In a historical context and always in real prices, the country’s GDP corresponds to the level of September 2001. And in relation to the high of 252 billion euros in March 2008, the total national product falls short by 22.01%, it is pointed out in financial analysis of HellasFin Investment Services. Despite the faster growth rates compared to the Eurozone, according to Hellas Fin, the Greek economy is expected to face the complications of inflation in the rest of 2024, while concerns are raised by the very high percentage of consumption participation in the final formation of GDP (private 70 .1% and public 19.3%). Regarding fixed investments, as stated in the economic analysis, their contribution to the Greek national product, with the inclusion of aid under the NSRF and the Recovery Fund, is reduced to 14.4%, when the average in the Eurozone is 21 %.

As the company’s analysts estimate, among others, the Greek economy cannot domestically produce products and provide services in order to substitute its corresponding imports. The country’s active participation in the global division of labor can be achieved through the production and marketing of innovative and competitive products and services, an area in which it still lags behind. The dynamic component of the Greek economy, the tourism industry, cannot be considered a sufficient model of sustainable development in the coming decades.

In the economic analysis it is also pointed out that the growth of the GDP of Greece continued during the second quarter of 2024. According to ELSTAT, the national product of the country is 2.32% higher than in 2023 and by 1.08% compared to the previous one quarter. Private consumption, which constitutes 70.1% of the total GDP, increased on an annual basis by 2% and on a quarterly basis by 0.6%. Public expenditure with a contribution of 19.3% to the GDP, decreased on an annual basis by 3.6%.