Description
Greece Real Gross Domestic Product (GDP) in US Dollars is published by the Hellenic Statistical Authority (ELSTAT). This indicator measures the value of all goods and services produced within Greece, adjusted for inflation and expressed in US dollars. It serves as a key measure of economic performance, providing insights into the overall health of the Greek economy. A higher Real GDP suggests economic growth, while a lower Real GDP indicates economic contraction.
Real GDP is calculated by taking the sum of all goods and services produced domestically, adjusting for inflation using a base year, and then converting it to US dollars using the current exchange rate. This involves aggregating data from various sectors, including agriculture, industry, and services.
The data is updated quarterly by ELSTAT, typically within three months of the end of the reference period.