Greece’s economy is anticipated to continue outpacing the average growth of the eurozone through 2028, according to projections from the Bank of Greece. Despite challenges such as rising inflation and high energy prices, Greece’s economic outlook remains robust compared to its European counterparts.
Forecasts indicate that Greece’s gross domestic product (GDP) will grow by 2% in 2026, followed by 1.9% in 2027, and again 2% in 2028. In the second quarter of 2026, Greece registered a year-on-year economic expansion of 1.9%, surpassing the eurozone’s average growth rate of 1.2%. This growth is primarily driven by household consumption, investment, and exports.
During this period, private consumption in Greece increased by 1.7%, investment surged by 6.1%, and exports of goods and services grew by 2.2% compared to the same quarter the previous year. However, the growth in imports outpaced that of exports, which has limited the positive impact of international trade on the overall economy. Addressing this issue by strengthening domestic production and enhancing export capacity remains a significant priority for the country.
Inflation, particularly in energy and services, poses a potential threat to the economic outlook by exerting pressure on household purchasing power. The Bank of Greece highlights this as a concern that could affect economic performance in the coming years. Nonetheless, the forecasted growth rates suggest a resilient economic trajectory for Greece amidst global uncertainties.