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Greece GDP Growth Rate (YoY)

Greece's GDP growth slowed to 1.7% year-on-year in Q2 2025, down from 2.2% in Q1 2025. This is the lowest rate since Q1 2021. The slowdown was driven by lower final consumption expenditure. Gross fixed capital formation increased quarterly by 7.4% and exports rebounded. Services inflation and wage growth continue to pressure consumer prices. Greece's record low GDP growth (YoY) was -16% in Q2 2020 and record high was 15% in Q2 2021.

Quarterly Historical Data (2015-2025)

(in %)
Quarter GDP Growth Rate (YoY)
Q2 2025 1.7%
Q1 2025 2.2%
Q4 2024 2.5%
Q3 2024 2.3%
Q2 2024 2.1%
Q1 2024 2.1%
Q4 2023 2%
Q3 2023 2.2%
Q2 2023 3.1%
Q1 2023 2%
Q4 2022 4.1%
Q3 2022 4.7%
Q2 2022 6.7%
Q1 2022 8%
Q4 2021 10.2%
Q3 2021 11.5%
Q2 2021 15%
Q1 2021 -2.2%
Q4 2020 -7.9%
Q3 2020 -10.4%
Q2 2020 -16%
Q1 2020 -1.6%
Q4 2019 1%
Q3 2019 2.1%
Q2 2019 2.4%
Q1 2019 1.6%
Q4 2018 2.2%
Q3 2018 0.5%
Q2 2018 1.7%
Q1 2018 1.8%
Q4 2017 0.4%
Q3 2017 1.9%
Q2 2017 1.3%
Q1 2017 0.7%
Q4 2016 -0.2%
Q3 2016 0.9%
Q2 2016 -1.3%
Q1 2016 -1.2%
Q4 2015 0.3%
Q3 2015 -2.4%
Q2 2015 0.5%

Recent Events

datetime event actual previous consensus
2025-09-05 05:00 AM GDP Growth Rate YoY (Q2) 1.7% 1.8% -
Greece GDP Growth Rate (YoY) : Definition
Greece's quarterly GDP annual growth rate measures the percentage change in the nation's total economic output from one quarter to the next, scaled up to represent a full year. This calculation reflects the pace of expansion or contraction in the Greek economy, comparing the current quarter's value of all goods and services produced to the previous quarter's value and then annualizing the growth.