The coast of Greece

Greece Industry

Greece Industry

Industrial Production in Greece

Over the past decade until 2022, Greece's economy recorded an average industrial production growth rate of 1.4%, slightly above the Euro Area's average of 1.1%. In 2022, industrial production growth was 2.4%. For more industry information, visit our dedicated page.

Greece Industry Chart

Note: This chart displays Industrial Production (annual variation in %) for Greece from 2014 to 2023.
Source: Hellenic Statistical Authority.

Greece Industry Data

2018 2019 2020 2021 2022
Industrial Production (ann. var. %) 1.6 -0.7 -2.0 10.1 2.4

Industrial output falls in March

Industrial production decreased 1.3% month-on-month in seasonally adjusted terms in March (February: -1.7% mom). Looking at the details of the release, electricity supply output gained momentum, while manufacturing production dropped at a faster pace in March. Meanwhile, water supply output dropped. On an annual basis, industrial production fell 0.6% in March (February: +1.6% yoy), the worst result since July 2023. Moreover, the trend pointed down, with the annual average growth of industrial production coming in at 2.6%, down from February's 2.7%.

Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Greek industry projections for the next ten years from a panel of 7 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Greek industry.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Greek industry projections.

Want to get access to the full dataset of Greek industry forecasts? Send an email to info@focus-economics.com.

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