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Economy of Greece vs Grenada compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $1.37B for Grenada, ranking 53/197 and 184/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $997M (72.7% of GDP) in Grenada.

Greece vs Grenada GDP by year

Greece
Grenada
1x
Year GDP, current $
Greece Grenada
2024 $256,238,371,778 $1,371,918,519
2023 $242,946,187,738 $1,336,418,519
2022 $217,990,189,601 $1,224,007,407
2021 $218,303,801,895 $1,122,222,222
2020 $191,362,985,555 $1,043,411,111
2019 $207,305,649,887 $1,213,485,185
2018 $213,298,873,494 $1,166,514,815
2017 $200,381,103,984 $1,125,685,185
2016 $193,097,239,006 $1,061,640,741
2015 $194,567,373,678 $997,007,407
2014 $233,911,581,521 $911,496,296
2013 $236,556,279,641 $842,618,519
2012 $238,841,140,018 $799,881,481
2011 $283,228,079,776 $778,655,556
2010 $296,417,644,404 $771,014,815
2009 $326,829,054,686 $771,275,556
2008 $351,121,399,546 $825,976,037
2007 $314,226,996,944 $758,683,593
2006 $269,073,415,334 $698,700,667
2005 $242,315,668,619 $695,555,556
2004 $234,979,615,898 $599,118,593
2003 $196,930,509,813 $591,018,407
2002 $150,253,800,086 $540,336,926
2001 $132,050,474,720 $520,444,185
2000 $125,760,166,225 $520,044,370
1999 $137,131,371,955 $482,009,370
1998 $139,612,812,176 $445,903,593
1997 $138,766,067,640 $392,190,593
1996 $142,502,984,145 $366,911,444
1995 $134,974,613,914 $342,172,519
1994 $114,980,063,202 $325,111,815
1993 $107,295,704,518 $309,812,185
1992 $114,608,178,405 $310,160,444
1991 $103,680,863,713 $300,757,889
1990 $96,529,587,274 $278,098,763
1989 $78,067,933,277 $267,327,642
1988 $75,200,610,137 $236,357,524
1987 $64,739,630,096 $215,009,570
1986 $55,595,445,472 $187,589,523
1985 $47,155,741,426 $167,728,455
1984 $47,352,146,312 $145,533,311
1983 $48,741,397,059 $131,803,552
1982 $53,858,346,939 $125,435,590
1981 $51,618,456,335 $115,651,919
1980 $56,039,256,595 $110,900,457
1979 $53,724,121,435 $102,244,362
1978 $43,654,480,519 $88,322,386
1977 $35,673,080,481 $71,494,495
1976 $30,719,552,239 -
1975 $28,129,128,587 -
1974 $24,998,715,909 -
1973 $22,037,019,563 -
1972 $16,650,659,091 -
1971 $14,388,806,818 -
1970 $12,957,113,636 -
1969 $11,454,106,327 -
1968 $9,950,331,206 -
1967 $9,146,592,856 -
1966 $8,472,021,467 -
1965 $7,582,209,670 -
1964 $6,576,906,345 -
1963 $5,813,285,627 -
1962 $5,140,542,929 -
1961 $4,892,397,431 -
1960 $4,274,890,307 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/grenada | CC BY

