Greece ranked 54/197 by economy size with a GDP of $257B and 49/197 by GDP per capita at $24,752. Greece has $388B in government debt, with a debt-to-GDP ratio of 142.2%.
In 2025, Greece made up 0.23% of the world's economy, compared to 0.31% in 1960.
The chart below shows GDP in nominal terms, GDP adjusted for inflation (in constant dollars), and a bar chart of year-over-year inflation-adjusted growth.
| Year | GDP | GDP growth | |
|---|---|---|---|
| Current $ | Constant $ | ||
| 1960 | $4,274,890,307 | $41,539,985,362 | - |
| 1961 | $4,892,397,431 | $47,024,857,985 | 14.4% |
| 1962 | $5,140,542,929 | $47,196,410,447 | 5.07% |
| 1963 | $5,813,285,627 | $52,786,762,335 | 13.1% |
| 1964 | $6,576,906,345 | $57,753,826,340 | 13.1% |
| 1965 | $7,582,209,670 | $63,972,764,697 | 15.3% |
| 1966 | $8,472,021,467 | $68,127,476,784 | 11.7% |
| 1967 | $9,146,592,856 | $71,989,954,838 | 7.96% |
| 1968 | $9,950,331,206 | $77,175,907,942 | 8.79% |
| 1969 | $11,454,106,327 | $86,100,274,028 | 15.1% |
| 1970 | $12,957,113,636 | $93,789,528,053 | 13.1% |
| 1971 | $14,388,806,818 | $101,143,730,558 | 11% |
| 1972 | $16,650,659,091 | $111,420,086,908 | 15.7% |
| 1973 | $22,037,019,563 | $120,436,622,702 | 32.3% |
| 1974 | $24,998,715,909 | $112,682,623,198 | 13.4% |
| 1975 | $28,129,128,587 | $119,856,909,405 | 12.5% |
| 1976 | $30,719,552,239 | $128,069,383,418 | 9.21% |
| 1977 | $35,673,080,481 | $131,835,905,144 | 16.1% |
| 1978 | $43,654,480,519 | $141,389,873,866 | 22.4% |
| 1979 | $53,724,121,435 | $146,030,402,056 | 23.1% |
| 1980 | $56,039,256,595 | $147,019,219,772 | 4.31% |
| 1981 | $51,618,456,335 | $144,734,950,885 | -7.89% |
| 1982 | $53,858,346,939 | $143,095,614,240 | 4.34% |
| 1983 | $48,741,397,059 | $141,552,152,406 | -9.5% |
| 1984 | $47,352,146,312 | $144,398,172,998 | -2.85% |
| 1985 | $47,155,741,426 | $148,021,926,594 | -0.41% |
| 1986 | $55,595,445,472 | $148,788,176,908 | 17.9% |
| 1987 | $64,739,630,096 | $145,427,255,499 | 16.4% |
| 1988 | $75,200,610,137 | $151,662,975,130 | 16.2% |
| 1989 | $78,067,933,277 | $157,426,168,114 | 3.81% |
| 1990 | $96,529,587,274 | $157,426,168,114 | 23.6% |
| 1991 | $103,680,863,713 | $162,306,378,863 | 7.41% |
| 1992 | $114,608,178,405 | $163,442,524,062 | 10.5% |
| 1993 | $107,295,704,518 | $160,827,443,642 | -6.38% |
| 1994 | $114,980,063,202 | $164,043,992,269 | 7.16% |
| 1995 | $134,974,613,914 | $167,488,456,016 | 17.4% |
| 1996 | $142,502,984,145 | $169,803,934,634 | 5.58% |
| 1997 | $138,766,067,640 | $175,921,772,179 | -2.62% |
| 1998 | $139,612,812,176 | $181,968,090,541 | 0.61% |
| 1999 | $137,131,371,955 | $186,806,231,971 | -1.78% |
