The Greek economy continues to consolidate a stable environment of economic and political stability, according to the Quarterly Report (March 2025) of the State Budget Office in Parliament, released on Thursday.

In 2024, the Greek economy registered a 2.3% rate of growth, more than double compared to the eurozone's average, while in the fourth quarter of the year it presented a 2.6% increase compared to the same period in 2023. Contributing to this significant performance was the increase in exports of goods and services, at a rate of 3.6% (a 5.9% increase in services and 1.6% in goods), as well as the rise in fixed capital investments by 9.0%.

Conversely, private consumption slowed slightly, increasing by 0.8% in the last quarter of 2024, while on an annual basis for the year it remained in a positive trajectory with a 2.1% rise. Impacting development negatively were a drop in public consumption by 3.4% and an increase of imported goods and services by 2.4%.

The upgrade of Greece's investment credit by Moody's, following upgrades by Scope and DBRS, points at the improvement of funding terms for the Greek economy.

Despite the positive developments, the report noted that the current account balance slowed down ini 2024, a fact that calls even more urgently for the need to support high added value export sectors and further strengthening reforms. At the same time, the convergence of citizens' real income with the eurozone average remains a focal point of economic policy.

Overall, the Budget Office's report registers the continuation of the Greek economy's developmental dynamic, despite global challenges. The speedy reduction of public debt, combined with the attraction of investments and the boosting of competitiveness, is a critical priority for Greece's sustainable economic development.