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Economy of Greece vs Kazakhstan compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $291B for Kazakhstan, ranking 53/197 and 48/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $71.1B (24.4% of GDP) in Kazakhstan.

Greece vs Kazakhstan GDP by year

Greece
Kazakhstan
1x
Year GDP, current $
Greece Kazakhstan
2024 $256,238,371,778 $291,480,274,649
2023 $242,946,187,738 $261,840,101,060
2022 $217,990,189,601 $225,496,328,925
2021 $218,303,801,895 $197,112,255,361
2020 $191,362,985,555 $171,082,365,861
2019 $207,305,649,887 $181,667,184,855
2018 $213,298,873,494 $179,339,977,690
2017 $200,381,103,984 $166,805,788,827
2016 $193,097,239,006 $137,278,320,084
2015 $194,567,373,678 $184,388,404,706
2014 $233,911,581,521 $221,415,613,595
2013 $236,556,279,641 $236,634,603,409
2012 $238,841,140,018 $207,998,568,866
2011 $283,228,079,776 $192,626,464,617
2010 $296,417,644,404 $148,047,348,241
2009 $326,829,054,686 $115,308,686,941
2008 $351,121,399,546 $133,441,648,852
2007 $314,226,996,944 $104,849,915,058
2006 $269,073,415,334 $81,003,864,630
2005 $242,315,668,619 $57,123,671,734
2004 $234,979,615,898 $43,151,647,003
2003 $196,930,509,813 $30,833,692,900
2002 $150,253,800,086 $24,636,598,527
2001 $132,050,474,720 $22,152,689,180
2000 $125,760,166,225 $18,291,990,662
1999 $137,131,371,955 $16,870,817,182
1998 $139,612,812,176 $22,135,245,507
1997 $138,766,067,640 $22,165,932,063
1996 $142,502,984,145 $21,035,357,937
1995 $134,974,613,914 $20,374,302,652
1994 $114,980,063,202 $21,250,792,886
1993 $107,295,704,518 $23,409,260,880
1992 $114,608,178,405 $24,917,355,372
1991 $103,680,863,713 $24,923,076,923
1990 $96,529,587,274 $26,932,016,270
1989 $78,067,933,277 -
1988 $75,200,610,137 -
1987 $64,739,630,096 -
1986 $55,595,445,472 -
1985 $47,155,741,426 -
1984 $47,352,146,312 -
1983 $48,741,397,059 -
1982 $53,858,346,939 -
1981 $51,618,456,335 -
1980 $56,039,256,595 -
1979 $53,724,121,435 -
1978 $43,654,480,519 -
1977 $35,673,080,481 -
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/kazakhstan | CC BY

GDP per capita in Greece vs Kazakhstan by year

Greece
GDP per capita

GDP per capita, PPP
Kazakhstan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Kazakhstan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $14,155 $40,891
2023 $23,344 $42,711 $12,879 $38,515
2022 $20,887 $39,612 $11,255 $35,895
2021 $20,655 $33,531 $9,984 $32,946
2020 $17,887 $29,533 $8,782 $29,040
2019 $19,335 $31,927 $9,457 $28,689
2018 $19,873 $29,792 $9,472 $25,096
2017 $18,632 $28,682 $8,943 $23,973
2016 $17,919 $27,505 $7,476 $23,023
2015 $17,981 $26,608 $10,196 $22,484
2014 $21,475 $26,450 $12,428 $23,958
2013 $21,573 $25,731 $13,478 $23,754
2012 $21,624 $24,583 $12,019 $21,367
2011 $25,505 $25,693 $11,287 $20,160
2010 $26,653 $27,839 $8,793 $18,642
2009 $29,425 $29,963 $6,938 $17,389
2008 $31,696 $30,441 $8,124 $17,278
2007 $28,441 $28,896 $6,449 $16,581
2006 $24,416 $28,076 $5,030 $14,966
2005 $22,054 $25,004 $3,577 $13,226
2004 $21,449 $24,826 $2,722 $11,777
2003 $18,021 $23,253 $1,958 $10,532
2002 $13,782 $21,985 $1,574 $9,504
2001 $12,157 $20,304 $1,422 $8,568
2000 $11,638 $18,820 $1,180 $7,418
1999 $12,743 $17,758 $1,092 $6,626
1998 $13,023 $17,434 $1,415 $6,284
1997 $13,016 $16,630 $1,382 $6,178
1996 $13,433 $15,778 $1,281 $5,836
1995 $12,779 $15,218 $1,218 $5,595
1994 $10,937 $14,667 $1,247 $5,860
1993 $10,257 $14,150 $1,355 $6,477
1992 $11,021 $14,130 $1,438 $6,945
1991 $10,047 $13,824 $1,442 $7,193
1990 $9,467 $13,126 $1,570 $7,874
1989 $7,738 - - -
1988 $7,492 - - -
1987 $6,474 - - -
1986 $5,578 - - -
1985 $4,747 - - -
1984 $4,785 - - -
1983 $4,950 - - -
1982 $5,502 - - -
1981 $5,305 - - -
1980 $5,812 - - -
1979 $5,627 - - -
1978 $4,629 - - -
1977 $3,832 - - -
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/kazakhstan | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $14,155 in Kazakhstan, ranking 71/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Kazakhstan ranks 58th at $40,891.

