Greek economy reports show diverging views on growth and stability

Annual reports from the Bank of Greece and the GSEE Labor Institute present diverging interpretations of the Greek economy in 2025. While both institutions agree on core macroeconomic figures, their assessments of the country's economic health and its impact on households differ significantly.

The Bank of Greece reports that the Greek economy continued to grow at a satisfactory rate in 2025, with real GDP increasing by 2.1%, matching the 2024 growth rate. This expansion was driven by an 8.9% rise in investments, a 2.0% increase in private consumption, and a 1.7% rise in exports. The central bank noted that this growth rate has exceeded that of the eurozone for five consecutive years.

In contrast, the GSEE views the situation as one of relative stabilization rather than true transformation. While acknowledging the positive growth rate, the GSEE argues that Greece is not among the most dynamic EU economies, trailing behind nations such as Ireland, Malta, Cyprus, Poland, Croatia, and Bulgaria. The institute suggests that the recovery lacks evidence of structural change or true economic convergence, noting that limited convergence is clearly reflected in real GDP per capita.