GDP Annual Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -1.70 7.50 -10.70 1996 - 2015 percent Quarterly
Constant Prices 2010, NSA
After six years of deep recession, during which Greek GDP contracted by more than 25 percent, in 2014 the economy expended 0.8 percent in 2014, 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 May of 2016.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2015-11-27 11:00 AM Q3 -0.9% 1.3% -0.1%
2016-02-12 10:00 AM Q4 -2.0% -1.7% -0.5%
2016-02-29 10:00 AM Q4 -0.7% -1.7% -2% -2%
2016-05-13 09:00 AM Q1 -0.7% -0.6%
2016-05-30 09:00 AM Q1 -0.7%
2016-08-12 09:00 AM Q2 -0.8%

Greece GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.10 -1.40 3.10 -4.80 percent [+]
GDP Annual Growth Rate -0.70 -1.70 7.50 -10.70 percent [+]
GDP 235.57 239.51 354.62 4.45 USD Billion [+]
GDP Constant Prices 45405.00 49934.00 65168.00 36355.30 EUR Million [+]
Gross Fixed Capital Formation 5897.70 4726.40 16615.00 4726.40 EUR Million [+]
GDP per capita 18377.24 18120.61 24307.57 5359.77 USD [+]
GDP per capita PPP 24501.53 24159.39 32408.19 20905.69 USD [+]
GDP From Agriculture 1863.04 1834.21 2095.91 1261.33 EUR Million [+]
GDP From Construction 1435.74 961.80 4258.09 524.95 EUR Million [+]
GDP From Mining 4233.45 4541.83 7714.59 3912.61 EUR Million [+]
GDP From Public Administration 9212.88 9448.13 11356.37 7482.85 EUR Million [+]
GDP From Services 9000.11 12761.55 16491.95 6876.98 EUR Million [+]




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Euro Area 1.60 Mar/16
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