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Greece

Headline economic indicators for Greece, with the most recent official readings.

Prices

Prices — Greece
Indicator Value Change
Inflation rate · 2.5% -0.26 (-9.5%)
Consumer price index · 121.7 +2.95 (+2.5%)
Inflation rate (monthly) · 5.1% +1.40 (+37.8%)
Harmonised consumer price index · 130.2 +2.43 (+1.9%)
House price index (quarterly) · 122.4 +1.57 (+1.3%)
House price inflation, year on year (quarterly) · 5.5% -1.08 (-16.4%)
Real house price index (quarterly) · 95.8 -1.92 (-2.0%)
Real house price growth, year on year (quarterly) · 0.5% -2.98 (-86.9%)
Producer prices, year on year (monthly) · 20.4% +5.50 (+36.9%)
GDP deflator inflation · 2.8% -0.43 (-13.5%)

GDP

GDP — Greece
Indicator Value Change
GDP growth rate · 2.1% -0.01 (-0.6%)
GDP per capita · 26,948.01 +2,322 (+9.4%)
GDP growth, quarter on quarter · 0.3% +0.10 (+50.0%)
GDP growth, year on year (quarterly) · 1.9% -0.10 (-5.0%)
Industrial production, year on year (monthly) · 6.0% +7.00 (+700.0%)
Retail sales volume, year on year (monthly) · 6.1% +1.00 (+19.6%)
Economic sentiment indicator (monthly) · 106.9 -0.70 (-0.7%)
Consumer confidence (monthly) · -48.9 -7.30 (-17.5%)
GDP per capita, long-run history · 25,284 +1,552 (+6.5%)
GDP · 280,635,521,324.44 +24,397,149,546 (+9.5%)
GDP, PPP · 471,373,929,531 +11,769,216,920 (+2.6%)
GDP per capita, PPP · 45,264 +1,093 (+2.5%)
GDP per capita growth · 2.0% -0.12 (-5.8%)
GNI per capita · 25,360 +2,630 (+11.6%)
Agriculture to GDP · 3.6% -0.20 (-5.2%)
Industry to GDP · 15.2% +0.22 (+1.5%)
Manufacturing to GDP · 9.1% +0.01 (+0.1%)
Services to GDP · 67.4% -0.56 (-0.8%)
Household consumption to GDP · 69.0% +0.38 (+0.5%)
Gross capital formation to GDP · 17.2% -1.05 (-5.7%)
Gross savings to GDP · 11.4% +0.62 (+5.8%)

Labour

Labour — Greece
Indicator Value Change
Unemployment rate · 8.5% -1.48 (-14.8%)
Unemployment rate (monthly) · 7.6% +0.20 (+2.7%)
Labour force participation rate · 52.0% -0.38 (-0.7%)
Female labour force participation rate · 44.7% -0.36 (-0.8%)
Youth unemployment rate · 21.4% -0.99 (-4.4%)
Employment to population ratio · 47.5% +0.43 (+0.9%)
Employment in agriculture · 10.7% -0.31 (-2.8%)
Employment in industry · 16.3% -0.04 (-0.2%)
Employment in services · 73.0% +0.35 (+0.5%)

Money

Money — Greece
Indicator Value Change
Central bank policy rate · 2.7% +0.25 (+10.4%)
ECB deposit facility rate · 2.5% +0.25 (+11.1%)
Real effective exchange rate (monthly) · 102.7 +1.50 (+1.5%)
Nominal effective exchange rate (monthly) · 111.1 -0.16 (-0.1%)
Private sector credit to GDP (quarterly) · 96.7% -0.65 (-0.7%)
Credit-to-GDP gap (quarterly) · -18.10 pp +0.53 (+2.9%)
Cost of borrowing for house purchase (monthly) · 3.3% +0.03 (+0.9%)
Cost of borrowing for corporations (monthly) · 4.4% +0.08 (+1.8%)
10-year government bond yield (monthly) · 4.2% +0.35 (+9.0%)
Private sector credit to GDP · 48.5% -0.67 (-1.4%)
Stock market capitalization to GDP · 46.0% +13.49 (+41.5%)
Bank nonperforming loans · 3.0% -0.51 (-14.8%)
Official exchange rate · 0.88 -0.04 (-4.2%)

Trade

Trade — Greece
Indicator Value Change
Current account to GDP · -5.6% +1.50 (+21.1%)
Exports to GDP · 39.5% -2.65 (-6.3%)
Imports to GDP · 44.0% -3.67 (-7.7%)
Trade to GDP · 83.5% -6.32 (-7.0%)
Exports of goods and services · 110,743,741,990.48 +2,837,463,130 (+2.6%)
Imports of goods and services · 123,451,154,937.68 +1,315,520,354 (+1.1%)
Trade balance, goods and services (annual) · -11,916,612,207.5 +2,010,785,806 (+14.4%)
Current account balance (annual) · -15,733,157,185.17 +2,484,118,673 (+13.6%)
Foreign direct investment to GDP · 4.8% +2.21 (+83.8%)
Remittances received to GDP · 0.2% -0.01 (-5.2%)
Total reserves, including gold · 24,047,515,202.45 +8,825,765,007 (+58.0%)
Reserves in months of imports · 2.0 +0.74 (+57.5%)

Government

Government — Greece
Indicator Value Change
Government debt to GDP (quarterly) · 140.8% -2.70 (-1.9%)
Government revenue to GDP · 44.8% +1.36 (+3.1%)
Government expense to GDP · 47.3% -3.50 (-6.9%)
Tax revenue to GDP · 27.4% +0.89 (+3.4%)
Government budget balance to GDP · 1.2% +2.39 (+203.6%)
Government consumption to GDP · 18.2% -0.35 (-1.9%)
Education spending to GDP · 3.4% -0.18 (-4.9%)
Health spending to GDP · 8.4% -0.06 (-0.7%)

Demography

Demography — Greece
Indicator Value Change
Population · 10,413,962 +8,828 (+0.1%)
Population, long-run history · 10,437 -61.56 (-0.6%)
Population growth · 0.1% +0.11 (+498.1%)
Life expectancy · 81.8 +0.10 (+0.1%)
Fertility rate · 1.24 -0.02 (-1.6%)
Birth rate · 6.6 -0.20 (-2.9%)
Death rate · 12.1 -0.10 (-0.8%)
Urban population share · 79.2% +0.23 (+0.3%)
Population aged 65 and over · 24.4% +0.46 (+1.9%)
Under-five mortality rate · 3.8 -0.10 (-2.6%)
Population density · 80.7 -0.02 (-0.0%)
Net migration · 16,636 +139,408 (+113.6%)
Gini index · 33.4 +0.00 (+0.0%)

Source: Bank for International Settlements (BIS). Translated titles are not official BIS translations.

Source: ECB

Source: ECB euro foreign exchange reference rates

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Greece

Economies nearby

Comparable readings from neighbouring economies.