Greece GDP Growth Rate

Last Release

Dec 31, 2022

Actual

1.4

Units In

-0.5

Frequency

Quarterly

Next Release

Dec 05, 2025

Time to Release

2 Months 28 Days 9 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 by 0.6% quarter-on-quarter in the second quarter of 2025, following an upwardly revised 0.1% growth in the previous quarter. This marked the strongest economic expansion since Q2 2024, primarily driven by a positive contribution from net external demand, as exports rebounded (1.3% vs -0.6% in Q1) while imports declined (-0.9% vs 0.4%). At the same time, gross fixed capital formation recovered sharply (7.4% vs -5%). However, final consumption expenditure slightly weighed on overall GDP (-0.1% vs 1.1%), as household consumption fell (-0.2% vs 1.2%) despite a rebound in government spending (2.4% vs -1.8%). On an annual basis, Greece’s GDP grew by 1.7% in Q2 2025, slightly below the downwardly revised 1.8% growth recorded in the previous quarter.