| 2000 | $125,760,166,225 | $194,535,950,664 | -8.29% |
| 2001 | $132,050,474,720 | $203,582,678,905 | 5% |
| 2002 | $150,253,800,086 | $213,116,735,217 | 13.8% |
| 2003 | $196,930,509,813 | $225,470,734,593 | 31.1% |
| 2004 | $234,979,615,898 | $237,596,249,349 | 19.3% |
| 2005 | $242,315,668,619 | $240,408,216,059 | 3.12% |
| 2006 | $269,073,415,334 | $255,898,673,343 | 11% |
| 2007 | $314,226,996,944 | $264,872,706,551 | 16.8% |
| 2008 | $351,121,399,546 | $265,024,939,553 | 11.7% |
| 2009 | $326,829,054,686 | $254,107,830,646 | -6.92% |
| 2010 | $296,417,644,404 | $239,639,588,360 | -9.3% |
| 2011 | $283,228,079,776 | $215,970,916,413 | -4.45% |
| 2012 | $238,841,140,018 | $197,978,089,510 | -15.7% |
| 2013 | $236,556,279,641 | $193,479,795,684 | -0.96% |
| 2014 | $233,911,581,521 | $195,012,591,114 | -1.12% |
| 2015 | $194,567,373,678 | $194,567,373,678 | -16.8% |
| 2016 | $193,097,239,006 | $194,505,511,433 | -0.76% |
| 2017 | $200,381,103,984 | $197,370,820,218 | 3.77% |
| 2018 | $213,298,873,494 | $201,445,880,435 | 6.45% |
| 2019 | $207,305,649,887 | $206,033,167,051 | -2.81% |
| 2020 | $191,362,985,555 | $187,085,880,048 | -7.69% |
| 2021 | $218,303,801,895 | $203,277,223,533 | 14.1% |
| 2022 | $218,880,566,444 | $214,952,753,801 | 0.26% |
| 2023 | $243,498,333,238 | $219,965,719,527 | 11.2% |
| 2024 | $257,144,811,302 | $224,962,760,463 | 5.6% |
Economic Statistics of Greece
Greece
|
Rank | |
|---|---|---|
| Gross domestic product |
$257B
2024 |
54/197 |
| GDP growth |
5.6%
2023-2024 |
98/196 |
| GDP per capita |
$24,752
2024 |
49/197 |
| GDP per capita, PPP |
$44,074
2024 |
51/197 |
| Government debt |
$388B
2024 |
24/185 |
| Debt-to-GDP ratio |
142.2%
2025 |
7/185 |
| Government debt per person |
$37,349
2024 |
16/185 |
| Average annual personal income after taxes |
$13,372
2025 |
59/197 |
| Listed domestic companies |
143
2024 |
41/103 |
| Market capitalization of domestic companies |
$83.2B
2024 |
41/100 |
| Number of billionaires |
16
2025 |
26/78 |
| Billionaire frequency |
1 in 529,333
2025 |
19/78 |
| Income share by richest 10% |
26%
2023 |
102/169 |
| Income share by poorest 10% |
2.7%
2023 |
93/169 |
| Government expenditure, % of GDP |
49.9%
2025 |
19/195 |
| Consumer prices inflation |
2.74%
2023-2024 |
118/195 |
| Unemployment rate |
10%
2024 |
38/196 |
| Population |
10276140
|
94/197 |
Greece's GDP per capita
Greece has a GDP per capita of $24,752, ranking 49/197, a GDP per capita based on purchasing power parity (PPP) of $44,074, ranking 51/197, and a median annual after tax income of $13,372, ranking 59/197.
