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Economy of Greece vs Lithuania compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $84.9B for Lithuania, ranking 53/197 and 79/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $32.4B (38.2% of GDP) in Lithuania.

Greece vs Lithuania GDP by year

Greece
Lithuania
1x
Year GDP, current $
Greece Lithuania
2024 $256,238,371,778 $84,869,215,513
2023 $242,946,187,738 $79,789,877,416
2022 $217,990,189,601 $71,033,884,500
2021 $218,303,801,895 $67,037,321,009
2020 $191,362,985,555 $57,412,038,533
2019 $207,305,649,887 $55,122,066,226
2018 $213,298,873,494 $54,261,795,149
2017 $200,381,103,984 $47,756,764,508
2016 $193,097,239,006 $42,970,749,245
2015 $194,567,373,678 $41,540,954,817
2014 $233,911,581,521 $48,306,546,657
2013 $236,556,279,641 $46,303,660,422
2012 $238,841,140,018 $42,709,372,067
2011 $283,228,079,776 $43,186,501,863
2010 $296,417,644,404 $36,638,128,534
2009 $326,829,054,686 $37,494,380,039
2008 $351,121,399,546 $47,831,254,208
2007 $314,226,996,944 $39,729,151,615
2006 $269,073,415,334 $30,116,192,747
2005 $242,315,668,619 $26,105,207,115
2004 $234,979,615,898 $22,743,164,431
2003 $196,930,509,813 $18,809,197,970
2002 $150,253,800,086 $14,282,292,665
2001 $132,050,474,720 $12,260,761,329
2000 $125,760,166,225 $11,550,695,727
1999 $137,131,371,955 $11,022,095,814
1998 $139,612,812,176 $11,289,161,847
1997 $138,766,067,640 $10,168,271,903
1996 $142,502,984,145 $8,430,207,164
1995 $134,974,613,914 $7,921,210,340
1994 $114,980,063,202 -
1993 $107,295,704,518 -
1992 $114,608,178,405 -
1991 $103,680,863,713 -
1990 $96,529,587,274 -
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/lithuania | CC BY

GDP per capita in Greece vs Lithuania by year

Greece
GDP per capita

GDP per capita, PPP
Lithuania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Lithuania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $29,384 $55,286
2023 $23,344 $42,711 $27,786 $52,348
2022 $20,887 $39,612 $25,086 $50,936
2021 $20,655 $33,531 $23,870 $45,874
2020 $17,887 $29,533 $20,429 $41,263
2019 $19,335 $31,927 $19,609 $40,564
2018 $19,873 $29,792 $19,247 $36,492
2017 $18,632 $28,682 $16,800 $31,305
2016 $17,919 $27,505 $14,934 $28,699
2015 $17,981 $26,608 $14,270 $26,949
2014 $21,475 $26,450 $16,446 $26,275
2013 $21,573 $25,731 $15,637 $24,890
2012 $21,624 $24,583 $14,288 $23,275
2011 $25,505 $25,693 $14,262 $21,558
2010 $26,653 $27,839 $11,829 $18,719
2009 $29,425 $29,963 $11,854 $17,055
2008 $31,696 $30,441 $14,956 $19,410
2007 $28,441 $28,896 $12,295 $17,969
2006 $24,416 $28,076 $9,210 $15,522
2005 $22,054 $25,004 $7,857 $13,951
2004 $21,449 $24,826 $6,735 $12,605
2003 $18,021 $23,253 $5,507 $11,660
2002 $13,782 $21,985 $4,148 $10,296
2001 $12,157 $20,304 $3,533 $9,399
2000 $11,638 $18,820 $3,301 $8,475
1999 $12,743 $17,758 $3,128 $7,918
1998 $13,023 $17,434 $3,181 $7,846
1997 $13,016 $16,630 $2,844 $7,167
1996 $13,433 $15,778 $2,341 $6,479
1995 $12,779 $15,218 $2,183 $6,023
1994 $10,937 $14,667 - $5,667
1993 $10,257 $14,150 - $6,107
1992 $11,021 $14,130 - $7,087
1991 $10,047 $13,824 - $8,790
1990 $9,467 $13,126 - $9,030
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/lithuania | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $29,384 in Lithuania, ranking 43/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Lithuania ranks 39th at $55,286.

