Greek Economy
In 2023, the Greek economy achieved a growth rate of 2.0%, as the GDP at current prices reached 220.3 billion Euros. Along with the increase in GDP, there was a decrease in the annual average unemployment rate (from 12.4% in 2022 to 11.1% in 2023) as well as in the annual average inflation (from 9.6% in 2022 to 3.5% in 2023), as shown in the table below.
Main Economic Indicators for Greece 2019-2023
|
2019 |
2020 |
2021 |
2022 |
2023 |
|
| GDP prices of reference year 2015 (% change) |
1.9% |
-9.3% |
8.4% |
5.6% |
2.0% |
|
GDP at current prices (% change) |
2.1% |
-10.0% |
10.0% |
13.8% |
6.6% |
|
GDP at current prices (billion euros) |
183.3 |
165.0 |
181.5 |
206.6 |
220.3 |
|
Inflation (annual average) |
0.3% |
-1.2% |
1.2% |
9.6% |
3.5% |
|
Labor productivity |
-0.1% |
-6.5% |
8.0% |
12.1% |
4.5% |
|
Unemployment rate (annual average) |
17.3% |
16.3% |
14.7% |
12.4% |
11.1% |
|
Investments (% GDP) |
10.7 |
12.1 |
13.3 |
13.7 |
n/a |
|
Private sector (% GDP) |
8.2 |
9.0 |
9.7 |
10.2 |
n/a |
|
General Government (% GDP) |
2.5 |
3.1 |
3.6 |
3.5 |
n/a |
|
Exports of goods at current prices (€ billions) |
33.9 |
30.8 |
40.3 |
55.8 |
50.9 |
|
Imports of goods at current prices (€ billions) |
55.7 |
48.9 |
65.8 |
94.6 |
82.0 |
Source: Hellenic Statistical Authority