Greece’s economy grew faster than the eurozone in the third quarter 2025, although its real gross domestic product remained 14.8% below its second-quarter-2007 peak, Eurobank said on Thursday.
The bank added that per capita GDP in purchasing power standards stands at just 70% of the European Union level, down from 93% in 2008.
Eurobank said growth continues to rely heavily on private consumption, which limits savings and investment. It added that while the Recovery and Resilience Fund supports growth near 2% for the year, resources must be directed toward capital formation and technological renewal, along with quicker reforms to maintain momentum after the fund ends.
According to national accounts data from the Hellenic Statistical Authority (ELSTAT), real GDP rose 0.6% quarter-on-quarter and 2.0% year-on-year in the third quarter of 2025, up from 0.4% and 1.6% respectively in the second quarter of 2025.
Eurobank said steady growth is needed to recover losses from the debt crisis, when real GDP dropped 27% in 2013, and to strengthen the economy’s resilience to future shocks.