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Economy of Greece vs Liberia compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $5.25B for Liberia, ranking 52/197 and 162/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $2.88B (54.9% of GDP) in Liberia.

Greece vs Liberia GDP by year

Greece
Liberia
1x
Year GDP, current $
Greece Liberia
2025 $280,635,521,324 $5,245,938,900
2024 $256,238,371,778 $4,779,300,900
2023 $242,946,187,738 $4,390,000,000
2022 $217,990,189,601 $4,001,047,000
2021 $218,303,801,895 $3,513,049,500
2020 $191,362,985,555 $3,176,126,300
2019 $207,305,649,887 $3,319,596,500
2018 $213,298,873,494 $3,422,754,800
2017 $200,381,103,984 $3,390,703,400
2016 $193,097,239,006 $3,398,419,600
2015 $194,567,373,678 $3,227,075,700
2014 $233,911,581,521 $3,225,652,000
2013 $236,556,279,641 $3,177,198,100
2012 $238,841,140,018 $2,791,614,000
2011 $283,228,079,776 $2,398,000,000
2010 $296,417,644,404 $1,998,000,000
2009 $326,829,054,686 $1,768,000,000
2008 $351,121,399,546 $1,726,000,000
2007 $314,226,996,944 $1,373,000,000
2006 $269,073,415,334 $1,119,000,000
2005 $242,315,668,619 $949,000,000
2004 $234,979,615,898 $897,000,000
2003 $196,930,509,813 $748,000,000
2002 $150,253,800,086 $927,000,000
2001 $132,050,474,720 $906,000,000
2000 $125,760,166,225 $874,000,000
1999 $137,131,371,955 $441,800,000
1998 $139,612,812,176 $359,600,000
1997 $138,766,067,640 $295,900,000
1996 $142,502,984,145 $159,400,000
1995 $134,974,613,914 $134,800,000
1994 $114,980,063,202 $132,200,000
1993 $107,295,704,518 $160,400,000
1992 $114,608,178,405 $223,500,000
1991 $103,680,863,713 $348,000,000
1990 $96,529,587,274 $384,400,000
1989 $78,067,933,277 $786,300,000
1988 $75,200,610,137 $1,038,300,000
1987 $64,739,630,096 $972,800,000
1986 $55,595,445,472 $840,964,400
1985 $47,155,741,426 $851,296,100
1984 $47,352,146,312 $848,478,300
1983 $48,741,397,059 $823,374,900
1982 $53,858,346,939 $863,933,200
1981 $51,618,456,335 $846,514,500
1980 $56,039,256,595 $854,711,500
1979 $53,724,121,435 $814,067,900
1978 $43,654,480,519 $717,240,400
1977 $35,673,080,481 $673,010,600
1976 $30,719,552,239 $596,675,700
1975 $28,129,128,587 $577,549,300
1974 $24,998,715,909 $486,955,000
1973 $22,037,019,563 $386,968,300
1972 $16,650,659,091 $368,098,000
1971 $14,388,806,818 $341,543,100
1970 $12,957,113,636 $323,099,700
1969 $11,454,106,327 $306,961,800
1968 $9,950,331,206 $276,820,700
1967 $9,146,592,856 $261,024,300
1966 $8,472,021,467 $244,459,500
1965 $7,582,209,670 $229,260,800
1964 $6,576,906,345 $218,929,100
1963 $5,813,285,627 $200,229,600
1962 $5,140,542,929 $191,861,800
1961 $4,892,397,431 $183,920,900
1960 $4,274,890,307 $190,495,600

