Net external demand also contributed positively to the GDP, as imports fell more than exports. The European economy is forecast to continue expanding for the seventh year in a row in 2019, with real GDP expected to grow in all EU Member States. Industrial output fell 3.8% year-on-year in working-day adjusted terms in August, dropping at a significantly faster pace than July’s 0.2% decline and marking the 11th consecutive month of contraction. Accessed October 30, 2020. https://www.statista.com/statistics/263605/gross-domestic-product-gdp-growth-rate-in-greece/, IMF. 5 years of Greece economic forecasts for more than 30 economic indicators. Regarding net trade, exports went up 4.5 percent (vs 3.8 percent in Q2) while imports advanced 0.6 percent (vs -0.8 percent in Q2). This feature is limited to our corporate solutions. This page groups all documents and media related to the Autumn 2015 economic forecast. This was the deepest quarterly GDP contraction on record, induced by efforts to contain the rapid spread of COVID-19. Greece Economic Outlook. The Commission publishes macroeconomic forecasts for the EU and its member countries four times a year. Also, government expenditure slowed to 1.5 percent from 1.7 percent. The report sets out long-term GDP projections for 32 of the largest economies in the world over the period to 2050. source: World Bank 10Y 25Y The Winter 2020 Economic Forecast projects that the European economy is set to continue on a path of steady, moderate growth. The number of unemployed workers decreased by 69,395 in July compared to June while the seasonally-adjusted unemployment rate dropped to 16.8% from the previous month’s revised 18.0% (previously reported: 18.3%), according to data released by the Hellenic Statistical Authority. Greece’s economic freedom score is 59.9, making its economy the 100th freest in the 2020 Index. Household consumption shrank 0.9 percent, after growing 0.4 percent in the prior quarter; and gross fixed capital formation plunged 8.4 percent, following a 5.7 percent expansion. Household consumption slumped 11.3 percent, compared to a 0.9 percent decrease in Q1; and gross capital formation fell 4.5 percent, down from a 1.1 percent rise. Online Store The euro area and EU economies are both estimated to have grown by 2.4% in 2017, the fastest pace in a decade. Note that the tables above form our main scenario projections and are therefore subject to considerable uncertainties. At the same time, exports plummeted 32.1 percent (vs a flat reading percent in Q1), while imports fell at a softer 16.7 percent (vs 4.1 percent in Q1). As a result, Greece faced the worst crisis since 1974 and tough reforms enforced by the IMF and the European Commission as part of the bailout programme are taking place. October 27, 2020. LinkedIn
Chart. Published on 11 May 2017 and covering the period to the end of 2018. Projections for 2022-26 are PwC's medium-term projections. $39 per month* "Greece: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year)." About The euro area economy is on track to grow at its fastest pace in a decade this year, with real GDP growth forecast at 2.2%. This page groups all documents and media related to the Winter 2016 economic forecast, as well as a video summarising the main findings. The statistic depicts Greece's gross domestic product (GDP) growth rate from 2009 to 2019, with projections up until 2021. Growth rates for the euro area and the EU beat expectations last year as the transition from economic recovery to expansion continues. Information on the methodology and coverage of the economic forecasts published in this section. Exports increased 0.1 percent (vs -3.8 percent in Q4 2019) while imports advanced at a faster 5.4 percent (vs -4.9 percent in Q4 2019). 1995-2020 Data | 2021-2022 Forecast | Calendar | Historical. The Trading Economics Application Programming Interface (API) provides direct access to our data. Publish your articles and forecasts in our website. Following the entry to the European Union in 1980 and the Euro Area in 2000, the Greek economy had been recording high rates of growth.
Considering 2019 full year, the economy expanded 1.9 percent, the same pace as in 2018.
Growth is set to remain strong in 2018 and 2019, at 2.1% this year and 2% next year in (May 5, 2020). The European economy is now in its seventh consecutive year of growth and is forecast to continue expanding in 2020 and 2021.
This page groups all documents and media related to the Spring 2016 economic forecast, as well as a video summarising the main findings. facts. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Spring 2017 Economic Forecast. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Big Mac index - global prices for a Big Mac 2020, Profit from additional features with an Employee Account. Please do not hesitate to contact me. Economic growth in Europe is expected to remain modest as key trading partners' performance has slowed and some of the so far supportive factors start to wane. The IHS Markit manufacturing Purchasing Managers’ Index (PMI) rose from 49.4 in August to 50.0 in September, marking the highest reading since February. Google+, Facebook Greece's economy shrank 14 percent on quarter in the three months to June of 2020, following a 0.7 percent decline in the previous period.
