Greece’s economy is projected to grow at a faster pace than the average of the eurozone through 2028, as reported by the Bank of Greece. Despite facing challenges such as rising inflation and elevated energy prices, the country’s economic outlook remains promising.
The Bank of Greece’s economic forecasts suggest that the nation’s GDP will increase by 2% in 2026, 1.9% in 2027, and return to 2% in 2028. This growth trajectory surpasses the broader eurozone average, which saw a 1.2% increase in the second quarter of 2026, compared to Greece’s 1.9% year-on-year growth during the same period.
Household consumption, investment, and exports are expected to be the primary drivers of Greece’s economic activity. In the second quarter of 2026, private consumption rose by 1.7%, investment surged by 6.1%, and exports of goods and services increased by 2.2% compared to the previous year. However, the pace of imports outstripped that of exports, posing a challenge to the contribution of international trade to overall growth.
To bolster economic performance, Greece aims to strengthen domestic production and expand export capacity. These efforts are crucial to offset the limitations posed by the current trade dynamics.
Inflation, particularly in the energy and services sectors, poses a significant risk as it could erode household purchasing power and potentially influence the country’s economic outlook in the coming years. Addressing these inflationary pressures remains a priority for sustaining long-term growth.