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Economy of Greece vs Laos compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $16.5B for Laos, ranking 53/197 and 139/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $16.6B (100.5% of GDP) in Laos.

Greece vs Laos GDP by year

Greece
Laos
1x
Year GDP, current $
Greece Laos
2024 $256,238,371,778 $16,502,933,121
2023 $242,946,187,738 $15,843,155,731
2022 $217,990,189,601 $15,468,785,204
2021 $218,303,801,895 $18,827,148,531
2020 $191,362,985,555 $18,981,805,250
2019 $207,305,649,887 $18,740,561,513
2018 $213,298,873,494 $18,141,641,090
2017 $200,381,103,984 $17,071,155,481
2016 $193,097,239,006 $15,912,501,723
2015 $194,567,373,678 $14,426,380,126
2014 $233,911,581,521 $13,279,245,886
2013 $236,556,279,641 $11,983,252,627
2012 $238,841,140,018 $10,192,846,339
2011 $283,228,079,776 $8,750,104,617
2010 $296,417,644,404 $7,131,771,015
2009 $326,829,054,686 $5,836,137,330
2008 $351,121,399,546 $5,446,433,157
2007 $314,226,996,944 $4,223,152,739
2006 $269,073,415,334 $3,455,030,061
2005 $242,315,668,619 $2,735,558,735
2004 $234,979,615,898 $2,366,398,120
2003 $196,930,509,813 $2,023,324,407
2002 $150,253,800,086 $1,758,176,653
2001 $132,050,474,720 $1,768,619,058
2000 $125,760,166,225 $1,731,198,022
1999 $137,131,371,955 $1,454,430,642
1998 $139,612,812,176 $1,280,177,839
1997 $138,766,067,640 $1,747,011,857
1996 $142,502,984,145 $1,873,671,550
1995 $134,974,613,914 $1,763,536,305
1994 $114,980,063,202 $1,543,606,345
1993 $107,295,704,518 $1,327,748,690
1992 $114,608,178,405 $1,127,806,945
1991 $103,680,863,713 $1,028,087,972
1990 $96,529,587,274 $865,559,879
1989 $78,067,933,277 $714,046,821
1988 $75,200,610,137 $598,961,269
1987 $64,739,630,096 $1,087,273,104
1986 $55,595,445,472 $1,776,842,097
1985 $47,155,741,426 $2,366,666,616
1984 $47,352,146,312 $1,757,142,856
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/laos | CC BY

GDP per capita in Greece vs Laos by year

Greece
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $2,124 $9,776
2023 $23,344 $42,711 $2,067 $9,292
2022 $20,887 $39,612 $2,046 $8,766
2021 $20,655 $33,531 $2,526 $8,080
2020 $17,887 $29,533 $2,584 $7,913
2019 $19,335 $31,927 $2,589 $7,743
2018 $19,873 $29,792 $2,545 $7,487
2017 $18,632 $28,682 $2,432 $7,142
2016 $17,919 $27,505 $2,303 $6,743
2015 $17,981 $26,608 $2,121 $6,086
2014 $21,475 $26,450 $1,981 $5,799
2013 $21,573 $25,731 $1,813 $5,222
2012 $21,624 $24,583 $1,564 $4,781
2011 $25,505 $25,693 $1,362 $4,100
2010 $26,653 $27,839 $1,126 $3,772
2009 $29,425 $29,963 $935 $3,485
2008 $31,696 $30,441 $886 $3,271
2007 $28,441 $28,896 $697 $3,021
2006 $24,416 $28,076 $579 $2,777
2005 $22,054 $25,004 $466 $2,519
2004 $21,449 $24,826 $409 $2,315
2003 $18,021 $23,253 $355 $2,151
2002 $13,782 $21,985 $313 $2,020
2001 $12,157 $20,304 $320 $1,908
2000 $11,638 $18,820 $319 $1,794
1999 $12,743 $17,758 $272.3 $1,686
1998 $13,023 $17,434 $243.9 $1,577
1997 $13,016 $16,630 $339 $1,528
1996 $13,433 $15,778 $371 $1,435
1995 $12,779 $15,218 $358 $1,349
1994 $10,937 $14,667 $321 $1,265
1993 $10,257 $14,150 $283.4 $1,176
1992 $11,021 $14,130 $247.3 $1,114
1991 $10,047 $13,824 $231.8 $1,061
1990 $9,467 $13,126 $200.7 $1,012
1989 $7,738 - $170.4 -
1988 $7,492 - $147.1 -
1987 $6,474 - $274.7 -
1986 $5,578 - $462 -
1985 $4,747 - $633 -
1984 $4,785 - $483 -
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/laos | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $2,124 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Laos ranks 134th at $9,776.

