Greece’s economy is projected to maintain a growth rate higher than the eurozone average through 2028, despite challenges such as rising inflation and high energy prices, as reported by the Bank of Greece. The economic outlook suggests that Greece’s GDP will grow by 2% in 2026, 1.9% in 2027, and rebound to 2% in 2028.
In the second quarter of 2026, Greece’s GDP increased by 1.9% year on year, surpassing the eurozone’s average growth of 1.2%. This growth is primarily driven by household consumption, investment, and exports. Data from the quarter indicate 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 report highlights that faster-growing imports compared to exports have limited the positive impact of international trade on overall economic growth. To counter this, strengthening domestic production and enhancing export capacity are identified as critical priorities for sustaining economic momentum.
The Bank of Greece also warns that rising inflation, especially in the energy and services sectors, poses a risk to household purchasing power, which could affect the economic outlook in the upcoming years. Addressing these inflationary pressures will be crucial to maintaining the country’s growth trajectory.