ELSTAT: Greek Economy Grows 2% in Q1 2026

The Greek economy demonstrated robust growth in the first quarter of 2026, expanding by 2% compared to the corresponding period in 2025, according to data released by the Hellenic Statistical Authority (ELSTAT). This expansion was largely fueled by a substantial increase in investments, signaling a positive trend for the nation's economic outlook.

Analysis of the quarterly national accounts reveals that the overall final consumption expenditure rose by 1%. Within this, household consumption saw a modest increase of 0.7%, while government consumption grew by 1.6%. A key driver of the economic growth was the significant surge in private investment, which recorded an impressive 12.1% increase. Exports of goods and services also contributed positively, growing by 2.4% year-on-year, with goods exports up 2.8% and services exports up 3.1%.

In a quarter-on-quarter comparison, the data indicates a 0.6% increase in total final consumption expenditure. Household consumption remained stable, while government consumption saw a notable rise of 2.4%. However, gross fixed capital formation, a measure of investment, experienced a slight decrease of 2.5% in the same quarterly comparison. Exports of goods and services grew by 0.3%, with a slight decline in goods exports offset by a 1.2% increase in services exports. Imports of goods and services decreased by 0.6% overall.