Greece Output Gap, Percent of Potential GDP Statistics

22, Feb 2019, EST.

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Country or Region: Greece › Change country
Economic Indicator: Output Gap, Percent of Potential GDP › See all Greece indicators, › See Output Gap, Percent of Potential GDP data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Euro
Currency Symbol: EUR

Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty. See notes for: Gross domestic product, constant prices (National currency).

Output Gap, Percent of Potential GDP Statistics for Greece , Year 2015 - In Detail

Output Gap, Percent of Potential GDP for Greece in year 2015 is -6.57 %. Output gaps for advanced economies are calculated as actual GDP less potential GDP as a percent of potential GDP. Estimates of output gaps are subject to a significant margin of uncertainty.

This makes Greece No. 27 in world rankings according to Output Gap, Percent of Potential GDP in year 2015. The world's average Output Gap, Percent of Potential GDP value is -0.23 %; Greece is 6.34 less than the average.

In the previous year, 2014, Output Gap, Percent of Potential GDP for Greece was -7.40 % Output Gap, Percent of Potential GDP for Greece in 2015 was or will be 11.22% less than it was or will be in 2014.

In the following or forecasted year, 2016, Output Gap, Percent of Potential GDP for Greece was or will be -7.13 %, which is 8.58% more than the 2015 figure.

* Source: IMF
Output Gap, Percent of Potential GDP for Greece, in other Years
Year %
  2021 n/a
  2020 n/a
  2019 n/a
  2018 n/a
  2017 -5.424
  2016 -7.134
2015 -6.57
  2014 -7.4
  2013 -8.886
  2012 -8.166
  2011 -3.485
  2010 3.62
  2009 7.394
  2008 10.648
  2007 10.34
  2006 7.095
  2005 2.443
  2004 3.678
  2003 1.117
  2002 -1.561
  2001 -2.082
  2000 -2.295
  1999 -1.932
  1998 -1.401
  1997 -1.957
  1996 -3.117
  1995 -3.151
  1994 -2.691
  1993 -2.448
  1992 1.075
  1991 2.096
  1990 0.527
  1989 1.88
  1988 -0.676
  1987 -3.768
  1986 -0.663
  1985 -0.384
  1984 -2.097
  1983 -3.295
  1982 -1.414
  1981 0.753
  1980 3.744