Economic indicators

Greece Laos
Gross domestic product
$256B
2024
$16.5B
2024
GDP rank
53/197
2024
139/197
2024
GDP growth
2.09%
2023-2024
4.13%
2023-2024
GDP per capita
$24,626
2024
$2,124
2024
GDP per capita rank
49/197
2024
155/197
2024
GDP per capita, PPP
$44,327
2024
$9,776
2024
GDP per capita PPP rank
52/197
2024
134/197
2024
Government debt
$397B
2024
$16.6B
2024
Debt-to-GDP ratio
154.8%
2024
100.5%
2024
Government debt per person
$38,119
2024
$2,134
2024
Government debt per person rank
16/185
2024
119/185
2024
Average annual personal income after taxes
$14,396
2026
$2,096
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
31.2%
2018
Income share by poorest 10%
2.7%
2023
3%
2018
Government expenditure, % of GDP
48%
2024
15.7%
2024
Consumer prices inflation
2.74%
2023-2024
23.1%
2023-2024
Unemployment rate
10%
2024
1.21%
2022
Population
10181414
8004838

Spending and national debt comparison by year

Greece
Spending

Debt
Laos
Spending

Debt
1x
Year % of GDP
Greece Laos
Government spending Government debt Government spending Government debt
2024 48% 154.8% 15.7% 100.5%
2023 49.5% 165.2% 16.4% 116.5%
2022 52.8% 178.4% 14.7% 130.7%
2021 56.7% 197.8% 15.7% 92.9%
2020 59.3% 209.9% 18.4% 76%
2019 47.6% 183.7% 18.6% 69.1%
2018 48.6% 189.6% 20.7% 60.6%
2017 48.5% 182.6% 21.8% 57.2%
2016 50.3% 183.7% 21.1% 54.5%
2015 51.9% 180% 25.8% 53.1%
2014 51.5% 182.8% 25% 53.5%
2013 53% 180.5% 24.2% 49.5%
2012 54.9% 164.3% 24.7% 46.1%
2011 55.1% 175.1% 20.2% 43%
2010 53.1% 147.8% 22.4% 49.3%
2009 54.8% 128.5% 20.1% 51.8%
2008 51.5% 110.9% 16.1% 51.7%
2007 47.8% 104.6% 15.1% 55.9%
2006 45.9% 105.3% 14.7% 60%
2005 46.6% 109.9% 15.3% 73.2%
2004 48.8% 105.5% 13.6% 80.7%
2003 47.9% 104.3% 16% 90.1%
2002 47.1% 107.9% 16.6% 95.3%
2001 47.5% 110.5% 18.8% 94.7%
2000 48.2% 108.9% 19.9% -
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/laos | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Laos spent $2.58B, or 15.7% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 100.5% in Laos, ranking 7/185 and 24/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Laos
1x
Year Deficit/surplus, % of GDP
Greece Laos
2024 1.34% 2.34%
2023 -1.35% -0.01%
2022 -2.46% 0.06%
2021 -7.58% -0.67%
2020 -10.3% -5.37%
2019 -0.09% -3.2%
2018 0.78% -4.46%
2017 1.05% -5.51%
2016 0.28% -5.06%
2015 -3.03% -5.57%
2014 -4.29% -3.13%
2013 -4.06% -4.03%
2012 -6.94% -2.34%
2011 -10.5% -1.43%
2010 -11.4% -1.47%
2009 -15.4% -3.1%
2008 -10.3% -1.86%
2007 -6.81% -1.12%
2006 -6.04% -1.48%
2005 -6.33% -2.54%
2004 -9.05% -1.81%
2003 -8.05% -3.89%
2002 -6.2% -2.85%
2001 -5.64% -3.68%
2000 -4.21% -3.58%
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/laos | 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 Laos' surplus of $386M, or 2.34% of GDP.

Over the past 25 years, Greece recorded a fiscal deficit in 21 of those years, while Laos ran a deficit in 23 years. On average, Greece posted an annual deficit equal to 5.47% of GDP, compared to deficit of 2.63% of GDP for Laos.

