Greece's economy expanded by 2.3 percent in the three months to September 2020, partially recovering from a record 14.1 percent slump in the previous period. Household consumption grew sharply by 15.3 percent (vs -12.3 percent in Q2) and public spending advanced 0.9 percent (vs 0.7 percent in Q2), while fixed investment contracted 0.4 percent (vs 2.2 percent in Q2). At the same time, net external demand contributed negatively to the GDP as exports plunged 10.4 percent (vs -35.1 percent in Q2) and imports surged 9.6 percent (vs -13.5 percent in Q2). On a yearly basis, the economy shrank by 11.7 percent, easing from a 14.2 percent contraction in the previous three-month period. source: National Statistical Service of Greece
GDP Growth Rate in Greece averaged 0.09 percent from 1995 until 2020, reaching an all time high of 3.30 percent in the first quarter of 2006 and a record low of -14.10 percent in the second quarter of 2020. This page provides the latest reported value for - Greece GDP Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2021.
GDP Growth Rate in Greece is expected to be -2.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Greece to stand at 1.80 in 12 months time. In the long-term, the Greece GDP Growth Rate is projected to trend around 1.10 percent in 2021 and 0.50 percent in 2022, according to our econometric models.