Greece’s GDP expanded by 2% in the third quarter of 2025, according to provisional data from the Hellenic Statistical Authority (ELSTAT), marking an acceleration from the 1.7% growth recorded in the previous quarter. Seasonally adjusted figures show the economy grew 0.6% compared with the second quarter and 2% year-on-year. Non-adjusted data point to the same annual increase.
Key macroeconomic indicators underline the drivers behind the upturn.
Quarter-on-Quarter Trends
Household and government consumption rose 0.6% from the second quarter, reflecting resilient domestic demand. Fixed investment posted a solid 3.5% increase, reinforcing its role as a central pillar of growth.
Exports edged up 0.2% overall: goods shipments increased 1.1%, while services exports—traditionally supported by tourism—slipped 0.4%. Imports fell 1.6%, with goods down 2.3% and services up 1%. The decline in goods imports contributed positively to the quarterly GDP reading.
Year-on-Year Trends
Compared with the third quarter of 2024, final consumption rose 2.1%, supported by steady consumer activity. Fixed investment surged 12.8%, highlighting robust capital spending across sectors. Total exports increased 1.7%, with both goods and services advancing. Imports dropped 4%, driven mainly by a 5% fall in goods, while services imports declined more modestly.
Overall, the data point to an economy gaining momentum, powered by investment and a favorable external balance, even as services exports show early signs of moderation.
