Greece’s GDP expanded 0.8 percent on quarter in the three months to June of 2019, faster than a 0.2 percent growth in the pervious period. Government expenditure jumped 4.3 percent in Q2, rebounding from a 2.4 percent drop in Q1 and net foreign demand contributed positively to growth, as exports rose 3.3 percent (vs -1.9 percent) while imports edged down 0.8 percent (vs 5.3 percent). At the same time, fixed investment slowed (2.4 percent vs 8.5 percent) while government consumption fell (-0.4 percent vs 0.1 percent). On a yearly basis, the GDP grew 1.9 percent, following a 1.1 percent expansion in Q1. GDP Growth Rate in Greece averaged 0.23 percent from 1995 until 2019, reaching an all time high of 3.20 percent in the first quarter of 2006 and a record low of -4.80 percent in the first quarter of 2009.
GDP Growth Rate in Greece is expected to be 0.40 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 0.40 in 12 months time. In the long-term, the Greece GDP Growth Rate is projected to trend around 0.40 percent in 2020, according to our econometric models.