Economic indicators

Greece Lithuania
Gross domestic product
$256B
2024
$84.9B
2024
GDP rank
53/197
2024
79/197
2024
GDP growth
2.09%
2023-2024
2.77%
2023-2024
GDP per capita
$24,626
2024
$29,384
2024
GDP per capita rank
49/197
2024
43/197
2024
GDP per capita, PPP
$44,327
2024
$55,286
2024
GDP per capita PPP rank
52/197
2024
39/197
2024
Government debt
$397B
2024
$32.4B
2024
Debt-to-GDP ratio
154.8%
2024
38.2%
2024
Government debt per person
$38,119
2024
$11,232
2024
Government debt per person rank
16/185
2024
49/185
2024
Average annual personal income after taxes
$14,396
2026
$19,946
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
27.3%
2023
Income share by poorest 10%
2.7%
2023
2.2%
2023
Government expenditure, % of GDP
48%
2024
39.5%
2024
Consumer prices inflation
2.74%
2023-2024
0.72%
2023-2024
Unemployment rate
10%
2024
7.1%
2024
Population
10181414
2829914

Spending and national debt comparison by year

Greece
Spending

Debt
Lithuania
Spending

Debt
1x
Year % of GDP
Greece Lithuania
Government spending Government debt Government spending Government debt
2024 48% 154.8% 39.5% 38.2%
2023 49.5% 165.2% 37.4% 37.3%
2022 52.8% 178.4% 36.3% 38.1%
2021 56.7% 197.8% 37.3% 43.3%
2020 59.3% 209.9% 42.4% 45.9%
2019 47.6% 183.7% 34.6% 35.6%
2018 48.6% 189.6% 33.8% 33.3%
2017 48.5% 182.6% 33.4% 39.3%
2016 50.3% 183.7% 34.5% 40%
2015 51.9% 180% 35.2% 42.6%
2014 51.5% 182.8% 35% 40.7%
2013 53% 180.5% 35.7% 38.9%
2012 54.9% 164.3% 36.6% 39.9%
2011 55.1% 175.1% 40.1% 37.5%
2010 53.1% 147.8% 43% 36.7%
2009 54.8% 128.5% 44.8% 27.9%
2008 51.5% 110.9% 38.2% 14.6%
2007 47.8% 104.6% 35.3% 15.9%
2006 45.9% 105.3% 34.4% 17.3%
2005 46.6% 109.9% 34.1% 17.6%
2004 48.8% 105.5% 33.9% 18.6%
2003 47.9% 104.3% 32.8% 20.4%
2002 47.1% 107.9% 34.4% 22.1%
2001 47.5% 110.5% 36.5% 22.9%
2000 48.2% 108.9% 38.7% 23.5%
1999 48% 102.8% 42.4% 28%
1998 46.7% 100.8% 39.6% 21.7%
1997 45.1% 102.6% 35% -
1996 46.1% 103.7% 34.4% -
1995 46.6% 100.4% 35.5% -
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/lithuania | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Lithuania spent $33.5B, or 39.5% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 38.2% in Lithuania, ranking 7/185 and 139/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Lithuania
1x
Year Deficit/surplus, % of GDP
Greece Lithuania
2024 1.34% -1.28%
2023 -1.35% -0.69%
2022 -2.46% -0.72%
2021 -7.58% -1.15%
2020 -10.3% -6.42%
2019 -0.09% 0.41%
2018 0.78% 0.52%
2017 1.05% 0.36%
2016 0.28% 0.03%
2015 -3.03% -0.77%
2014 -4.29% -1.79%
2013 -4.06% -2.69%
2012 -6.94% -3.15%
2011 -10.5% -5.92%
2010 -11.4% -6.95%
2009 -15.4% -9.09%
2008 -10.3% -3.09%
2007 -6.81% -0.82%
2006 -6.04% -0.27%
2005 -6.33% -0.34%
2004 -9.05% -1.39%
2003 -8.05% -1.26%
2002 -6.2% -1.85%
2001 -5.64% -3.52%
2000 -4.21% -3.18%
1999 -6.02% -7.82%
1998 -6.48% -4.93%
1997 -6.25% -0.76%
1996 -8.35% -3.59%
1995 -9.87% -3.31%
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/lithuania | 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 Lithuania's deficit of $1.09B, or 1.28% of GDP.

