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How did Greece and other programme countries progress?

Align countries by their first programme approval year. Compare subsequent EU-relative consumption or output levels without treating different programmes as the same intervention.

Default: actual individual consumption (AIC), including individual services supplied by government and non-profits. GDP measures production and is particularly affected by multinational activity in Ireland. Neither measure is household income.

Years since approval - AIC per head EU27=100

050100Greece: 2005 (-5); 103.6; n/aGreece: 2006 (-4); 103.2; n/aGreece: 2007 (-3); 102.1; n/aGreece: 2008 (-2); 105.3; n/aGreece: 2009 (-1); 104.3; n/aGreece: 2010 (0); 94.7; n/aGreece: 2011 (1); 87; n/aGreece: 2012 (2); 81.9; n/aGreece: 2013 (3); 81.9; n/aGreece: 2014 (4); 80.8; n/aGreece: 2015 (5); 79.4; n/aGreece: 2016 (6); 77.7; n/aGreece: 2017 (7); 78; n/aGreece: 2018 (8); 78; n/aGreece: 2019 (9); 78.5; n/aGreece: 2020 (10); 77.7; bGreece: 2021 (11); 78.2; n/aGreece: 2022 (12); 82.4; n/aIreland: 2005 (-5); 120.4; n/aIreland: 2006 (-4); 122.6; n/aIreland: 2007 (-3); 126.7; n/aIreland: 2008 (-2); 122; n/aIreland: 2009 (-1); 113.1; n/aIreland: 2010 (0); 113; n/aIreland: 2011 (1); 110.5; n/aIreland: 2012 (2); 109.3; n/aIreland: 2013 (3); 107.7; n/aIreland: 2014 (4); 107.5; n/aIreland: 2015 (5); 109.5; n/aIreland: 2016 (6); 109.1; n/aIreland: 2017 (7); 107.8; n/aIreland: 2018 (8); 109.1; n/aIreland: 2019 (9); 105.4; n/aIreland: 2020 (10); 102.9; bIreland: 2021 (11); 108.2; n/aIreland: 2022 (12); 113.1; n/aPortugal: 2006 (-5); 95.1; n/aPortugal: 2007 (-4); 93.6; n/aPortugal: 2008 (-3); 93.6; n/aPortugal: 2009 (-2); 91.3; n/aPortugal: 2010 (-1); 92.1; n/aPortugal: 2011 (0); 85.9; n/aPortugal: 2012 (1); 83.4; n/aPortugal: 2013 (2); 84.5; n/aPortugal: 2014 (3); 85.5; n/aPortugal: 2015 (4); 85.3; n/aPortugal: 2016 (5); 85.4; n/aPortugal: 2017 (6); 83.7; n/aPortugal: 2018 (7); 84.3; n/aPortugal: 2019 (8); 85.2; n/aPortugal: 2020 (9); 84; bPortugal: 2021 (10); 83.9; n/aPortugal: 2022 (11); 86; n/aPortugal: 2023 (12); 87.5; n/aCyprus: 2008 (-5); 117.2; n/aCyprus: 2009 (-4); 109.4; n/aCyprus: 2010 (-3); 108.2; n/aCyprus: 2011 (-2); 104; n/aCyprus: 2012 (-1); 99.3; n/aCyprus: 2013 (0); 93.2; n/aCyprus: 2014 (1); 90.3; n/aCyprus: 2015 (2); 90.9; n/aCyprus: 2016 (3); 93.3; n/aCyprus: 2017 (4); 94.9; n/aCyprus: 2018 (5); 96.1; n/aCyprus: 2019 (6); 98.1; n/aCyprus: 2020 (7); 97.3; bCyprus: 2021 (8); 94.7; n/aCyprus: 2022 (9); 98.4; n/aCyprus: 2023 (10); 102.7; n/aCyprus: 2024 (11); 103; pCyprus: 2025 (12); 102.4; pSpain: 2007 (-5); 105.8; n/aSpain: 2008 (-4); 103.3; n/aSpain: 2009 (-3); 99.9; n/aSpain: 2010 (-2); 97.3; n/aSpain: 2011 (-1); 94.5; n/aSpain: 2012 (0); 93.3; n/aSpain: 2013 (1); 91.8; n/aSpain: 2014 (2); 93.3; n/aSpain: 2015 (3); 94.1; n/aSpain: 2016 (4); 94.3; n/aSpain: 2017 (5); 95.5; n/aSpain: 2018 (6); 93.9; n/aSpain: 2019 (7); 93.3; n/aSpain: 2020 (8); 86.3; bSpain: 2021 (9); 89.7; n/aSpain: 2022 (10); 90.8; n/aSpain: 2023 (11); 92.1; n/aSpain: 2024 (12); 91.9; p-50+5+10+12
Greece · 2010Ireland · 2010Portugal · 2011Cyprus · 2013Spain · 2012
Spain received banking-sector recapitalisation assistance, unlike the macroeconomic adjustment programmes. Approval years are partial exposure; programmes overlapped different crises and policies. Lines break at source break flags. These are descriptive trajectories, not programme effects. GDP per head can be affected by multinational activity, especially in Ireland; compare consumption and income definitions too.
Greece · macroeconomic-adjustment
  • 2010-05-02 · Eurogroup agreement on first programme
  • 2012-03-09 · Eurogroup endorsement of second programme
  • 2015-08-19 · Third programme approval and start
  • 2018-08-20 · Third programme end
Retain 2010 event origin; show later programmes as markers.
July 2015 EFSM bridge financing was not a fourth full programme.

