Greece’s Economy Shows Resilience with Strong Growth Projections for 2025.
Despite a wider trade deficit in June, the Greek economy is poised for robust expansion, outpacing the Eurozone average with forecasts of 2.3% growth this year.
Greece’s economy is on a trajectory of sustained growth in 2025, showcasing remarkable resilience amidst a challenging global environment. The European Commission’s latest forecasts project the nation’s GDP to expand by 2.3% this year, a rate that surpasses the average growth expected across the Eurozone. This positive momentum is largely fueled by strong private consumption and a significant uptick in investments, supported by EU funds.
This robust economic activity is also reflected in the country’s public finances, with expectations of a sustained budgetary surplus and a continuing decline in the public debt-to-GDP ratio, which is anticipated to fall to 140.6% in 2026. Furthermore, the labor market has shown positive developments with rising employment and a decrease in unemployment in the first quarter of 2025.
However, the latest figures from the Hellenic Statistical Authority indicate a widening of the trade deficit in June 2025 to EUR 3.1 billion, up from EUR 2.4 billion in the same month of the previous year. This was driven by an 8.3% decrease in exports and a 6.4% increase in imports. The rise in imports is linked to strong domestic demand and the import of capital goods for investment projects, a sign of a growing economy. For the first six months of the year, the trade deficit saw a slight narrowing to EUR 16.5 billion from EUR 16.8 billion in the first half of 2024.
A closer look at the trade data reveals underlying strengths. For the five-month period from January to May 2025, exports excluding oil products saw a notable increase of 5.8% compared to the same period in 2024. This suggests a growing competitiveness of Greek goods in the international market.
Analysts note that while the trade deficit requires monitoring, it is also a byproduct of the country’s strong growth phase. The inflow of foreign direct investment further reflects confidence in the Greek economy’s prospects. Looking ahead, total exports of goods and services are expected to continue their growth trajectory.
In conclusion, while the June trade figures present a mixed picture, the broader economic landscape for Greece in 2025 is overwhelmingly positive. With strong GDP growth, improving public finances, and a resilient labor market, the nation is demonstrating a solid economic performance.
