Greece's gross domestic product expanded 2.7 percent on quarter in the three months to September of 2021, easing from a downwardly revised 2.1 percent advance in the previous quarter. Both household consumption (1.1 percent vs 1.8 percent in Q2) and gross fixed capital formation (3.9 percent vs 4.7 percent) slowed while government expenditure declined (-0.1 percent vs 1.7 percent). Meanwhile, foreign demand contributed positively to growth as exports surged 12.6 percent (vs -8.8 percent in Q2) while imports increased at a softer 7.3 percent (vs 8.3 percent in Q2). Year-on-year, the economy grew 13.4 percent, following a record 16.6 percent expansion in the prior quarter. source: National Statistical Service of Greece
GDP Growth Rate in Greece averaged 0.22 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 January of 2022.
GDP Growth Rate in Greece is expected to be 1.20 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.