Then you will be able to mark statistics as favourites and use personal statistics alerts. Press On a yearly basis, the GDP growth slowed to 1 percent, the weakest since the first quarter of 2017. Greece: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year) [Graph]. Greece's economy contracted by 0.7 percent on quarter in the final three months of 2019, reversing a revised 0.4 percent expansion in the previous period, due to a 9.7 percent slump in gross capital formation. Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. The economic recovery in the euro area and the European Union as a whole is now in its third year. Greece's economy shrank 1.6 percent on quarter in the first three months of 2020, following a 0.7 percent decline in the previous period. Please see www.pwc.com/structure for further details. Industrial output fell 0.2% year-on-year in working-day adjusted terms in July, which was a markedly softer drop than June’s 4.9% contraction. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Our economic projections table summarises our main scenario GDP and inflation projections. In contrast, household consumption rebounded (0.4 percent vs -0.2 percent). Click on the button below to get started. | Greece Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed, Economic Growth (GDP, annual variation in %), Industrial Production (annual variation in %), Inflation Rate (HICP, annual variation in %, eop), Inflation Rate (HICP, annual variation in %), Greece: Industrial output drops for 11th-consecutive month in August, Greece: Unemployment rate drops to its lowest in three months in July, Greece: Manufacturing conditions hold stable in September, Greece: Unemployment rate climbs in June amid coronavirus pandemic, Greece: Decline in industrial activity softens in July. LinkedIn Greece's economy shrank 14 percent on quarter in the three months to June of 2020, following a 0.7 percent decline in the previous period. IMF. Growth rates for the EU and the euro area beat expectations in 2017 to reach a 10-year high at 2.4%.
", IMF, Greece: Real gross domestic product (GDP) growth rate from 2009 to 2021 (compared to the previous year) Statista, https://www.statista.com/statistics/263605/gross-domestic-product-gdp-growth-rate-in-greece/ (last visited October 30, 2020), Greece: Real gross domestic product (GDP) growth rate from 2009 to 2021, Median age of the population in Greece 2015, Gross domestic product (GDP) in Greece 2021, Greece's share of global gross domestic product (GDP) 2024, Gross domestic product (GDP) per capita in Greece 2024, Gross domestic product (GDP) growth rate in Greece 2021, Distribution of gross domestic product (GDP) across economic sectors in Greece 2019, Distribution of the workforce across economic sectors in Greece 2020, National debt of Greece in relation to gross domestic product (GDP) 2024, Ratio of military expenditure to gross domestic product (GDP) in Greece 2019, Government revenue and spending in Greece 2024, Ratio of government expenditure to gross domestic product (GDP) in Greece 2024, Budget balance in Greece in relation to gross domestic product (GDP) 2021, New cases of COVID-19 worldwide from January 23 to October 29, 2020, by day, Cumulative cases of COVID-19 worldwide from January 8 to October 29, 2020, by day, Forecast of the gross domestic product (GDP) growth in the euro countries 2021, Gross domestic product (GDP) growth in the G20 2nd quarter 2020, GDP growth in EU countries compared to same quarter previous year 2nd quarter 2020, Gross domestic product (GDP) growth in the G20 states 2nd quarter 2020, GDP growth in the EU and the Euro area compared to the previous quarter Q2 2020, Forecast on the GDP growth by world regions until 2021, Gross domestic product (GDP) growth in India 2nd quarter 2020, Change of the gross domestic product (GDP) of the euro area up to 2019, Gross domestic product (GDP) growth rate in Russia 1st quarter 2020, Change in US travel bookings to Greece in 2015 compared to 2014, Greece: monthly financial situation of consumers for the next 12 months in 2017-2018, Greece: monthly consumer price index for health in 2018-2020, Greece: enterprises generating & distributing electric power 2014-2018, Private business investments into Greek market between 2005 and 2015, by country, Manufacture of man-made fibres revenue in Poland 2010-2022, Italy: number of berths in Lazio 2017, by port captaincy, Industry revenue of “manufacture of cutlery, tools and general hardware“ in Sweden 2012-2024, State museums, monuments and archaeological areas in Lazio 2019, by province, NOx emissions of agriculture, forest and fishing industry in the UK 1990-2016.
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