Fixed Investment in Greece
In the year 2024, the fixed investment in Greece was 4.30%, compared to -2.39% in 2014 and 6.96% in 2023. It averaged 4.94% over the last decade. For more investment information, visit our dedicated page.
Greece Investment Chart
Note: This chart displays Investment (annual variation in %) for Greece from 2024 to 2019.
Source: Macrobond.
Greece Investment Data
2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|
Fixed Investment (ann. var. %) | -0.8 | 1.6 | 20.8 | 16.2 | 7.0 |
GDP growth accelerates in the fourth quarter
GDP growth picks up: GDP growth gathered traction to 0.9% on a seasonally adjusted quarter-on-quarter basis in the fourth quarter from 0.4% in the third quarter. On an annual basis, economic growth improved to 2.6% in Q4, following the previous period's 2.3% increase and marking the best result since Q2 2023. As a result, over 2024 as a whole, the economy expanded 2.3%, matching 2023’s outturn and exceeding the prior 10-year average of 1.4%.
Government spending, investment and exports drive the improvement: On the domestic front, public consumption bounced back in sequential terms, growing 1.1% in Q4 (Q3: -1.2% qoq s.a.). Moreover, fixed investment rebounded, growing 5.3% in Q4 (Q3: -0.2% qoq s.a.) and posting a two-year high, likely buttressed by ECB rate cuts. That said, private consumption contracted 0.3% in Q4, marking the worst result since Q4 2020 (Q3: +0.2% qoq s.a.). On the external front, exports of goods and services growth improved to 0.9% in Q4 (Q3: +0.7% qoq s.a.). Moreover, imports of goods and services fell at a sharper rate of 1.7% in Q4 (Q3: -0.8% qoq s.a.), marking the fastest decline since Q1 2023.
GDP growth to remain above trend: Our panel sees the economy losing some traction in Q1 but expects 2025 GDP growth to broadly match that of 2024, remaining elevated by historical standards. Exports are expected to strengthen amid healthier EU demand, while public spending should rebound as the government slows the pace of fiscal consolidation. Moreover, fixed investment will pick up thanks to ECB rate cuts. That said, private consumption, which makes up for around two-thirds of Greece’s GDP, is expected to cool. Conflict in the Middle East and global trade policies are key factors to monitor.
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Greek investment projections for the next ten years from a panel of 11 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 investment forecast available for Greek investment.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Greek investment projections.
Want to get access to the full dataset of Greek investment forecasts? Send an email to info@focus-economics.com.
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