GDP per capita in Greece vs Grenada by year

Greece
GDP per capita

GDP per capita, PPP
Grenada
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Grenada
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $11,705 $20,178
2023 $23,344 $42,711 $11,414 $18,971
2022 $20,887 $39,612 $10,469 $17,544
2021 $20,655 $33,531 $9,617 $15,290
2020 $17,887 $29,533 $8,969 $14,361
2019 $19,335 $31,927 $10,463 $16,446
2018 $19,873 $29,792 $10,083 $15,975
2017 $18,632 $28,682 $9,751 $15,041
2016 $17,919 $27,505 $9,221 $13,978
2015 $17,981 $26,608 $8,694 $13,214
2014 $21,475 $26,450 $7,986 $12,229
2013 $21,573 $25,731 $7,425 $11,199
2012 $21,624 $24,583 $7,093 $10,575
2011 $25,505 $25,693 $6,947 $10,592
2010 $26,653 $27,839 $6,910 $10,344
2009 $29,425 $29,963 $6,933 $10,303
2008 $31,696 $30,441 $7,448 $11,001
2007 $28,441 $28,896 $6,865 $10,728
2006 $24,416 $28,076 $6,344 $9,877
2005 $22,054 $25,004 $6,339 $10,016
2004 $21,449 $24,826 $5,480 $8,606
2003 $18,021 $23,253 $5,428 $8,469
2002 $13,782 $21,985 $4,984 $7,621
2001 $12,157 $20,304 $4,820 $7,283
2000 $11,638 $18,820 $4,840 $7,306
1999 $12,743 $17,758 $4,516 $6,857
1998 $13,023 $17,434 $4,206 $6,368
1997 $13,016 $16,630 $3,725 $5,673
1996 $13,433 $15,778 $3,508 $5,347
1995 $12,779 $15,218 $3,294 $5,062
1994 $10,937 $14,667 $3,152 $4,889
1993 $10,257 $14,150 $3,026 $4,742
1992 $11,021 $14,130 $3,053 $4,761
1991 $10,047 $13,824 $2,984 $4,733
1990 $9,467 $13,126 $2,782 $4,553
1989 $7,738 - $2,697 -
1988 $7,492 - $2,404 -
1987 $6,474 - $2,205 -
1986 $5,578 - $1,938 -
1985 $4,747 - $1,745 -
1984 $4,785 - $1,524 -
1983 $4,950 - $1,388 -
1982 $5,502 - $1,329 -
1981 $5,305 - $1,230 -
1980 $5,812 - $1,173 -
1979 $5,627 - $1,071 -
1978 $4,629 - $917 -
1977 $3,832 - $737 -
1976 $3,343 - - -
1975 $3,109 - - -
1974 $2,789 - - -
1973 $2,468 - - -
1972 $1,873 - - -
1971 $1,629 - - -
1970 $1,474 - - -
1969 $1,306 - - -
1968 $1,138 - - -
1967 $1,053 - - -
1966 $984 - - -
1965 $887 - - -
1964 $773 - - -
1963 $686 - - -
1962 $608 - - -
1961 $583 - - -
1960 $513 - - -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/grenada | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $11,705 in Grenada, ranking 80/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Grenada ranks 96th at $20,178.

Economic indicators

Greece Grenada
Gross domestic product
$256B
2024
$1.37B
2024
GDP rank
53/197
2024
184/197
2024
GDP growth
2.09%
2023-2024
3.96%
2023-2024
GDP per capita
$24,626
2024
$11,705
2024
GDP per capita rank
49/197
2024
80/197
2024
GDP per capita, PPP
$44,327
2024
$20,178
2024
GDP per capita PPP rank
52/197
2024
96/197
2024
Government debt
$397B
2024
$997M
2024
Debt-to-GDP ratio
154.8%
2024
72.7%
2024
Government debt per person
$38,119
2024
$8,510
2024
Government debt per person rank
16/185
2024
61/185
2024
Average annual personal income after taxes
$14,396
2026
$11,170
2026
Market capitalization of domestic companies
$83.2B
2024
n/a
Number of billionaires
16
2025
n/a
Income share by richest 10%
26%
2023
33.7%
2018
Income share by poorest 10%
2.7%
2023
2.1%
2018
Government expenditure, % of GDP
48%
2024
37.1%
2024
Consumer prices inflation
2.74%
2023-2024
1.09%
2023-2024
Unemployment rate
10%
2024
6.34%
2023
Population
10181414
117407

