Greek economy expanded by 3.4 percent on quarter in the three months to June 2021, after an upwardly revised 4.5 percent growth in the previous quarter. Still, it was the fourth consecutive quarter of expansion, as gross fixed capital formation advanced 4.3 percent (vs 3.9 percent in Q1). At the same time, exports rose 2.9 percent (vs 5.8 percent in Q1), while imports grew 5 percent (vs 3.5 percent in Q1). On the other hand, both household consumption (-0.4 percent vs -0.7 percent) and government spending (-0.7 percent vs -3.6 percent) declined. Year-on-year, the economy grew at a record 16.2 percent, rebounding from a 2.3 percent contraction in the previous quarter, amid a low base effect from last year and the ongoing recovery. source: National Statistical Service of Greece
GDP Growth Rate in Greece averaged 0.21 percent from 1995 until 2021, reaching an all time high of 4.50 percent in the first quarter of 2021 and a record low of -12.90 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 November of 2021.
GDP Growth Rate in Greece is expected to be 3.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece GDP Growth Rate is projected to trend around 0.50 percent in 2022 and 0.40 percent in 2023, according to our econometric models.