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According to the OECD, Greece’s economy has been outpacing the euro area average since 2021. Support measures protected households and businesses against high inflation, while public debt declined significantly. Growing disbursements of the Recovery and Resilience Funds, continuous employment gains and disinflation, and recent structural reforms are all expected to support growth. However, significant challenges lie ahead.

Source: OECD 



Vos conseillers auprès de la Chambre de Commerce

Regina Khvastunova

Contactez-nous: europe@cc.lu


Indicateurs clés

Surface
131,957 km2
Population
10.41 millions (2023)
Type de gouvernement
parliamentary republic
Langues
Greek (official) 99%, other (includes English and French) 1%
PIB
$243.5 billion (2023)
Taux de croissance
2.3% (2023)
HDI
32
Capitale
Athens

Indicateurs macroéconomiques

Real GDP grew by 1.6% in the year to the second quarter of 2024, driven by robust gross capital formation and consumption. Business expectations in manufacturing and services continued to point towards expansion in September. Employment rose by 1.6% in the year to September 2024, while nominal wages grew by 8.6% in the year to the second quarter of 2024, as labour shortages remain at historically high levels. Annual headline inflation was persistent at 3.1% in October 2024 and core inflation stood at 4.3%, driven by services inflation.

Source: OECD 

IMF Statistics:

Subject descriptor 2023 2024 2025 2026 2027

All Items, Consumer price index (CPI), Period average, percent change

Percent

(Units)

4.155

2.997

3.105

2.462

2.609

Current account balance (credit less debit), Percent of GDP

Percent

(Units)

-6.701

-6.99

-5.763

-5.269

-4.588

Current account balance (credit less debit), US dollar

US dollar

(Billions)

-16.322

-17.969

-16.252

-16.061

-14.532

Exports of goods and services, Volume, Free on board (FOB), Percent change

Percent

(Units)

2.543

0.691

0.84

2.202

2.713

Gross domestic product (GDP), Constant prices, Percent change

Percent

(Units)

2.332

2.272

1.964

2.043

1.474

Gross domestic product (GDP), Current prices, Per capita, US dollar

US dollar

(Units)

23388.611

24716.307

27169.693

29412.165

30603.682

Gross domestic product (GDP), Current prices, US dollar

US dollar

(Billions)

243.569

257.067

282.019

304.838

316.711

Imports of goods and services, Volume, Cost insurance freight (CIF), Percent change

Percent

(Units)

1.529

2.526

3.378

5.198

1.978

Unemployment rate

11.075

10.1

8.988

8.391

7.86

Estimates
  

Source: IMF Statistics - Greece


Le Luxembourg et le pays

Existing conventions and agreements

Non double taxation agreement 

In order to promote international economic and financial relations in the interest of the Grand Duchy of Luxembourg, the Luxembourg government negotiates bilateral agreements for the avoidance of double taxation and prevent fiscal evasion with respect to Taxes on Income and on fortune with third countries.

  • Convention from 22.11.1991 (Memorial 1992, A No.96, p.2643)
  • Effective as of 01.01.1996 (Memorial 1992, A No.96, p.2643)

Air Services agreement

  • Agreement from 10.22.1951 (Memorial 1953, p. 249 )
  • Effective as of 10.08.1953 (Memorial 1953, p. 1079)

Source: Administration des contributions directes


Informations supplémentaires

Contact points in Greece

Embassy of the Grand Duchy of Luxembourg in Greece

Ambassador with residence in Athens: Ms Elisabeth CARDOSO

23A, avenue Vassilissis Sofias 2, 
Street Neofytou Vamva
GR - 10674 Athens
Greece

Tel.: +30 210 725 64 00
Fax: +30 210 725 64 05
E-Mail: athenes.amb@mae.etat.lu 

Honorary consuls

Honorary Consul with jurisdiction over the Region of Attica:

Ms Artémis PAPATHEODOROU

42C Tzavella
154 51 Néo Psychico
Athens
Greece

Tel.: (+30) 210 672 18 91
Fax: (+30) 210 677 34 44
E-Mail: athenes@consul-hon.lu 

Honorary Consul with jurisdiction over the Department of Macedonia:

Mr Yannis VERGINIS

47, rue Stélios Kazantzidis
Pylaia – Ktiro thermi 1
BP. 8101 - 57001 Thessalonique
Greece

Tel.: (+30) 2310 999994
Mobile: (+30) 6944 324 546
Fax: (+30) 2310 999997
E-Mail: verginis.conslux@gmail.com  

Honorary Consul with jurisdiction over Crete:

Mr Georgios AERAKIS

2-4, rue Thessalonikis - 2ème étage
71 201 Héraklion - Crete
Greece

Tel.: (+30) 2810 224 001; (+30) 2810 282 625
Mobile: (+30) 6976 418 091
E-Mail : heraklion@consul-hon.lu 

Source: Ministry of Foreign Affairs Luxembourg

Economic and Commercial Attaché (AWEX) in charge of Greece, Cyprus, Kosovo and Albania:

Economic and Commercial Attaché: Ms Geneviève WLAZEL 

Odos Sekeri, 3
10671 Athens
Greece

Tel.: +30 210 36 10 120
Fax: +30 210 36 10 117
E-Mail: athenes@awex-wallonia.com 

Source: Awex

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