greece construction spending

Chasing investment, the Greek dream

Chasing Investment, The Greek Dream

Yiannis Mouzakis via Macropolis | The component of Greece’s gross domestic product (GDP) that experienced the most precipitous collapse during the crisis was investments. At its peak in the third quarter of 2007, gross fixed capital formation represented more than quarter of Greek GDP, at 27.4%. By the second quarter of 2015, it had plummeted to just 10.5 %. It partially recovered to nearly 15 % at the end of last year but in the latest quarter of 2018 it dropped again to 10.8%.