Economic indicators

Greece Kazakhstan
Gross domestic product
$256B
2024
$291B
2024
GDP rank
53/197
2024
48/197
2024
GDP growth
2.09%
2023-2024
5%
2023-2024
GDP per capita
$24,626
2024
$14,155
2024
GDP per capita rank
49/197
2024
71/197
2024
GDP per capita, PPP
$44,327
2024
$40,891
2024
GDP per capita PPP rank
52/197
2024
58/197
2024
Government debt
$397B
2024
$71.1B
2024
Debt-to-GDP ratio
154.8%
2024
24.4%
2024
Government debt per person
$38,119
2024
$3,450
2024
Government debt per person rank
16/185
2024
95/185
2024
Average annual personal income after taxes
$14,396
2026
$7,486
2026
Market capitalization of domestic companies
$83.2B
2024
$62.8B
2024
Number of millionaires n/a
44,307
2025
Number of billionaires
16
2025
6
2025
Income share by richest 10%
26%
2023
24.8%
2021
Income share by poorest 10%
2.7%
2023
4.3%
2021
Government expenditure, % of GDP
48%
2024
20.7%
2024
Consumer prices inflation
2.74%
2023-2024
8.7%
2023-2024
Central bank interest rate n/a
18%
2025
Unemployment rate
10%
2024
4.86%
2022
Population
10181414
21161809

Spending and national debt comparison by year

Greece
Spending

Debt
Kazakhstan
Spending

Debt
1x
Year % of GDP
Greece Kazakhstan
Government spending Government debt Government spending Government debt
2024 48% 154.8% 20.7% 24.4%
2023 49.5% 165.2% 23.4% 23%
2022 52.8% 178.4% 21.7% 23.5%
2021 56.7% 197.8% 22.1% 25.1%
2020 59.3% 209.9% 24.5% 26.4%
2019 47.6% 183.7% 20.2% 19.9%
2018 48.6% 189.6% 18.8% 20.3%
2017 48.5% 182.6% 24.1% 19.9%
2016 50.3% 183.7% 21.5% 19.7%
2015 51.9% 180% 22.9% 21.9%
2014 51.5% 182.8% 21.3% 14.5%
2013 53% 180.5% 19.8% 12.6%
2012 54.9% 164.3% 21.9% 12.1%
2011 55.1% 175.1% 21.2% 10.2%
2010 53.1% 147.8% 22.5% 10.7%
2009 54.8% 128.5% 23.5% 10.2%
2008 51.5% 110.9% 27.1% 6.77%
2007 47.8% 104.6% 23.7% 4.09%
2006 45.9% 105.3% 19.8% 6.68%
2005 46.6% 109.9% 22% 8.1%
2004 48.8% 105.5% 21.3% 11.4%
2003 47.9% 104.3% 21.4% 15%
2002 47.1% 107.9% 20.5% 17.6%
2001 47.5% 110.5% - -
2000 48.2% 108.9% - -
1999 48% 102.8% - -
1998 46.7% 100.8% - -
1997 45.1% 102.6% - -
1996 46.1% 103.7% - -
1995 46.6% 100.4% - -
1994 36.9% 99.7% - -
1993 38.6% 101.7% - -
1992 36.9% 81.1% - -
1991 35.2% 75.7% - -
1990 38.5% 74.2% - -
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 (1960–1989, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Kazakhstan spent $60.3B, or 20.7% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 24.4% in Kazakhstan, ranking 7/185 and 167/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Kazakhstan
1x
Year Deficit/surplus, % of GDP
Greece Kazakhstan
2024 1.34% -1.6%
2023 -1.35% -1.52%
2022 -2.46% 0.11%
2021 -7.58% -4.97%
2020 -10.3% -7.04%
2019 -0.09% -0.57%
2018 0.78% 2.58%
2017 1.05% -4.27%
2016 0.28% -4.5%
2015 -3.03% -6.26%
2014 -4.29% 2.48%
2013 -4.06% 4.95%
2012 -6.94% 4.43%
2011 -10.5% 5.81%
2010 -11.4% 1.47%
2009 -15.4% -1.33%
2008 -10.3% 1.23%
2007 -6.81% 5.13%
2006 -6.04% 7.65%
2005 -6.33% 6.08%
2004 -9.05% 3.29%
2003 -8.05% 4%
2002 -6.2% 1.92%
2001 -5.64% -
2000 -4.21% -
1999 -6.02% -
1998 -6.48% -
1997 -6.25% -
1996 -8.35% -
1995 -9.87% -
1994 -8.48% -
1993 -11.5% -
1992 -10.6% -
1991 -9.63% -
1990 -13.3% -
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/kazakhstan | 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 Kazakhstan's deficit of $4.66B, or 1.6% of GDP.

