Economic growth picks up in the third quarter of 2025

GDP growth gains speed for a third straight quarter in Q3: Greece's GDP grew 0.6% on a seasonally adjusted quarter-on-quarter basis in Q3, accelerating for a second straight quarter this year, following a downwardly revised 0.4% expansion in the previous quarter. On an annual basis, Greece’s economy expanded 2.0% in seasonally adjusted terms, up from 1.6% in Q2.

Investment and consumption drive growth: Relative to the prior period's data, Q3 readings improved for government consumption (+0.2% in seasonally adjusted quarter-on-quarter terms vs 0.0% in Q2) and total investment (+4.4% vs -5.3% in Q2), which includes changes in inventories. At the same time, the reading for fixed investment softened (+3.5% vs +8.7% in Q2). Meanwhile, the variation in private consumption was the same as in the prior quarter (+0.7% in Q3 and Q2). On the external front, readings for both exports of goods and services (+0.2% vs +0.7% in Q2) and imports of goods and services (-1.6% vs -1.1% in Q2) softened compared to Q2.

GDP growth to remain above eurozone average: Our Consensus is for GDP growth to remain roughly stable for the fourth consecutive year in 2026, keeping the economy among the fastest-growing in the euro area. Tourism—the pillar of the Greek economy—will likely continue to support employment and household spending, while EU recovery funds should boost growth in fixed investment.

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.

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