| Year | Current $ | |
|---|---|---|
| GDP per capita | GDP per capita, PPP | |
| 1960 | $513 | - |
| 1961 | $583 | - |
| 1962 | $608 | - |
| 1963 | $686 | - |
| 1964 | $773 | - |
| 1965 | $887 | - |
| 1966 | $984 | - |
| 1967 | $1,053 | - |
| 1968 | $1,138 | - |
| 1969 | $1,306 | - |
| 1970 | $1,474 | - |
| 1971 | $1,629 | - |
| 1972 | $1,873 | - |
| 1973 | $2,468 | - |
| 1974 | $2,789 | - |
| 1975 | $3,109 | - |
| 1976 | $3,343 | - |
| 1977 | $3,832 | - |
| 1978 | $4,629 | - |
| 1979 | $5,627 | - |
| 1980 | $5,812 | - |
| 1981 | $5,305 | - |
| 1982 | $5,502 | - |
| 1983 | $4,950 | - |
| 1984 | $4,785 | - |
| 1985 | $4,747 | - |
| 1986 | $5,578 | - |
| 1987 | $6,474 | - |
| 1988 | $7,492 | - |
| 1989 | $7,738 | - |
| 1990 | $9,467 | $13,118 |
| 1991 | $10,047 | $13,815 |
| 1992 | $11,021 | $14,120 |
| 1993 | $10,257 | $14,140 |
| 1994 | $10,937 | $14,657 |
| 1995 | $12,779 | $15,208 |
| 1996 | $13,433 | $15,773 |
| 1997 | $13,016 | $16,627 |
| 1998 | $13,023 | $17,432 |
| 1999 | $12,743 | $17,758 |
| 2000 | $11,638 | $18,816 |
| 2001 | $12,157 | $20,306 |
| 2002 | $13,782 | $21,985 |
| 2003 | $18,021 | $23,256 |
| 2004 | $21,449 | $24,829 |
| 2005 | $22,054 | $25,004 |
| 2006 | $24,416 | $28,082 |
| 2007 | $28,441 | $28,897 |
| 2008 | $31,696 | $30,441 |
| 2009 | $29,425 | $29,948 |
| 2010 | $26,653 | $27,842 |
| 2011 | $25,505 | $25,693 |
| 2012 | $21,624 | $24,583 |
| 2013 | $21,573 | $25,731 |
| 2014 | $21,475 | $26,450 |
| 2015 | $17,981 | $26,615 |
| 2016 | $17,919 | $27,505 |
| 2017 | $18,632 | $28,682 |
| 2018 | $19,873 | $29,792 |
| 2019 | $19,335 | $31,927 |
| 2020 | $17,887 | $29,533 |
| 2021 | $20,655 | $33,531 |
| 2022 | $20,972 | $38,969 |
| 2023 | $23,401 | $41,182 |
| 2024 | $24,752 | $44,074 |
Greece's government spending, deficit, and chart
This chart shows Greece's government spending, budget balance, and debt over time, each expressed as a share of GDP.
Over the past 50 years, Greece recorded a fiscal deficit in 47 years — average annual deficit equal to -6.45% of GDP. In 2024, government spending reached $127B (49.9% of GDP), with a deficit of -0.48%.
The national debt reached $388B, ranking 24th out of 185 countries by total size, with a debt-to-GDP ratio of 142.2%, ranking 7th.
| Year | % of GDP | ||
|---|---|---|---|
| Government spending | Government debt | Government deficit/surplus | |
| 1880 | 23.6% | - | -13.5% |
| 1881 | 24.7% | - | -14.5% |
| 1882 | 15.2% | - | -1.69% |
| 1883 | 17.7% | - | -2.42% |
| 1884 | 21.4% | 73.8% | -7.16% |
| 1885 | 23.5% | 53.8% | -12.1% |
| 1886 | 22% | 48.2% | -11.5% |
| 1887 | 21.6% | 88.7% | -4.88% |
| 1888 | 21% | 119.9% | -3.59% |
| 1889 | 31.1% | 113.5% | -15.7% |
| 1890 | 25.7% | 134.1% | -11.2% |
| 1891 | 21.7% | 144.2% | -6.48% |
| 1892 | 19.3% | 152.5% | -2.28% |
| 1893 | 15.4% | 161.6% | 0.14% |
| 1894 | 17% | 217% | 2.91% |
| 1895 | 15.4% | 193.3% | 0.37% |
| 1896 | 17.1% | 223.5% | 0.82% |
| 1897 | 22.9% | 190.7% | -8.46% |
| 1898 | 51.4% | 181% | -34.5% |
| 1899 | 17.5% | 190.7% | 0.86% |
| 1900 | 19.8% | 218.1% | 0.41% |