Spending and national debt comparison by year

Greece
Spending

Debt
Grenada
Spending

Debt
1x
Year % of GDP
Greece Grenada
Government spending Government debt Government spending Government debt
2024 48% 154.8% 37.1% 72.7%
2023 49.5% 165.2% 28.7% 74.5%
2022 52.8% 178.4% 32% 79.3%
2021 56.7% 197.8% 31.3% 86.6%
2020 59.3% 209.9% 32.7% 89.5%
2019 47.6% 183.7% 21.6% 62.7%
2018 48.6% 189.6% 22.1% 68.5%
2017 48.5% 182.6% 22.6% 70.3%
2016 50.3% 183.7% 23.5% 81.6%
2015 51.9% 180% 25.3% 90.1%
2014 51.5% 182.8% 28.7% 99.3%
2013 53% 180.5% 28.1% 105.4%
2012 54.9% 164.3% 26.2% 101.5%
2011 55.1% 175.1% 28.3% 102.8%
2010 53.1% 147.8% 28% 96.2%
2009 54.8% 128.5% 27.2% 91.1%
2008 51.5% 110.9% 27.9% 83.9%
2007 47.8% 104.6% 27.7% 89.1%
2006 45.9% 105.3% 32.4% 92.9%
2005 46.6% 109.9% 26.6% 87.3%
2004 48.8% 105.5% 24.7% 94.7%
2003 47.9% 104.3% 28.7% 79.6%
2002 47.1% 107.9% 35.7% 79.1%
2001 47.5% 110.5% 29.6% 44.6%
2000 48.2% 108.9% 25.6% 41.6%
1999 48% 102.8% 23.7% 34.5%
1998 46.7% 100.8% 25.3% 40.3%
1997 45.1% 102.6% 26.6% 41.4%
1996 46.1% 103.7% 26.3% 43.9%
1995 46.6% 100.4% 23.2% 43.1%
1994 36.9% 99.7% 24.7% 45.7%
1993 38.6% 101.7% 23.1% 45.3%
1992 36.9% 81.1% 21.8% 40.1%
1991 35.2% 75.7% 26.8% 42%
1990 38.5% 74.2% 29% 46.2%
1989 34.8% 60.7% - -
1988 33.8% 57.9% - -
1987 34% 53.2% - -
1986 33.8% 47.8% - -
1985 34.2% 47.3% - -
1984 32% 40.6% - -
1983 30.2% 34.1% - -
1982 28.7% 29.7% - -
1981 28.1% 27.1% - -
1980 24.5% 22.8% - -
1979 24.1% 22.7% - -
1978 30.1% 32.3% - -
1977 30.1% 24.5% - -
1976 29.1% 23.7% - -
1975 28.7% 24.1% - -
1974 25.3% 22.5% - -
1973 24.3% 22% - -
1972 26.8% 26.5% - -
1971 25.8% 25% - -
1970 25.2% 24.7% - -
1969 29.7% 25.8% - -
1968 26.3% 23% - -
1967 24.6% 21.1% - -
1966 22.8% 19% - -
1965 21.7% 16.5% - -
1964 20.4% 21.3% - -
1963 19.5% 22.6% - -
1962 19.7% 16.6% - -
1961 19.3% 14.4% - -
1960 20% 13.4% - -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1990, retrieved 2026-02-20).

GeoRank.org/economy/greece/grenada | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Grenada spent $509M, or 37.1% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 72.7% in Grenada, ranking 7/185 and 52/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Grenada
1x
Year Deficit/surplus, % of GDP
Greece Grenada
2024 1.34% 6.66%
2023 -1.35% 7.94%
2022 -2.46% 0.93%
2021 -7.58% 0.33%
2020 -10.3% -4.55%
2019 -0.09% 4.96%
2018 0.78% 4.92%
2017 1.05% 3.02%
2016 0.28% 2.69%
2015 -3.03% -0.8%
2014 -4.29% -4.2%
2013 -4.06% -7.25%
2012 -6.94% -5.44%
2011 -10.5% -4.86%
2010 -11.4% -4.07%
2009 -15.4% -4.4%
2008 -10.3% -3.72%
2007 -6.81% -5.91%
2006 -6.04% -5.23%
2005 -6.33% 0.9%
2004 -9.05% -0.57%
2003 -8.05% -2.81%
2002 -6.2% -13.9%
2001 -5.64% -6.05%
2000 -4.21% -2.07%
1999 -6.02% -1.7%
1998 -6.48% -2.39%
1997 -6.25% -4.94%
1996 -8.35% -3.02%
1995 -9.87% -0.46%
1994 -8.48% -2.85%
1993 -11.5% -0.16%
1992 -10.6% -1.46%
1991 -9.63% -4.34%
1990 -13.3% -7.78%
1989 -11.9% -
1988 -9.63% -
1987 -8.09% -
1986 -8.62% -
1985 -9.56% -
1984 -7.19% -
1983 -6.17% -
1982 -5.49% -
1981 -7.08% -
1980 -2.5% -
1979 -2.34% -
1978 -5.39% -
1977 -5.21% -
1976 -5.05% -
1975 -5.3% -
1974 -4.39% -
1973 -3.71% -
1972 -4.16% -
1971 -3.32% -
1970 -3.24% -
1969 -6.65% -
1968 -3.39% -
1967 -2.59% -
1966 -2.17% -
1965 -2.55% -
1964 -2.89% -
1963 -2.25% -
1962 -2.4% -
1961 -2.69% -
1960 -3.3% -
1959 -2.77% -
1958 -2.27% -
1957 -2.45% -
1956 -0.39% -
1955 -3.57% -
1954 -2.87% -
1953 -3.01% -
1952 -7.21% -
1951 -11.5% -
1950 -12.7% -
1949 -10.4% -
1948 -7.65% -
1947 - -
1946 - -
1945 - -
1944 - -
1943 - -
1942 - -
1941 - -
1940 - -
1939 0.48% -
1938 1.78% -
1937 1.06% -
1936 0.95% -
1935 0.72% -
1934 0.88% -
1933 -2.79% -
1932 -1.78% -
1931 -4% -
1930 -2.23% -
1929 -18.7% -
1928 -0.27% -
1927 2.65% -
1926 - -
1925 - -
1924 - -
1923 - -
1922 - -
1921 - -
1920 - -
1919 - -
1918 - -
1917 - -
1916 - -
1915 - -
1914 - -
1913 -8.96% -
1912 -7.43% -
1911 -4.61% -
1910 -1.53% -
1909 -2.64% -
1908 -1.54% -
1907 -1.23% -
1906 0.66% -
1905 0.91% -
1904 -0.04% -
1903 -0.22% -
1902 -1.67% -
1901 0.1% -
1900 0.41% -
1899 0.86% -
1898 -34.5% -
1897 -8.46% -
1896 0.82% -
1895 0.37% -
1894 2.91% -
1893 0.14% -
1892 -2.28% -
1891 -6.48% -
1890 -11.2% -
1889 -15.7% -
1888 -3.59% -
1887 -4.88% -
1886 -11.5% -
1885 -12.1% -
1884 -7.16% -
1883 -2.42% -
1882 -1.69% -
1881 -14.5% -
1880 -13.5% -

