Greece vs Italy: Economic Indicators Comparison

Italy with a GDP of $2.1T ranked the 8th largest economy in the world, while Greece ranked 52nd with $218B. By GDP 5-years average growth and GDP per capita, Italy and Greece ranked 154th vs 158th and 29th vs 45th, respectively.

Gross Domestic Product & Income

Stat	Greece	Italy
GDP	$218B	$2.1T
GDP growth, 1 year	2.1%	0.9%
GDP growth, 5-years average	0.7%	0.9%
Population	10.8M	60.3M
GDP per capita	$20k	$34k
GDP per capita growth	2.19%	0.95%
Purchasing Power Parity conversion factor	0.58	0.7
Price level ratio of PPP conversion factor GDP to market exchange rate	0.69	0.82
GDP per capita, PPP adjusted	$29k	$40k
GNI, Atlas method	$212B	$2T
GNI per capita	$20k	$34k
GNI, PPP adjusted	$318.3B	$2.6T
GNI per capita, PPP adjusted	$30k	$42k

Financial system and Human development

Stat	Greece	Italy
Income Tax Rate	42%	43%
Corporate Tax Rate	28%	27.5%
Inflation, consumer prices	0.8%	1.2%
Inflation, GDP deflator	0.5%	0.9%
Unemployment	19.2%	10.2%
Economic Freedom Index	59.9	63.8
Personal Freedom Index	8.52	8.79
Human Freedom Index	7.77	8.01
Property Rights Index	57	75.4
Judical Effectiveness Index	48.6	51.3
Business Freedom Index	73.7	70.4
Fiscal Health Index	80	71.1
Labor Freedom Index	52	50.9
Investment Freedom Index	55	80
Financial Freedom Index	50	50
Trade Freedom Index	81.4	86.4
Monetary Freedom Index	79.4	83.2
Government Spending Index	31.5	28.5
Tax Burden Index	59	56
Government Integrity Index	51.2	62.2
Corruption Perceptions Index	45	52
Life expectancy at birth, years	81.4	83.2
Suicide mortality rate, per 100,000 people	5	8.2
Mortality caused by road traffic injury, per 100,000 people	9.2	5.6
Intentional homicides, per 100,000 people	0.7	0.7
International tourism, number of arrivals	30.1M	61.6M

Government debt & reserves

Stat	Greece	Italy
Central government debt, % of GDP	183.3%	132.1%
External debt stocks, % of GNI	N/A	N/A
External debt stocks	N/A	N/A
Short-term debt, % of total reserves	N/A	N/A
Total debt service, % of exports and primary income	N/A	N/A
Adjusted net savings including particulate emission damage, % of GNI	-3.1%	6%
Gross savings, % of GDP	12.9%	20.8%
Gross capital formation, % of GDP	13.1%	18.2%
Total reserves including gold	$7.6B	$152.4B
Foreign direct investment net inflows	$4B	$39.6B

Exports, imports and economic structure

Stat	Greece	Italy
Exports of goods and services, % of GDP	36.1%	31.5%
Imports of goods and services, % of GDP	36.4%	29%
Current account balance (balance of payments)	-$6.2B	$53.8B
Revenue excluding grants, % of GDP	46%	37.7%
Grants excluding technical cooperation, BoP	N/A	N/A
Personal remittances received	$489.7M	$9.9B
Industry including construction value added, % of GDP	15.3%	21.4%
Agriculture, forestry and fishing value added, % of GDP	3.7%	1.9%
Charges for the use of intellectual property, payments BoP	$383M	$5.1B
Charges for the use of intellectual property, receipts BoP	$95.8M	$4.9B
Expense, % of GDP	46.6%	41.3%
Government Expenditure, % of GDP	47.8%	48.8%