Source: world bank Nominal/PPP
Summary:
Greece GDP Per Capita expanded from 1960 to 2024, increasing from $4.27 to $256.24 .The compound annual growth rate (CAGR) averaged 6.61% over the period. The economy recorded its peak level in 2008 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 45.5%, indicating the largest cyclical decline from peak levels. The country experienced 8 recession episode(s) during the observed period.
Greece Economic Phases (1960 - 2024)
From 1960 to 2024, Greece economy moved through multiple cyclical phases marked by alternating periods of rapid expansion and contraction.
- High Growth (1961–1979) indicating robust economic expansion
- Contraction (1983–1985) indicating temporary slowdown
- High Growth (1986–1988) indicating robust economic expansion
- High Growth (1990–1992) indicating robust economic expansion
- High Growth (1994–1996) indicating robust economic expansion
- Contraction (1999–2000) indicating temporary slowdown
- High Growth (2001–2004) indicating robust economic expansion
- High Growth (2006–2008) indicating robust economic expansion
- Contraction (2009–2011) indicating temporary slowdown
- Contraction (2013–2014) indicating temporary slowdown
- Contraction (2019–2020) indicating temporary slowdown
- High Growth (2023–2024) indicating robust economic expansion
The most remarkable growth occurred in 1973 with an increase of 32.349%, while the largest decline was in 2015 at -16.82%.