| 1901 | 18.6% | 205.5% | 0.1% |
| 1902 | 20.6% | 209.3% | -1.67% |
| 1903 | 17.7% | 194.5% | -0.22% |
| 1904 | 18.1% | 189.6% | -0.04% |
| 1905 | 17.4% | 164.1% | 0.91% |
| 1906 | 18.5% | 148.9% | 0.66% |
| 1907 | 17.8% | 117.9% | -1.23% |
| 1908 | 19.2% | 121.8% | -1.54% |
| 1909 | 18.1% | 111.1% | -2.64% |
| 1910 | 19.7% | 110.7% | -1.53% |
| 1911 | 19.3% | 81.1% | -4.61% |
| 1912 | 20.1% | 80.2% | -7.43% |
| 1913 | 17.7% | 64.7% | -8.96% |
| 1914 | - | - | -8.96% |
| 1915 | - | - | -8.96% |
| 1916 | - | - | -8.96% |
| 1917 | - | - | -8.96% |
| 1918 | - | - | -8.96% |
| 1919 | - | - | -8.96% |
| 1920 | - | - | -8.96% |
| 1921 | - | - | -8.96% |
| 1922 | - | - | -8.96% |
| 1923 | - | - | -8.96% |
| 1924 | - | - | -8.96% |
| 1925 | - | - | -8.96% |
| 1926 | - | - | -8.96% |
| 1927 | 17.7% | 84% | 2.65% |
| 1928 | 20.6% | 80.4% | -0.27% |
| 1929 | 40.8% | 84.5% | -18.7% |
| 1930 | 26% | 89.8% | -2.23% |
| 1931 | 30.4% | 105.9% | -4% |
| 1932 | 22% | 97.8% | -1.78% |
| 1933 | 21% | 88.1% | -2.79% |
| 1934 | 20.4% | 80.5% | 0.88% |
| 1935 | 22.1% | 81.8% | 0.72% |
| 1936 | 21.5% | 80.3% | 0.95% |
| 1937 | 19.7% | 73% | 1.06% |
| 1938 | 18.9% | 76.7% | 1.78% |
| 1939 | 20.9% | 77.8% | 0.48% |
| 1940 | - | - | 0.48% |
| 1941 | - | - | 0.48% |
| 1942 | - | - | 0.48% |
| 1943 | - | - | 0.48% |
| 1944 | - | - | 0.48% |
| 1945 | - | - | 0.48% |
| 1946 | - | - | 0.48% |
| 1947 | - | - | 0.48% |
| 1948 | 21.5% | 15.6% | -7.65% |
| 1949 | 24.4% | 14.7% | -10.4% |
| 1950 | 27.1% | 14.4% | -12.7% |
| 1951 | 26.9% | 19.3% | -11.5% |
| 1952 | 25.6% | 23.9% | -7.21% |
| 1953 | 17.6% | 20.2% | -3.01% |
| 1954 | 20% | 17.4% | -2.87% |
| 1955 | 19.9% | 15.1% | -3.57% |
| 1956 | 29.3% | 13.7% | -0.39% |
| 1957 | 19.3% | 12.6% | -2.45% |
| 1958 | 20.6% | 10.4% | -2.27% |
| 1959 | 19.4% | 11.7% | -2.77% |
| 1960 | 20% | 13.4% | -3.3% |
| 1961 | 19.3% | 14.4% | -2.69% |
| 1962 | 19.7% | 16.6% | -2.4% |
| 1963 | 19.5% | 22.6% | -2.25% |
| 1964 | 20.4% | 21.3% | -2.89% |
| 1965 | 21.7% | 16.5% | -2.55% |
| 1966 | 22.8% | 19% | -2.17% |
| 1967 | 24.6% | 21.1% | -2.59% |
| 1968 | 26.3% | 23% | -3.39% |
| 1969 | 29.7% | 25.8% | -6.65% |
| 1970 | 25.2% | 24.7% | -3.24% |
| 1971 | 25.8% | 25% | -3.32% |
| 1972 | 26.8% | 26.5% | -4.16% |
| 1973 | 24.3% | 22% | -3.71% |
| 1974 | 25.3% | 22.5% | -4.39% |
| 1975 | 28.7% | 24.1% | -5.3% |
| 1976 | 29.1% | 23.7% | -5.05% |
| 1977 | 30.1% | 24.5% | -5.21% |
| 1978 | 30.1% | 32.3% | -5.39% |
| 1979 | 24.1% | 22.7% | -2.34% |
| 1980 | 24.2% | 22.5% | -2.47% |
| 1981 | 27.7% | 26.7% | -6.98% |
| 1982 | 28.3% | 29.3% | -5.42% |
| 1983 | 29.8% | 33.6% | -6.09% |
| 1984 | 31.5% | 40.1% | -7.09% |
| 1985 | 33.8% | 46.6% | -9.43% |
| 1986 | 33.3% | 47.1% | -8.5% |
| 1987 | 33.6% | 52.4% | -7.98% |
| 1988 | 33.4% | 57.1% | -9.49% |
| 1989 | 34.3% | 59.8% | -11.7% |
| 1990 | 38.5% | 74.2% | -13.3% |
| 1991 | 35.2% | 75.7% | -9.63% |
| 1992 | 36.9% | 81.1% | -10.6% |
| 1993 | 38.6% | 101.7% | -11.5% |
| 1994 | 36.9% | 99.7% | -8.48% |
| 1995 | 46.6% | 100.4% | -9.87% |
| 1996 | 46.1% | 103.7% | -8.35% |
