Economy, Europe, Latest on coronavirus outbreak

Pandemic smashes Greek economy in 2020

Greece's GDP amounted to $192.1B in 2020, official figures show

Gokhan Ergocun   | 05.03.2021
Pandemic smashes Greek economy in 2020

ISTANBUL

Greece's economy narrowed 8.2% year-on-year in 2020 amid the coronavirus pandemic, according to provisional official figures announced on Friday.

The Aegean country's gross domestic product (GDP) amounted to €168.5 billion ($192.1 billion), down from €183.6 billion in the previous year, according to data by ELSTAT, the national statistical service of Greece.

Measures against COVID-19 affected several economic activities across the world, including manufacturing, travel, and tourism sectors.

The Greek economy is mainly based on tourism activities.

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