Historical Economic Growth Series - Greece

Using my figures from the conference board again, I tracked the Greek economy from 1950-2015. It's been a bit of a basket case for a while, but the GFC really did kick their butt.









 My boom to bust ratio for Greece is 27.5% (that is number of booms(Actual Growth>(Potential Growth+2*SD)) divided by number of busts(Actual Growth<(Potential Growth-2*SD))


Contrast that with Australia (69.5%) and the US (47%)


By the way, Potential GDP is calculated using the (Average Labour Hours growth)+(Average Labour Productivity growth)