Greece GDP Growth Rate

Last Release

Dec 31, 2022

Actual

1.4

Units In

-0.5

Frequency

Quarterly

Next Release

Mar 06, 2026

Time to Release

2 Months 28 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
5.6 Sep 2020	-14.2 Jun 2020	0.26 %	1995-2022	National Statistical Service of Greece

Greece has a service based economy and is one of the top tourist destinations in the world. Following the entry to the European Union in 1980 and the Euro Area in 2000, the Greek economy had been recording high rates of growth. Yet, as this expansion had been fueled mainly by the access to cheap credit and growth of public sector, in 2008 the budget deficit and sovereign debt reached unsustainable levels. As a result, Greece faced the worst crisis since 1974 and tough reforms enforced by the IMF and the European Commission as part of the bailout programme are taking place.

Latest Updates

Greece’s economy expanded 0.6% quarter-on-quarter in Q3 2025, following a downwardly revised 0.4% gain in the previous quarter, marking the strongest quarterly growth since Q4 2024. The acceleration was mainly driven by faster growth in final consumption expenditure (0.6% vs 0.5% in Q2), led by government spending (0.2% vs 0.0%), while household consumption remained stable at 0.7%. However, gross fixed capital formation slowed (3.5% vs 8.7%), while net external demand weakened due to slower export growth (0.2% vs 0.7% in Q2) alongside a sharper decline in imports (-1.6% vs -1.1%). On an annual basis, Greece’s GDP rose 2.0% in Q3 2025, surpassing the downwardly revised 1.6% growth in Q2 2025.