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Greece’s economic growth slowed sharply in the second quarter of 2025, rising just 1.7% compared with the same period last year, according to preliminary figures released by the Hellenic Statistical Authority (ELSTAT). The slowdown comes as the government had initially projected growth of 2.3% for the year.
In quarterly terms, seasonally adjusted GDP increased by 0.6% in Q2 compared with Q1 2025. While the first quarter had seen stronger growth at 2.2%, data from the second quarter indicated a deceleration in key economic indicators.
Key components of the Greek economy showed mixed trends:
- Final consumption declined by 0.1% from Q1 2025 but rose 1.0% year-on-year.
- Gross fixed capital formation increased 7.4% from the previous quarter and 6.5% year-on-year.
- Exports of goods and services grew 1.3% from Q1 and 1.9% year-on-year, with goods falling slightly by 1.1% but services up 3.9%.
- Imports of goods and services fell 0.9% from Q1 and 3.2% year-on-year, with goods down 4.8% and services up 1.5%.
ELSTAT highlighted that these preliminary figures are subject to revision. Updated data for the third quarter of 2025, along with benchmarking adjustments to annual national accounts, are expected to be published on October 16, 2025.
The slowdown in Q2 comes as Prime Minister Kyriakos Mitsotakis prepares to address the Thessaloniki International Fair, an event closely watched by investors and policymakers for signals on Greece’s economic trajectory.
