Source: world bank Nominal/PPP
Summary:
Greece GDP Per Capita expanded from 1960 to 2024, increasing from $513.09 to $24,626.15 .The compound annual growth rate (CAGR) averaged 6.24% 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 43.57%, indicating the largest cyclical decline from peak levels. The country experienced 7 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 (1963–1979) indicating robust economic expansion
- Contraction (1984–1985) 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 (2002–2004) 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 31.75%, while the largest decline was in 2015 at -16.27%.