Over the past 23 years, Greece recorded a fiscal deficit in 19 of those years, while Kazakhstan ran a deficit in 9 years. On average, Greece posted an annual deficit equal to 5.51% of GDP, compared to surplus of 0.83% of GDP for Kazakhstan.

Inflation comparison by year

Inflation
Greece

Kazakhstan
1x
Year Consumer prices inflation
Greece Kazakhstan
2024 2.74% 8.7%
2023 3.46% 14.5%
2022 9.65% 15%
2021 1.22% 8%
2020 -1.25% 6.8%
2019 0.25% 5.3%
2018 0.63% 6%
2017 1.12% 7.5%
2016 -0.83% 14.6%
2015 -1.74% 6.8%
2014 -1.31% 6.6%
2013 -0.92% 5.8%
2012 1.5% 5.1%
2011 3.33% 8.4%
2010 4.71% 7.1%
2009 1.21% 7.3%
2008 4.15% 17.2%
2007 2.9% 10.8%
2006 3.2% 8.6%
2005 3.55% 7.4%
2004 2.9% 7%
2003 3.53% 6.4%
2002 3.63% 6%
2001 3.37% 8.4%
2000 3.15% 13.2%
1999 2.64% 8.3%
1998 4.77% 7.1%
1997 5.54% 17.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 8.98% in Kazakhstan. In 2024, inflation was 2.74% in Greece and 8.7% in Kazakhstan.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $6.12M
Metals $5.28M
Processed food, beverages & tobacco $4.59M
Chemicals & pharma $3.58M
Textiles & consumer goods $2.41M
Raw materials & minerals $1.89M
Wood & paper products $296K
Miscellaneous $271K
Raw agricultural goods $107K
Precious metals & jewellery $106K
Kazakhstan
Export category Export value
Raw materials & minerals $2.75B
Raw agricultural goods $2.1M
Chemicals & pharma $1.69M
Metals $662K
Machinery & equipment $62K
Wood & paper products $24K
Textiles & consumer goods $21K
Precious metals & jewellery $4K

Balance of trade

Greece Kazakhstan
Current account balance
-$18.2B
2024
-$7.94B
2024
Current account balance ranking
182/190
2024
173/190
2024
Current account balance, % of GDP
-7.11%
2024
-2.72%
2024
Goods imports
$91.2B
2024
$61.8B
2024
Goods exports
$52.6B
2024
$79B
2024
Service imports
$31.1B
2024
$13B
2024
Service exports
$55.8B
2024
$11.8B
2024
Imports of goods and services, % of GDP
47.7%
2024
25.6%
2024
Exports of goods and services, % of GDP
42.1%
2024
31.6%
2024

Economic freedom indices

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

Greece Kazakhstan
Economic freedom 63.2 64.2
Economic freedom ranking 82/197 75/197
Property rights 78 54.9
Government integrity 54.8 40.7
Judicial effectiveness 68 33.8
Tax burden 59.9 91.2
Government spending 24.7 85.6
Fiscal health 78.9 97.2
Business freedom 77.8 64.9
Labor freedom 59.7 63.5
Monetary freedom 72.6 64.3
Trade freedom 79.4 74.4
Investment freedom 55 50
Financial freedom 50 50

Economic freedom comparison by year

Greece
Kazakhstan
1x
Year Economic freedom index
Greece Kazakhstan
2026 63.2 64.2
2025 60.6 63.8
2024 55.1 62
2023 56.9 62.1
2022 61.5 64.4
2021 60.9 71.1
2020 59.9 69.6
2019 57.7 65.4
2018 57.3 69.1
2017 55 69
2016 53.2 63.6
2015 54 63.3
2014 55.7 63.7
2013 55.4 63
2012 55.4 63.6
2011 60.3 62.1
2010 62.7 61
2009 60.8 60.1
2008 60.6 61.1
2007 58.7 59.6
2006 60.1 60.2
2005 59 53.9
2004 59.1 49.7
2003 58.8 52.3
2002 59.1 52.4
2001 63.4 51.8
2000 61 50.4
1999 61 47.3
1998 60.6 41.7
1997 59.6 -
1996 60.5 -
1995 61.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 64.2 for Kazakhstan, ranking 75/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Kazakhstan
Services, % of GDP
68%
2024
57.9%
2024
Industry, % of GDP
15%
2024
32.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
3.88%
2024
GNI, Atlas method
$236B
2024
$249B
2024
GNI per capita, PPP
$43,340
2024
$37,590
2024
Total reserves including gold
$15.2B
2024
$45.8B
2024
Total reserves ranking
67/177
2024
43/177
2024
Net foreign direct investment
-$4.52B
2024
-$3.9B
2024
Net inflows of foreign direct investment
$6.74B
2024
$1.98B
2024
Net outflows of foreign direct investment
$2.22B
2024
-$1.92B
2024
Servicing debt to the IMF, % of GNI n/a
17.3%
2024
Poverty at national poverty lines
18.8%
2021
5%
2024
Gross capital formation, % of GDP
18.3%
2024
27.2%
2024

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/kazakhstan | 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 (1880–1989, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2023–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

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.