Overrun of per capita GDP In pre -crisis debt levels foresees the House Budget Office in a work text published today (13.5.2025).
The text of the Budget Office proceeds with an extensive analysis of Greece’s long -term development prospects, in which it examines two scenarios concerning the evolution of GDP per capita.
To 1st scenariowith a conservative annual rate of investment increase of 4.0% in combination with an annual increase in labor productivity by 1.38% (which remains lower than the historical trend of 1.46% recorded in 1974-2007), the economy is projected to reach the actual GDP of 2007.
To 2nd scenariowith a stronger increase in investment by 6.6% annually and an annual increase in labor productivity by 1.85%, the Greek economy exceeds the level of real GDP per capita of 2007 two years earlier, ie 2030.
In both scenarios of the budget office, Greece’s GDP per capita is projected to exceed the 2007 and 2010 levels by 2033, with the driving drivers to achieve sustainable development to increase the productivity of labor supported by investment and deepening capital, ie increased quality capital.
Finally, it is pointed out in the analysis that these findings emphasize the need to intensify efforts to structural reforms that enhance growth with the aim of increasing productivity, enhancing capital investment and promoting a more dynamic labor market.