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Greece vs Liberia by year

Greece
GDP per capita

GDP per capita, PPP
Liberia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Liberia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $915 -
2024 $24,626 $44,327 $851 $1,871
2023 $23,344 $42,711 $799 $1,795
2022 $20,885 $39,612 $745 $1,692
2021 $20,653 $33,531 $668 $1,539
2020 $17,887 $29,533 $617 $1,660
2019 $19,335 $31,927 $658 $1,900
2018 $19,873 $29,792 $692 $1,800
2017 $18,632 $28,682 $699 $1,665
2016 $17,919 $27,505 $715 $1,490
2015 $17,981 $26,608 $693 $1,340
2014 $21,475 $26,450 $707 $1,419
2013 $21,573 $25,731 $711 $1,360
2012 $21,624 $24,583 $638 $1,157
2011 $25,505 $25,693 $568 $1,041
2010 $26,653 $27,839 $492 $980
2009 $29,425 $29,963 $448 $939
2008 $31,696 $30,441 $452 $915
2007 $28,441 $28,896 $374 $873
2006 $24,416 $28,076 $321 $815
2005 $22,054 $25,004 $287.5 $774
2004 $21,449 $24,826 $284.1 $745
2003 $18,021 $23,253 $239.8 $716
2002 $13,782 $21,985 $299.5 $1,013
2001 $12,157 $20,304 $300 $987
2000 $11,638 $18,820 $298.5 $965
1999 $12,743 $17,758 $156.6 $762
1998 $13,023 $17,434 $134.7 $652
1997 $13,016 $16,630 $122.6 $548
1996 $13,433 $15,778 $71.4 $282.2
1995 $12,779 $15,218 $62.1 $254.4
1994 $10,937 $14,667 $61.5 $262.6
1993 $10,257 $14,150 $74.4 $328
1992 $11,021 $14,130 $107.8 $497
1991 $10,047 $13,824 $177.9 $793
1990 $9,467 $13,126 $172.9 $787
1989 $7,738 - $312 -
1988 $7,492 - $424 -
1987 $6,474 - $409 -
1986 $5,578 - $364 -
1985 $4,747 - $380 -
1984 $4,785 - $390 -
1983 $4,950 - $391 -
1982 $5,502 - $422 -
1981 $5,305 - $426 -
1980 $5,812 - $443 -
1979 $5,627 - $435 -
1978 $4,629 - $394 -
1977 $3,832 - $381 -
1976 $3,343 - $347 -
1975 $3,109 - $346 -
1974 $2,789 - $299.4 -
1973 $2,468 - $244.4 -
1972 $1,873 - $238.6 -
1971 $1,629 - $227.1 -
1970 $1,474 - $220.3 -
1969 $1,306 - $214.7 -
1968 $1,138 - $198.6 -
1967 $1,053 - $192.2 -
1966 $984 - $184.6 -
1965 $887 - $177.6 -
1964 $773 - $173.9 -
1963 $686 - $163.1 -
1962 $608 - $160.3 -
1961 $583 - $157.5 -
1960 $513 - $167.2 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Greece's GDP per capita is $26,948, ranking 50/197, compared to $915 in Liberia, ranking 184/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Liberia ranks 188th at $1,871.

Economic indicators

Greece Liberia
Gross domestic product
$281B
2025
$5.25B
2025
GDP rank
52/197
2025
162/197
2025
GDP growth
2.07%
2024-2025
5.02%
2024-2025
GDP per capita
$26,948
2025
$915
2025
GDP per capita rank
50/197
2025
184/197
2025
GDP per capita, PPP
$44,327
2024
$1,871
2024
GDP per capita PPP rank
52/197
2024
188/197
2024
Government debt
$409B
2025
$2.88B
2025
Debt-to-GDP ratio
145.7%
2025
54.9%
2025
Government debt per person
$39,257
2025
$502
2025
Government debt per person rank
19/185
2025
167/185
2025
Average annual personal income after taxes
$14,117
2026
$1,467
2026
Market capitalization of domestic companies
$129B
2025
n/a
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
n/a
Income share by richest 10%
26%
2023
27.1%
2016
Income share by poorest 10%
2.7%
2023
2.9%
2016
Government expenditure, % of GDP
49.7%
2025
22.4%
2025
Consumer prices inflation
2.48%
2024-2025
8.3%
2024-2025
Unemployment rate
8.84%
2025
5.93%
2017
Population
10371575
5916561