| 1997 | 45.1% | 102.6% | -6.25% |
| 1998 | 46.7% | 100.8% | -6.48% |
| 1999 | 48% | 102.8% | -6.02% |
| 2000 | 48.2% | 108.9% | -4.21% |
| 2001 | 47.5% | 110.5% | -5.64% |
| 2002 | 47.1% | 107.9% | -6.2% |
| 2003 | 47.9% | 104.3% | -8.05% |
| 2004 | 48.8% | 105.5% | -9.05% |
| 2005 | 46.6% | 109.9% | -6.33% |
| 2006 | 45.9% | 105.3% | -6.04% |
| 2007 | 47.8% | 104.6% | -6.81% |
| 2008 | 51.5% | 110.9% | -10.3% |
| 2009 | 54.8% | 128.5% | -15.4% |
| 2010 | 53.1% | 147.8% | -11.4% |
| 2011 | 55.1% | 175.1% | -10.5% |
| 2012 | 54.9% | 164.3% | -6.94% |
| 2013 | 53% | 180.5% | -4.06% |
| 2014 | 51.5% | 182.8% | -4.29% |
| 2015 | 51.9% | 180% | -3.03% |
| 2016 | 50.3% | 183.7% | 0.28% |
| 2017 | 48.5% | 182.6% | 1.05% |
| 2018 | 48.6% | 189.6% | 0.78% |
| 2019 | 47.6% | 183.7% | -0.09% |
| 2020 | 59.3% | 209.9% | -10.3% |
| 2021 | 56.7% | 197.8% | -7.44% |
| 2022 | 52.9% | 178.4% | -2.46% |
| 2023 | 49.5% | 165.2% | -1.32% |
| 2024 | 49.5% | 150.9% | -0.32% |
| 2025 | 49.9% | 142.2% | -0.48% |
Inflation rate by year
Over the past 20 years, Greece has had an average annual inflation rate of 1.88%. In 2024, inflation was 2.74%. The bar chart below shows consumer price inflation by year.
| Year | Inflation |
|---|---|
| 1960 | 1.48% |
| 1961 | 2.1% |
| 1962 | -0.48% |
| 1963 | 3.18% |
| 1964 | 0.62% |
| 1965 | 3.22% |
| 1966 | 4.9% |
| 1967 | 1.84% |
| 1968 | 0.14% |
| 1969 | 2.64% |
| 1970 | 2.84% |
| 1971 | 3.29% |
| 1972 | 4.33% |
| 1973 | 15.4% |
| 1974 | 26.6% |
| 1975 | 13.6% |
| 1976 | 13% |
| 1977 | 12.4% |
| 1978 | 12.6% |
| 1979 | 19.1% |
| 1980 | 24.7% |
| 1981 | 24.5% |
| 1982 | 21% |
| 1983 | 20.2% |
| 1984 | 18.5% |
| 1985 | 19.3% |
| 1986 | 23% |
| 1987 | 16.4% |
| 1988 | 13.5% |
| 1989 | 13.7% |
| 1990 | 20.4% |
| 1991 | 19.5% |
| 1992 | 15.9% |
| 1993 | 14.4% |
| 1994 | 10.9% |
| 1995 | 8.93% |
| 1996 | 8.19% |
| 1997 | 5.54% |
| 1998 | 4.77% |
| 1999 | 2.64% |
| 2000 | 3.15% |
| 2001 | 3.37% |
| 2002 | 3.63% |
| 2003 | 3.53% |
| 2004 | 2.9% |
| 2005 | 3.55% |
| 2006 | 3.2% |
| 2007 | 2.9% |
| 2008 | 4.15% |
| 2009 | 1.21% |
| 2010 | 4.71% |
| 2011 | 3.33% |
| 2012 | 1.5% |
| 2013 | -0.92% |
| 2014 | -1.31% |
| 2015 | -1.74% |
| 2016 | -0.83% |
| 2017 | 1.12% |
| 2018 | 0.63% |
| 2019 | 0.25% |
| 2020 | -1.25% |
| 2021 | 1.22% |
| 2022 | 9.65% |
| 2023 | 3.46% |
| 2024 | 2.74% |
Balance of trade
|
Greece
|
Rank | |
|---|---|---|
Current account balance
|
-$16.4B
2024 |
180/189 |
| Current account balance, % of GDP |
-6.38%
2024 |
143/189 |
| Goods imports |
$91.2B
2024 |
40/188 |
| Goods exports |
$52.6B
2024 |
50/188 |
| Service imports |
$31.2B
2024 |
38/188 |
| Service exports |
$55.8B
2024 |
29/188 |
| Imports of goods and services, % of GDP |
47.3%
2024 |
84/180 |
| Exports of goods and services, % of GDP |
42%
2024 |
73/193 |
Greece's top 10 trading partners
Greece's biggest trading partner accounting for 9.32%% of all exports and imports is Germany, with a trade balance between the two of -$2.48B — Greece exports $9B worth of goods and services to Germany and imports $11.5B.
