The recovery of the Greek economy weakened in the fourth quarter of 2021, however it remained strong, while a significant increase in exports of services and private consumption was recorded again, as reported by IOBE in the Bulletin of Industrial Developments (March 2022). As for the economic climate in February, it remained stable while consumer confidence improved.

GDP growth was strong in the fourth quarter of 2021, at 7.7%, after a recovery of 11.4% in the third quarter. Overall in 2021 the average GDP growth rate was 8.3%, compared to a decrease of 9.0% the year before.

Greek trade deficit fell by 9.8 pct in January this year, as exports's growth was more than four times the growth rate of imports, Hellenic Statistical Authority said in a report on Monday.

Greek trade deficit shrank by 0.9 pct in June this year as exports grew 11.8 pct, double the growth rate of imports. However, the country's trade deficit grew 20.7 pct in the first half of 2017 compared with the same period last year, Hellenic Statistical Authority said on Monday.