Greece’s gross domestic product, adjusted for inflation, rose 10.8% between 2019 and 2025.
A great part of this rise can be attributed to EU funding through the Recovery and Resilience Fund, according to a recent analysis by VoxEU, a policy portal set up by the Centre for Economic Policy Research (CEPR), an independent, London-based policy research network.
With the Recovery Fund about to complete its lifespan, after five years, Greece has been one of the main beneficiaries. Assuming that its final request for funds is approved later this year, it will have received €39.95 billion (€18.22 billion in grants and €17.73 billion in loans), about 16% of its GDP.
At the same time, the Greek economy grew over 10%, those of Belgium, France and Germany grew an average 5.4%. but then, again, the aid they were entitled to from the Recovery Fund was under 1.5% of their respective GDPs.
Employment was also boosted, far more than in the eurozone countries that got less Recovery Fund money. From 2019 to 2025, total employment hours grew 7.5% in Greece and just 2.6% in the other Eurozone countries. This despite a slight weakening of the pace in 2025.