Data sources: International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/greece/grenada | CC BY

In 2024, Greece's government surplus, the difference between spending and revenue, was $3.43B, equivalent to 1.34% of GDP. This compares to Grenada's surplus of $91.4M, or 6.66% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 31 of those years, while Grenada ran a deficit in 26 years. On average, Greece posted an annual deficit equal to 6.49% of GDP, compared to deficit of 2.07% of GDP for Grenada.

Inflation comparison by year

Inflation
Greece

Grenada
1x
Year Consumer prices inflation
Greece Grenada
2024 2.74% 1.09%
2023 3.46% 2.7%
2022 9.65% 2.58%
2021 1.22% 1.22%
2020 -1.25% -0.74%
2019 0.25% 0.6%
2018 0.63% 0.8%
2017 1.12% 0.91%
2016 -0.83% 1.65%
2015 -1.74% -0.52%
2014 -1.31% -0.98%
2013 -0.92% -0.04%
2012 1.5% 2.41%
2011 3.33% 3.03%
2010 4.71% 3.44%
2009 1.21% -0.31%
2008 4.15% 8.03%
2007 2.9% 3.86%
2006 3.2% 4.25%
2005 3.55% 3.48%
2004 2.9% 2.31%
2003 3.53% 2.15%
2002 3.63% 1.07%
2001 3.37% 3.14%
2000 3.15% 2.18%
1999 2.64% 0.58%
1998 4.77% 1.38%
1997 5.54% 1.24%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

GeoRank.org/economy/greece/grenada | CC BY

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 1.84% in Grenada. In 2024, inflation was 2.74% in Greece and 1.09% in Grenada.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $387K
Textiles & consumer goods $100K
Chemicals & pharma $34K
Metals $11K
Wood & paper products $6K
Raw materials & minerals $1K
Grenada
Export category Export value
Wood & paper products $2K

Balance of trade

Greece Grenada
Current account balance
-$18.2B
2024
-$271M
2024
Current account balance ranking
182/190
2024
99/190
2024
Current account balance, % of GDP
-7.11%
2024
-19.7%
2024
Goods imports
$91.2B
2024
$562M
2024
Goods exports
$52.6B
2024
$70.4M
2024
Service imports
$31.1B
2024
$429M
2024
Service exports
$55.8B
2024
$789M
2024
Imports of goods and services, % of GDP
47.7%
2024
n/a
Exports of goods and services, % of GDP
42.1%
2024
16%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Greece Grenada
Economic freedom 63.2 63
Economic freedom ranking 82/197 84/197
Property rights 78 n/a
Government integrity 54.8 n/a
Judicial effectiveness 68 n/a
Tax burden 59.9 n/a
Government spending 24.7 n/a
Fiscal health 78.9 n/a
Business freedom 77.8 n/a
Labor freedom 59.7 n/a
Monetary freedom 72.6 n/a
Trade freedom 79.4 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Greece Grenada
Services, % of GDP
68%
2024
65.7%
2024
Industry, % of GDP
15%
2024
15.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
2.95%
2024
GNI, Atlas method
$236B
2024
$1.23B
2024
GNI per capita, PPP
$43,340
2024
$18,220
2024
Total reserves including gold
$15.2B
2024
$423M
2024
Total reserves ranking
67/177
2024
161/177
2024
Net foreign direct investment
-$4.52B
2024
-$223M
2024
Net inflows of foreign direct investment
$6.74B
2024
$164M
2024
Net outflows of foreign direct investment
$2.22B
2024
-$4.02M
2024
Servicing debt to the IMF, % of GNI n/a
3.49%
2024
Poverty at national poverty lines
18.8%
2021
38%
2020
Gross capital formation, % of GDP
18.3%
2024
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/greece/grenada | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1990, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. TradeMap (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.