At 2.2% the pace was formed growth her Greek economy In the first quarter of 2025, according to the provisional data announced today by the Hellenic Statistical Authority (ELSTAT). This performance reflects the positive contribution of private consumption, but at the same time records a retreat of investment dynamism compared to the corresponding period of 2024.
More specifically, the final consumer spending increased by 1.6%annually, boosting internal demand. On the contrary, gross fixed capital investments fell 3.2%, marking a slowdown in the investment part, which had intense dynamics a year ago.
Exports in total increased by 2.2% compared to the first quarter of 2024, with goods reinforced by 1.7%. However, the exports of services recorded a slight decline of 0.2%. At the same time, imports increased by 2.4%, with services moving up to 3.8%and goods by 1.7%.
Compared to the fourth quarter of 2024, economic activity has a mixed image. Consumer expenditure increased by 1.2%, while fixed capital investments declined significantly by 6.1%. Exports decreased by 0.9% on a quarterly basis, as a 0.8% drop in goods and 2% in services.
In terms of imports, they increased by 0.7% compared to the previous quarter. The individual image shows almost stagnation in goods (-0.03%) and 2% rise to services.
Despite the slowdown in investment and slight decline in services exports, consumption continues to function as a key pillar of economic activity, maintaining growth in positive trajectory.
Quarterly changes
- The total final consumer spending increased by 1.2% compared to the 4th quarter of 2024.
- Gross firm capital investments decreased by 6.1% compared to the 4th quarter of 2024.
- Exports of goods and services declined by 0.9%compared to 4 o quarter of 2024. Exports of goods decreased by 0.8%, while exports of services decreased by 2.0%.
- Imports of goods and services increased by 0.7% compared to the 4th quarter of 2024.
- Imports of goods decreased by 0.03%, while imports of services increased by 2.0%.
Annual changes
- The total final consumer spending increased by 1.6% compared to the 1st quarter of 2024.
- Gross firm capital investments decreased by 3.2% compared to the 1st quarter of 2024.
- Exports of goods and services increased by 2.2% compared to the 1st quarter of 2024.
- Exports of goods increased by 1.7%, while exports of services decreased by 0.2%.
- Imports of goods and services increased by 2.4% compared to the 1st quarter of 2024.
- Imports of goods increased by 1.7% and imports of services increased by 3.8%.