Greece GDP Annual Growth Rate 1996-2015 | Data | Chart | Calendar

Greek GDP expanded 1.7 percent year-on-year in the three months to June, from an unrevised 0.2 percent growth in Q1. Final consumption expenditure was the main driver of growth as it increased 2.7 percent (+0.5 percent in Q1) boosted by consumer spending of 2.8 percent (1 percent in Q1) and by government spending of 2.4 percent (-1.2 percent in Q1). By contrast, investments contracted by 4.9 percent, after increasing 17.4 percent in Q1. Also, exports of goods and services shrank 1.9 percent and imports fell at a faster 3.9 percent. GDP Annual Growth Rate in Greece averaged 0.98 percent from 1996 until 2015, reaching an all time high of 7.50 percent in the fourth quarter of 2003 and a record low of -10.40 percent in the first quarter of 2011. GDP Annual Growth Rate in Greece is reported by the National Statistical Service of Greece.

 

After six consecutive years of deep recession, during which Greek GDP contracted by more than 25 percent, the economy showed for the first time an expansion of 0.8 percent in 2014, driven by higher exports of goods and services and increased private consumption. Nevertheless, compared to 2008 and in nominal terms, the gross fixed capital formation contracted by 64 percent; the public spending declined by 28 percent; the private consumption went down by 23 percent; and employment shrank by 20 percent. In 2014, the private final consumption expenditure was the main component of GDP accounting for 72 percent of its total use, followed by the government final consumption expenditure (20 percent) and the gross capital formation (12 percent). This page provides the latest reported value for - Greece GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Content for - Greece GDP Annual Growth Rate - was last refreshed on Tuesday, October 6, 2015.

 

 

 

Greece GDP Last Previous Highest Lowest Unit
GDP 237.59 242.23 354.62 4.45 USD Billion
GDP Growth Rate 0.90 0.00 3.30 -4.70 percent
GDP Annual Growth Rate 1.70 0.20 7.50 -10.40 percent
GDP Constant Prices 47664.00 43324.00 65168.00 36355.30 EUR Million
GDP per capita 18377.24 18120.61 24307.57 5359.77 USD
Gross Fixed Capital Formation 5023.00 5714.00 16615.00 4984.20 EUR Million
GDP per capita PPP 24501.53 24159.39 32408.19 20905.69 USD
GDP From Agriculture 1386.87 1447.68 2095.91 1261.33 EUR Million
GDP From Construction 695.24 524.95 4258.09 524.95 EUR Million
GDP From Mining 4229.54 4029.82 7714.59 3912.61 EUR Million
GDP From Public Administration 9785.56 9175.81 11356.37 7482.85 EUR Million
GDP From Services 10849.35 8475.51 16491.95 6876.98 EUR Million

 

 

 

Countries GDP Annual Growth Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jun/15 2.50 9.00 -3.40 percent
Brazil -2.60 Jun/15 -1.60 10.10 -3.15 percent
Canada 1.00 Jun/15 2.00 8.80 -3.90 percent
China 7.00 Jun/15 7.00 105.00 3.80 percent
Euro Area 1.50 Jun/15 1.20 5.00 -5.60 percent
France 1.08 Jun/15 0.94 12.50 -3.95 percent
Germany 1.60 Jun/15 1.20 6.00 -7.90 percent
India 7.00 Jun/15 7.50 11.40 -5.20 percent
Indonesia 4.67 Jun/15 4.71 7.16 1.56 percent
Italy 0.70 Jun/15 0.20 10.30 -7.20 percent
Japan 0.80 Jun/15 -0.80 9.40 -9.40 percent
Mexico 2.20 Jun/15 2.50 8.50 -8.10 percent
Netherlands 1.80 Jun/15 2.50 5.80 -4.40 percent
Russia -4.60 Jun/15 -2.20 12.10 -11.20 percent
South Korea 2.20 Jun/15 2.50 18.20 -7.30 percent
Spain 3.10 Jun/15 2.70 5.60 -4.30 percent
Switzerland 1.20 Jun/15 1.20 5.40 -3.60 percent
Turkey 3.80 Jun/15 2.30 12.60 -14.70 percent
United Kingdom 2.40 Jun/15 2.70 9.80 -5.90 percent
United States 2.70 Jun/15 2.90 13.40 -4.10 percent