The annual growth rate of total credit extended to the Greek economy eased to 4.7% in April 2023, the least since May 2020, following a 5.2% in the previous month. Credit to the general government surged by 6% annually, accelerating from the 5.3% growth in the previous month. At the same time, the credit growth to the private sector rose to 3.9% in April, decelerating from 5.2% growth in March. source: Bank of Greece
Loan Growth in Greece averaged 5.06 percent from 2004 until 2023, reaching an all time high of 21.20 percent in May of 2006 and a record low of -7.90 percent in October of 2013. This page provides the latest reported value for - Greece Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Total Credit YoY - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.
Loan Growth in Greece is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Total Credit YoY is projected to trend around 1.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.