Greece's economy grew by 0.6 percent on quarter in the three months of September 2019, easing from an upwardly revised 1.3 percent expansion in the previous period. Both general government spending (-6.9 percent vs 6.5 percent in Q2) and gross fixed capital formation (-5.0 percent vs 1.9 percent) contracted. In contrast, household consumption rebounded (0.4 percent vs -0.2 percent). Regarding net trade, exports went up 4.5 percent (vs 3.8 percent in Q2) while imports advanced 0.6 percent (vs -0.8 percent in Q2). Year-on-year, the economy grew by 2.3 percent, after a revised 2.8 percent advance in the previous quarter.
GDP Growth Rate in Greece averaged 0.24 percent from 1995 until 2019, reaching an all time high of 3.30 percent in the first quarter of 2006 and a record low of -4.80 percent in the first quarter of 2009. 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.
GDP Growth Rate in Greece is expected to be 0.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Greece to stand at 0.60 in 12 months time. In the long-term, the Greece GDP Growth Rate is projected to trend around 0.40 percent in 2021, according to our econometric models.