GREECE GDP GROWTH RATEThe Gross Domestic Product (GDP) in Greece expanded 0.20 percent in the first quarter of 2011 over the previous quarter. GDP Growth Rate in Greece is reported by the Hellenic Statistical Authority. From 2000 until 2011, Greece GDP Growth Rate averaged 0.5 Percent reaching an all time high of 3.8 Percent in March of 2003 and a record low of -2.8 Percent in December of 2010. Greece has a service based economy and is one of the top tourist destinations in the world. Following the entry to the European Union in 1980 and the Euro Area in 2000, the Greek economy had been recording high rates of growth. Yet, as this expansion had been fuelled mainly by the access to cheap credit and growth of public sector, in 2008 the budget deficit and sovereign debt had reached unsustainable levels. As a result, Greece faces the worst crisis since 1974 and tough reforms enforced by the IMF and the European Commission as part of the bailout programme are taking place. This page provides - Greece GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.