Below is the list of the top 10 trade partners of Greece.
| Rank | Country | Trade value | Share of total trade | Export to | Import from | Top export to | Top import from |
|---|---|---|---|---|---|---|---|
| 1 |
Germany
|
$20.5B | 9.32% | $9B | $11.5B | Transport & tourism services | Machinery & equipment |
| 2 |
Italy
|
$16.2B | 7.37% | $7.68B | $8.52B | Transport & tourism services | Machinery & equipment |
| 3 |
United Kingdom
|
$10.3B | 4.68% | $7.39B | $2.89B | Transport & tourism services | Transport & tourism services |
| 4 |
China
|
$9.69B | 4.41% | $1.64B | $8.05B | Transport & tourism services | Machinery & equipment |
| 5 |
United States
|
$9.29B | 4.23% | $6.21B | $3.08B | Transport & tourism services | Raw materials & minerals |
| 6 |
France
|
$9.03B | 4.11% | $4B | $5.03B | Transport & tourism services | Chemicals & pharma |
| 7 |
Netherlands
|
$8.81B | 4.01% | $2.9B | $5.91B | Transport & tourism services | Machinery & equipment |
| 8 |
Bulgaria
|
$6.85B | 3.12% | $3.68B | $3.17B | Raw materials & minerals | Raw materials & minerals |
| 9 |
Turkey
|
$6.66B | 3.03% | $2.67B | $3.99B | Transport & tourism services | Machinery & equipment |
| 10 |
Spain
|
$6.44B | 2.93% | $2.71B | $3.72B | Transport & tourism services | Textiles & consumer goods |
Greece's top 10 exports
|
Greece
|
Rank | |
|---|---|---|
| Transport & tourism services | $45.4B | 20/188 |
| Raw materials & minerals | $17.9B | 45/193 |
| Chemicals & pharma | $6.5B | 39/193 |
| Machinery & equipment | $6.17B | 52/193 |
| Processed food, beverages & tobacco | $6.17B | 37/192 |
| Metals | $5.71B | 47/192 |
| Business & finance services | $4.86B | 44/188 |
| Textiles & consumer goods | $3.32B | 47/193 |
| Animal & marine products | $2.88B | 33/192 |
| Raw agricultural goods | $2.63B | 48/193 |
Greece's top 10 imports
|
Greece
|
Rank | |
|---|---|---|
| Raw materials & minerals | $25.1B | 27/193 |
| Transport & tourism services | $22.2B | 32/188 |
| Machinery & equipment | $20.5B | 52/193 |
| Chemicals & pharma | $12.9B | 38/193 |
| Textiles & consumer goods | $7.64B | 41/193 |
| Metals | $6.83B | 41/193 |
| Processed food, beverages & tobacco | $5.23B | 40/193 |
| Business & finance services | $4.93B | 47/188 |
| Animal & marine products | $4.2B | 24/193 |
| Raw agricultural goods | $2.69B | 45/193 |
Economic freedom indices
|
Greece
|
Rank | |
|---|---|---|
| Economic freedom | 60.6 | 90/197 |
| Property rights | 77.3 | 39/182 |
| Government integrity | 51.8 | 39/182 |
| Judicial effectiveness | 70.4 | 39/182 |
| Tax burden | 60 | 168/181 |
| Government spending | 14 | 169/180 |
| Fiscal health | 58.9 | 110/181 |
| Business freedom | 78 | 41/182 |
| Labor freedom | 61.7 | 54/182 |
| Monetary freedom | 70.7 | 96/180 |
| Trade freedom | 79.6 | 40/181 |
| Investment freedom | 55 | 92/181 |
| Financial freedom | 50 | 79/181 |
Greece's economic freedom by year
Greece is ranked 80/180 for economic freedom with a score of 60.6, compared to 76/163 and a score of 59 in 2005.
