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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

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