Spending and national debt comparison by year

Greece
Spending

Debt
Liberia
Spending

Debt
1x
Year % of GDP
Greece Liberia
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 22.4% 54.9%
2024 48.2% 155.4% 24.1% 56.4%
2023 49.6% 165.5% 28.6% 57.2%
2022 53.1% 179.2% 27.4% 54.4%
2021 56.7% 197.8% 29.8% 53.5%
2020 59.3% 209.9% 35.3% 58.5%
2019 47.6% 183.7% 32.3% 48.1%
2018 48.6% 189.6% 32.7% 36.2%
2017 48.5% 182.6% 35.1% 31.8%
2016 50.3% 183.7% 35.8% 28%
2015 51.9% 180% 37.1% 24.4%
2014 51.5% 182.8% 33.4% 24.3%
2013 53% 180.5% 27.4% 20.6%
2012 54.9% 164.3% 30.8% 20.5%
2011 55.1% 175.1% 29.8% 22.5%
2010 53.1% 147.8% 25.1% 25.4%
2009 54.8% 128.5% 24% 132.2%
2008 51.5% 110.9% 21.8% 235.3%
2007 47.8% 104.6% 16.1% 367%
2006 45.9% 105.3% 10.6% 451%
2005 46.6% 109.9% 11.7% 488%
2004 48.8% 105.5% 12.1% 543%
2003 47.9% 104.3% 8.98% 600%
2002 47.1% 107.9% 12.7% 464%
2001 47.5% 110.5% 12.1% 465%
2000 48.2% 108.9% 14.5% 468%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Liberia spent $1.18B, or 22.4% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 54.9% in Liberia, ranking 7/185 and 90/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Liberia
1x
Year Deficit/surplus, % of GDP
Greece Liberia
2025 1.26% -1.41%
2024 1.23% -1.8%
2023 -1.44% -8.55%
2022 -2.57% -5.82%
2021 -7.76% -2.5%
2020 -10.4% -4.02%
2019 -0.09% -4.92%
2018 0.78% -4.7%
2017 1.05% -7.14%
2016 0.28% -3.83%
2015 -3.03% -3.74%
2014 -4.29% -4.92%
2013 -4.06% 1.29%
2012 -6.94% -2.86%
2011 -10.5% -4.39%
2010 -11.4% 1.16%
2009 -15.4% -1.4%
2008 -10.3% -2.7%
2007 -6.81% 2.28%
2006 -6.04% 4.23%
2005 -6.33% -0.51%
2004 -9.05% -0.56%
2003 -8.05% 0.36%
2002 -6.2% -1.57%
2001 -5.64% -0.94%
2000 -4.21% -0.08%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

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

In 2025, Greece's government surplus, the difference between spending and revenue, was $3.53B, equivalent to 1.26% of GDP. This compares to Liberia's deficit of $74.2M, or 1.41% of GDP.

Over the past 26 years, Greece recorded a fiscal deficit in 21 of those years, while Liberia ran a deficit in 21 years. On average, Greece posted an annual deficit equal to 5.23% of GDP, compared to deficit of 2.27% of GDP for Liberia.

Inflation comparison by year

Inflation
Greece

Liberia
1x
Year Consumer prices inflation
Greece Liberia
2025 2.48% 8.3%
2024 2.74% 8.2%
2023 3.46% 10.1%
2022 9.65% 7.6%
2021 1.22% 7.8%
2020 -1.25% 17%
2019 0.25% 27%
2018 0.63% 23.5%
2017 1.12% 12.4%
2016 -0.83% 8.8%
2015 -1.74% 7.7%
2014 -1.31% 9.9%
2013 -0.92% 7.6%
2012 1.5% 6.8%
2011 3.33% 8.5%
2010 4.71% 7.3%
2009 1.21% 7.4%
2008 4.15% 17.5%
2007 2.9% 11.4%
2006 3.2% 9.5%
2005 3.55% 6.9%
2004 2.9% 3.6%
2003 3.53% 10.3%
2002 3.63% 14.2%
2001 3.37% 12.1%
2000 3.15% 5.3%
1999 2.64% 2%
1998 4.77% -
1997 5.54% -

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | World Economic Outlook (1999–2025, retrieved 2026-07-08).