Inflation comparison by year

Inflation
Greece

Laos
1x
Year Consumer prices inflation
Greece Laos
2024 2.74% 23.1%
2023 3.46% 31.2%
2022 9.65% 23%
2021 1.22% 3.8%
2020 -1.25% 5.1%
2019 0.25% 3.3%
2018 0.63% 2%
2017 1.12% 0.8%
2016 -0.83% 1.6%
2015 -1.74% 1.3%
2014 -1.31% 4.1%
2013 -0.92% 6.4%
2012 1.5% 4.3%
2011 3.33% 7.6%
2010 4.71% 6%
2009 1.21% 0.1%
2008 4.15% 7.6%
2007 2.9% 4.7%
2006 3.2% 6.5%
2005 3.55% 7.2%
2004 2.9% 10.5%
2003 3.53% 15.5%
2002 3.63% 10.6%
2001 3.37% 7.8%
2000 3.15% 8.4%
1999 2.64% 128.4%
1998 4.77% 90.1%
1997 5.54% 19.5%

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/laos | CC BY

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 15.7% in Laos. In 2024, inflation was 2.74% in Greece and 23.1% in Laos.

Top exports between countries

Greece
Export category Export value
Wood & paper products $329K
Processed food, beverages & tobacco $311K
Chemicals & pharma $113K
Raw materials & minerals $8K
Machinery & equipment $3K
Textiles & consumer goods $3K
Laos
Export category Export value
Textiles & consumer goods $82K

Balance of trade

Greece Laos
Current account balance
-$18.2B
2024
$531M
2024
Current account balance ranking
182/190
2024
61/190
2024
Current account balance, % of GDP
-7.11%
2024
+3.22%
2024
Goods imports
$91.2B
2024
$8.66B
2024
Goods exports
$52.6B
2024
$9.39B
2024
Service imports
$31.1B
2024
$1.27B
2024
Service exports
$55.8B
2024
$1.73B
2024
Imports of goods and services, % of GDP
47.7%
2024
41.9%
2016
Exports of goods and services, % of GDP
42.1%
2024
33.2%
2016

Economic freedom indices

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

Greece Laos
Economic freedom 63.2 50.9
Economic freedom ranking 82/197 157/197
Property rights 78 41.1
Government integrity 54.8 25.9
Judicial effectiveness 68 10.2
Tax burden 59.9 88.5
Government spending 24.7 92.7
Fiscal health 78.9 80
Business freedom 77.8 54.2
Labor freedom 59.7 40.7
Monetary freedom 72.6 53.3
Trade freedom 79.4 69
Investment freedom 55 35
Financial freedom 50 20

Economic freedom comparison by year

Greece
Laos
1x
Year Economic freedom index
Greece Laos
2026 63.2 50.9
2025 60.6 51.1
2024 55.1 50.6
2023 56.9 50.3
2022 61.5 49.2
2021 60.9 53.9
2020 59.9 55.5
2019 57.7 57.4
2018 57.3 53.6
2017 55 54
2016 53.2 49.8
2015 54 51.4
2014 55.7 51.2
2013 55.4 50.1
2012 55.4 50
2011 60.3 51.3
2010 62.7 51.1
2009 60.8 50.4
2008 60.6 50.3
2007 58.7 50.3
2006 60.1 47.5
2005 59 44.4
2004 59.1 42
2003 58.8 41
2002 59.1 36.8
2001 63.4 33.5
2000 61 36.8
1999 61 35.2
1998 60.6 35.2
1997 59.6 35.1
1996 60.5 38.5
1995 61.2 -

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 50.9 for Laos, ranking 157/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Laos
Services, % of GDP
68%
2024
43.5%
2024
Industry, % of GDP
15%
2024
29%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
16.8%
2024
GNI, Atlas method
$236B
2024
$15.5B
2024
GNI per capita, PPP
$43,340
2024
$9,160
2024
Total reserves including gold
$15.2B
2024
$1.77B
2023
Total reserves ranking
67/177
2024
129/177
2023
Net foreign direct investment
-$4.52B
2024
-$988M
2024
Net inflows of foreign direct investment
$6.74B
2024
$988M
2024
Net outflows of foreign direct investment
$2.22B
2024
$0
2024
Servicing debt to the IMF, % of GNI n/a
13.8%
2024
Poverty at national poverty lines
18.8%
2021
22%
2020
Gross capital formation, % of GDP
18.3%
2024
29%
2016

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/laos | 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 (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.