FX.co ★ Greece Q2 GDP Hits 1-Year High

In the second quarter of 2025, Greece's economy experienced a 0.6% growth compared to the previous quarter, reflecting an improvement from the 0.1% growth seen earlier, which itself was an upward revision. This performance represents the most robust economic expansion since the second quarter of 2024. The primary catalyst for this growth was the positive impact from net external demand; exports showed a strong rebound with a growth of 1.3%, as opposed to a decline of 0.6% in the first quarter, while imports decreased by 0.9%, reversing the prior increase of 0.4%. Additionally, there was a marked recovery in gross fixed capital formation, which surged by 7.4%, compared to a decrease of 5% previously. However, the overall GDP was slightly impeded by a decrease in final consumption expenditure, which fell by 0.1%, in contrast to a 1.1% increase in the previous quarter. This decline was primarily due to a reduction in household consumption, which decreased by 0.2% after a 1.2% rise earlier, despite government spending recovering with a rise of 2.4% following a previous decline of 1.8%. Annually, Greece's GDP grew by 1.7% in the second quarter of 2025, marginally lower than the revised figure of 1.8% recorded in the previous quarter.