Greece is projected to sustain a faster economic growth rate than the eurozone average through 2028, despite facing challenges from rising inflation and high energy prices, according to the Bank of Greece. The country’s economic outlook remains robust, with GDP growth forecasts of 2% in 2026, 1.9% in 2027, and 2% in 2028. This performance surpasses the broader eurozone’s expected growth.
In the second quarter of 2026, Greece’s economy demonstrated significant resilience by expanding 1.9% year-on-year, while the eurozone recorded a 1.2% growth rate. Key drivers of this economic activity include household consumption, investment, and exports. Data highlights a 1.7% increase in private consumption, a 6.1% rise in investment, and a 2.2% growth in exports of goods and services compared to the same period the previous year.
However, the positive impact of international trade on Greece’s overall growth has been constrained by a faster increase in imports relative to exports. This trend underscores the importance of enhancing domestic production and boosting the nation’s export capacity to sustain the growth momentum.
Inflation, particularly in the energy and services sectors, poses a potential threat to household purchasing power and may influence Greece’s economic prospects in the coming years. Addressing these inflationary pressures remains crucial for maintaining the country’s economic trajectory.