Official programme source ↗ · Official programme source ↗

Ireland · macroeconomic-adjustment
  • 2010-11-28 · Staff/political programme agreement announced
  • 2010-12-07 · Formal ECOFIN financial-assistance decision

Official programme source ↗ · Official programme source ↗

Portugal · macroeconomic-adjustment
  • 2011-05-17 · Formal Eurogroup/ECOFIN programme adoption

Official programme source ↗

Cyprus · macroeconomic-adjustment
  • 2012-06-25 · Assistance request; not programme approval
  • 2013-04-24 · Euro-area programme approval
  • 2013-05-15 · IMF board approval

Official programme source ↗

Spain · financial-sector-recapitalisation
  • 2012-07-20 · Eurogroup programme approval
  • 2012-07-23 · EFSF board assistance approval
  • 2012-12-11 · First ESM disbursement
Not a full macroeconomic adjustment programme; distinguish explicitly.
ESM describes completion in December 2013; European Commission describes programme exit January 2014.

Official programme source ↗ · Official programme source ↗ · Official programme source ↗

CountryPeriodValueSource flagsEvent yearProgramme start
Greece2005103.60-52010
Greece2006103.20-42010
Greece2007102.10-32010
Greece2008105.30-22010
Greece2009104.30-12010
Greece201094.7002010
Greece201187.0012010
Greece201281.9022010
Greece201381.9032010
Greece201480.8042010
Greece201579.4052010
Greece201677.7062010
Greece201778.0072010
Greece201878.0082010
Greece201978.5092010
Greece202077.70b102010
Greece202178.20112010
Greece202282.40122010
Ireland2005120.40-52010
Ireland2006122.60-42010
Ireland2007126.70-32010
Ireland2008122.00-22010
Ireland2009113.10-12010
Ireland2010113.0002010
Ireland2011110.5012010
Ireland2012109.3022010
Ireland2013107.7032010
Ireland2014107.5042010
Ireland2015109.5052010
Ireland2016109.1062010
Ireland2017107.8072010
Ireland2018109.1082010
Ireland2019105.4092010
Ireland2020102.90b102010
Ireland2021108.20112010
Ireland2022113.10122010
Portugal200695.10-52011
Portugal200793.60-42011
Portugal200893.60-32011
Portugal200991.30-22011
Portugal201092.10-12011
Portugal201185.9002011
Portugal201283.4012011
Portugal201384.5022011
Portugal201485.5032011
Portugal201585.3042011
Portugal201685.4052011
Portugal201783.7062011
Portugal201884.3072011
Portugal201985.2082011
Portugal202084.00b92011
Portugal202183.90102011
Portugal202286.00112011
Portugal202387.50122011
Cyprus2008117.20-52013
Cyprus2009109.40-42013
Cyprus2010108.20-32013
Cyprus2011104.00-22013
Cyprus201299.30-12013
Cyprus201393.2002013
Cyprus201490.3012013
Cyprus201590.9022013
Cyprus201693.3032013
Cyprus201794.9042013
Cyprus201896.1052013
Cyprus201998.1062013
Cyprus202097.30b72013
Cyprus202194.7082013
Cyprus202298.4092013
Cyprus2023102.70102013
Cyprus2024103.00p112013
Cyprus2025102.40p122013
Spain2007105.80-52012
Spain2008103.30-42012
Spain200999.90-32012
Spain201097.30-22012
Spain201194.50-12012
Spain201293.3002012
Spain201391.8012012
Spain201493.3022012
Spain201594.1032012
Spain201694.3042012
Spain201795.5052012
Spain201893.9062012
Spain201993.3072012
Spain202086.30b82012
Spain202189.7092012
Spain202290.80102012
Spain202392.10112012
Spain202491.90p122012

Eurostat · 2026-10-25