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.
|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|