Greece GDP


Greece: Economy grows at fastest pace in over six years

February 13, 2015

In the fourth quarter of 2014, the economy expanded 1.7% over the same period of the previous year, according to an advance estimate released by the Hellenic Statistical Authority (EL.STAT) on 13 February. Q4’s reading marked an acceleration over the 1.6% expansion recorded in Q3 2014 and undershot market expectations of a 2.1% increase.

The economy contracted 0.2% in Q4 2014 over the previous quarter in seasonally-adjusted terms, which notably contrasted the 0.8% expansion tallied in Q3. The statistical institute will release more detailed data on 27 February.

FocusEconomics Consensus Forecast panelists see the economy showing 1.9% in 2015, which is down 0.1 percentage points over last month’s forecast. For 2016, the panel expects growth of 2.5%.

Author:, Economist

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Greece GDP Chart

Greece GDP Q4 2014 0

Note: Year-on-year changes of GDP in %.
Source: Hellenic Statistical Authority (EL.STAT) and FocusEconomics Consensus Forecast.

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