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Greece achieved a real GDP growth rate of 0.8% in 2014—after five consecutive years of economic decline—but the economy contracted by 0.2% in 2015 and recorded zero growth in 2016. [ 57 ] [ 61 ] The country returned to modest growth rates of 1.5% in 2017, 2.1% in 2018 and 2.3% in 2019. [ 57 ]
Today, KEPE is a leading economics research institute in Greece. It focuses on applied research projects concerning the Greek economy, and provides expert advice to the Greek government on economic and social policy issues. [1] [3] In April 2019, the Greek government formally appointed KEPE as the National Productivity Board for Greece. [4]
Living Conditions in Greece which is designed for users of statistics who seek updated information on recent social developments, as well as long-term social trends. Greece in figures which presents statistical data providing an updated demographic, social and economic picture of Greece in a clear and comprehensive manner.
Authorities expect economic output to increase by 5.6% in 2022, better than forecast in the draft budget due to stronger tourism revenues. UPDATE 1-Greek economy to grow by 1.8% in 2023, rebound ...
The planned purchase of Greek bonds from private creditors by the euro rescue fund at their face value will burden the private sector with at least another €12.6bn. [5] It was also announced at the EU summit, a reconstruction plan for Greece in order to promote economic growth. [3] The European Commission established a "Task Force for Greece ...
The Greek economic program was a macroeconomic stabilization with reforms including higher taxes on the middle class and pension cuts amounting to 3.5 percent of GDP (or surplus) until 2022. The Greek government promised to relax capital controls and preserve labor-market reforms, liberalizing Sunday trade and facilitating investment.
The Greek economy was one of the Eurozone's fastest growing from 2000 to 2007, averaging 4.2% annually, as foreign capital flooded in. [59] This capital inflow coincided with a higher budget deficit. [36] Greece had budget surpluses from 1960 to 1973, but thereafter it had budget deficits.
The OECD estimated in August 2009, the size of the Greek black market to be around €65bn (equal to 25% of GDP), resulting each year in €20bn of unpaid taxes. [6] This is a European record in relative terms, and in comparison almost twice as big as the German black market (estimated to 15% of GDP). [7]