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

Over the past 27 years, Greece has recorded an average annual inflation rate of 2.2%, compared with 10.3% in Liberia. In 2025, inflation was 2.48% in Greece and 8.3% in Liberia.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $191M
Machinery & equipment $28.1M
Miscellaneous $15M
Metals $5.31M
Textiles & consumer goods $3.44M
Chemicals & pharma $2.26M
Processed food, beverages & tobacco $469K
Wood & paper products $309K
Animal & marine products $117K
Raw agricultural goods $27K
Liberia
Export category Export value
Wood & paper products $27K
Machinery & equipment $1K

Balance of trade

Greece Liberia
Current account balance
-$18.2B
2024
$120M
2024
Current account balance ranking
183/190
2024
62/190
2024
Current account balance, % of GDP
-7.11%
2024
+2.51%
2024
Goods imports
$91.2B
2024
$1.51B
2024
Goods exports
$52.6B
2024
$1.31B
2024
Service imports
$31.1B
2024
$253M
2024
Service exports
$55.8B
2024
$42.6M
2024
Imports of goods and services, % of GDP
44%
2025
n/a
Exports of goods and services, % of GDP
39.5%
2025
28.5%
2026

Economic freedom indices

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

Greece Liberia
Economic freedom 63.2 49.8
Economic freedom ranking 82/197 163/197
Property rights 78 40.4
Government integrity 54.8 25.8
Judicial effectiveness 68 23.4
Tax burden 59.9 86.1
Government spending 24.7 79.5
Fiscal health 78.9 56.9
Business freedom 77.8 38
Labor freedom 59.7 43.4
Monetary freedom 72.6 71.4
Trade freedom 79.4 57.4
Investment freedom 55 55
Financial freedom 50 20

Economic freedom comparison by year

Greece
Liberia
1x
Year Economic freedom index
Greece Liberia
2026 63.2 49.8
2025 60.6 48.5
2024 55.1 49.9
2023 56.9 49.6
2022 61.5 47.9
2021 60.9 49.2
2020 59.9 49
2019 57.7 49.7
2018 57.3 50.9
2017 55 49.1
2016 53.2 52.2
2015 54 52.7
2014 55.7 52.4
2013 55.4 49.3
2012 55.4 48.6
2011 60.3 46.5
2010 62.7 46.2
2009 60.8 48.1
2008 60.6 -
2007 58.7 -
2006 60.1 -
2005 59 -
2004 59.1 -
2003 58.8 -
2002 59.1 -
2001 63.4 -
2000 61 -
1999 61 -
1998 60.6 -
1997 59.6 -
1996 60.5 -
1995 61.2 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 49.8 for Liberia, ranking 163/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Liberia
Services, % of GDP
67.4%
2025
40%
2025
Industry, % of GDP
15.2%
2025
24.5%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
32.7%
2025
GNI, Atlas method
$264B
2025
$4.76B
2025
GNI per capita, PPP
$44,310
2025
$1,840
2025
Total reserves including gold
$24B
2025
$339M
2025
Total reserves ranking
63/177
2025
166/177
2025
Net foreign direct investment
-$4.52B
2024
-$397M
2024
Net inflows of foreign direct investment
$6.74B
2024
$472M
2024
Net outflows of foreign direct investment
$2.22B
2024
$74.9M
2024
Servicing debt to the IMF, % of GNI n/a
3.12%
2024
Poverty at national poverty lines
18.8%
2021
50.9%
2016
Gross capital formation, % of GDP
17.2%
2025
n/a

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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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.