AbstractWe present a new geodetic strain rate and rotation rate model for Greece that has been derived using a highly dense GPS velocity field. The spatial distribution and the resolved rates of the various velocity gradient tensor quantities provided updated constraints on the present‐day upper crustal deformation in the region and revealed new details not reported previously. The spatial distribution of the second invariant demonstrated that the overall magnitude of strain rates is highest across two well‐defined provinces. The first follows the North Anatolian Fault and its two branches within the north Aegean, crosses central Greece and through the Gulf of Corinth it terminates in western Greece, while the second encompasses the extensional province of western Turkey and the eastern Aegean Sea islands. Our estimates revealed that shearing affects some of the fault‐bounded grabens of central Greece that lie to the SW of the North Aegean Basin implying considerable oblique extension. We identified a narrow region of counterclockwise rotation whose location and kinematics have been induced by the net effect across the intersection of the clockwise rotating domains of western and central Greece. The Aegean microplate and the Anatolian plate are separated by a wide transition zone which accommodates the curved stretching of the entire plate system. In both edges of the Hellenic forearc the dominant mode of crustal strain is E‐W extension. We found that earthquakes of M ≥ 5.6 are spatially well‐correlated with high‐strain areas, indicating that strain rate mapping could be used to inform future probabilistic seismic hazard analyses.