The Greek Economy

During 2020, the GDP was reduced by 8.2%. Apart from that, a fall both in unemployment and inflation were also achieved, as shown at the following table:

Major Economic Indicators

2015

2016

2017

2018

2019

2020

 GDP (Constant prices 2015)

 -0.4%

 -0.5%

+1.3%

+1.6%

+1.9%

-8,2%

Inflation: Annual Average

 -1.7%

 -0.8%

1.1%

0.6%

0.3%

-1,2%

Labour Productivity (EU-27=100)**

 78.1

 73.6

74.3

73.4

72.9

n.a.

Unemployment Rate

 24.9%

 23.5%

21.5%

19.3%

17.3%

16.3%

Public Investments (%GDP)**

 3.9%

 3.6%

4.5%

3.3%

2.5%

n.a.

Exports (Goods – Current Prices)*

 25.8

 25.4

28.9

33.5

33.9

30.7

Imports (Goods – Current Prices)*

 42.2

 42.3

47.3

54.1

55.8

48.7

*billion Euros 

** Source: Eurostat

***Source: Hellenic Statistical Authority

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