The Greek Economy

2017 was a landmark year for the Greek economy, as it ended a multiannual period of economic crisis and recession, bringing it back to the pathway of growth.

More specifically, 2017 is the first year of economic recovery based on healthy sources (exports, investments, reforms and program compliance) that are capable of providing continuity and sustainability to growth.

2018 is also a key year for the Greek economy, since it launches its exit from the Memoranda and the tough guardianship in order to bring in it line with a sustainable, balanced and fair development.

Major Economic Indicators*billion Euro 

 2011

2012 

 2013

 2014

2015

2016

2017

 GDP (Constant prices 2010)

 -9,1%

-7,3%

-3,2%

 0,7%

 -0,3%

 -0,2%

+1,4%

Inflation: Annual Average

 3,3%

 1,5%

-0,9%

-1,3% 

 -1,7%

 -0,8%

1,1%

Labour Productivity (EU-28=100)**

 85,5

 85,9

86,9

86,2 

 83,2

 81

n.a.

Unemployment Rate

 17,9%

 24,4%

27,5%

26,5% 

 24,9%

 23,5%

Public Investments (%GDP)**

 2,5%

  2,5%

3,4%

3,7% 

 3,9%

 3,2%

n.a.

Exports (Goods – Current Prices)*

 24,3

27,6

27,6

 27,1

 25,9

 25,4

28,8

Imports (Goods – Current Prices)*

 48,4

 49,3

46,9

 48,3

 43,6

 44,0

50,2

** Source: Eurostat
Source: Hellenic Statistical Authority

FILES FOR DOWNLOAD

Economic Bulletin 1 MoF Greece
Economic Bulletin 2 MoF Greece
Economic Bulletin 5 MoF (September 2018)

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