| Year | Index | ||||
|---|---|---|---|---|---|
| Economic freedom | Judicial effectiveness | Tax burden | Government spending | Fiscal health | |
| 1995 | 61.2 | - | 62.5 | 55.3 | - |
| 1996 | 60.5 | - | 58 | 50.5 | - |
| 1997 | 59.6 | - | 54 | 54.4 | - |
| 1998 | 60.6 | - | 53.3 | 52.5 | - |
| 1999 | 61 | - | 47.6 | 55.8 | - |
| 2000 | 61 | - | 52.2 | 54.4 | - |
| 2001 | 63.4 | - | 50.9 | 54.4 | - |
| 2002 | 59.1 | - | 50.1 | 54.4 | - |
| 2003 | 58.8 | - | 57.2 | 50.3 | - |
| 2004 | 59.1 | - | 58.4 | 53.2 | - |
| 2005 | 59 | - | 58 | 54.4 | - |
| 2006 | 60.1 | - | 61 | 53.9 | - |
| 2007 | 58.7 | - | 62.4 | 53.4 | - |
| 2008 | 60.6 | - | 65.6 | 57.8 | - |
| 2009 | 60.8 | - | 66.5 | 46.3 | - |
| 2010 | 62.7 | - | 65.9 | 41.9 | - |
| 2011 | 60.3 | - | 65.9 | 34.3 | - |
| 2012 | 55.4 | - | 65.3 | 16.2 | - |
| 2013 | 55.4 | - | 66.2 | 24.7 | - |
| 2014 | 55.7 | - | 65.9 | 19.2 | - |
| 2015 | 54 | - | 64.2 | 0 | - |
| 2016 | 53.2 | - | 64.4 | 0 | - |
| 2017 | 55 | 56.1 | 61.1 | 5.4 | 58.1 |
| 2018 | 57.3 | 59 | 60.4 | 20.9 | 70.5 |
| 2019 | 57.7 | 49.5 | 59.1 | 23.3 | 79 |
| 2020 | 59.9 | 48.6 | 59 | 31.5 | 80 |
| 2021 | 60.9 | 53.5 | 59.9 | 34.2 | 80 |
| 2022 | 61.5 | 69.9 | 59.9 | 17.9 | 67.6 |
| 2023 | 56.9 | 52.9 | 60.8 | 9.7 | 18.1 |
| 2024 | 55.1 | 69.9 | 60.6 | 3.4 | 5.6 |
| 2025 | 60.6 | 70.4 | 60 | 14 | 58.9 |
More economic indicators
|
Greece
|
Rank | |
|---|---|---|
| Services, % of GDP |
68%
2024 |
32/191 |
| Industry, % of GDP |
15.4%
2024 |
160/194 |
| Agriculture, forestry, and fishing, % of GDP |
3.32%
2024 |
125/193 |
|
GNI, Atlas method
|
$239B
2024 |
55/194 |
| GNI per capita, PPP |
$43,100
2024 |
50/191 |
| Total reserves including gold |
$15.2B
2024 |
67/177 |
|
Net foreign direct investment
|
-$4.66B
2024 |
162/188 |
|
Net inflows of foreign direct investment
|
$6.45B
2024 |
42/193 |
|
Net outflows of foreign direct investment
|
$1.79B
2024 |
44/187 |
| Poverty at national poverty lines |
18.8%
2021 |
109/176 |
|
Gross capital formation, % of GDP
|
18.2%
2024 |
139/176 |
Compare countries by 7 more topics
GDP per capita map
GDP per capita
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Economy comparisons
The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.
Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.
A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).
Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.
Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.
Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.