Over the past 30 years, Greece recorded a fiscal deficit in 26 of those years, while Lithuania ran a deficit in 26 years. On average, Greece posted an annual deficit equal to 5.79% of GDP, compared to deficit of 2.51% of GDP for Lithuania.

Inflation comparison by year

Inflation
Greece

Lithuania
1x
Year Consumer prices inflation
Greece Lithuania
2024 2.74% 0.72%
2023 3.46% 9.12%
2022 9.65% 19.7%
2021 1.22% 4.68%
2020 -1.25% 1.2%
2019 0.25% 2.33%
2018 0.63% 2.7%
2017 1.12% 3.72%
2016 -0.83% 0.91%
2015 -1.74% -0.88%
2014 -1.31% 0.1%
2013 -0.92% 1.05%
2012 1.5% 3.09%
2011 3.33% 4.13%
2010 4.71% 1.32%
2009 1.21% 4.45%
2008 4.15% 10.9%
2007 2.9% 5.74%
2006 3.2% 3.74%
2005 3.55% 2.66%
2004 2.9% 1.16%
2003 3.53% -1.13%
2002 3.63% 0.28%
2001 3.37% 1.37%
2000 3.15% 0.98%
1999 2.64% 0.73%
1998 4.77% 5.07%
1997 5.54% 8.88%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 3.53% in Lithuania. In 2024, inflation was 2.74% in Greece and 0.72% in Lithuania.

Top exports between countries

Greece
Export category Export value
Transport & tourism services $62.2M
Machinery & equipment $17.5M
Processed food, beverages & tobacco $16M
Chemicals & pharma $12.9M
Business & finance services $12.8M
Raw agricultural goods $12.1M
Textiles & consumer goods $7.77M
Metals $5.52M
IT & IP services $5.41M
Raw materials & minerals $4.18M
Lithuania
Export category Export value
Machinery & equipment $43.6M
Textiles & consumer goods $32.1M
Animal & marine products $19.8M
Processed food, beverages & tobacco $17.6M
Raw materials & minerals $10.5M
Business & finance services $9.9M
Chemicals & pharma $6.21M
Metals $3.75M
Transport & tourism services $2.37M
Wood & paper products $2.26M

Balance of trade

Greece Lithuania
Current account balance
-$18.2B
2024
$2.77B
2024
Current account balance ranking
182/190
2024
41/190
2024
Current account balance, % of GDP
-7.11%
2024
+3.27%
2024
Goods imports
$91.2B
2024
$43.8B
2024
Goods exports
$52.6B
2024
$38.9B
2024
Service imports
$31.1B
2024
$14.7B
2024
Service exports
$55.8B
2024
$24.3B
2024
Imports of goods and services, % of GDP
47.7%
2024
68.9%
2024
Exports of goods and services, % of GDP
42.1%
2024
74.1%
2024

Economic freedom indices

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

Greece Lithuania
Economic freedom 63.2 75.3
Economic freedom ranking 82/197 18/197
Property rights 78 91.8
Government integrity 54.8 71.4
Judicial effectiveness 68 73.2
Tax burden 59.9 76.2
Government spending 24.7 57.3
Fiscal health 78.9 95.8
Business freedom 77.8 84.2
Labor freedom 59.7 58.1
Monetary freedom 72.6 76.7
Trade freedom 79.4 79.4
Investment freedom 55 70
Financial freedom 50 70

Economic freedom comparison by year

Greece
Lithuania
1x
Year Economic freedom index
Greece Lithuania
2026 63.2 75.3
2025 60.6 74.6
2024 55.1 72.9
2023 56.9 72.2
2022 61.5 75.8
2021 60.9 76.9
2020 59.9 76.7
2019 57.7 74.2
2018 57.3 75.3
2017 55 75.8
2016 53.2 75.2
2015 54 74.7
2014 55.7 73
2013 55.4 72.1
2012 55.4 71.5
2011 60.3 71.3
2010 62.7 70.3
2009 60.8 70
2008 60.6 70.9
2007 58.7 71.5
2006 60.1 71.8
2005 59 70.5
2004 59.1 72.4
2003 58.8 69.7
2002 59.1 66.1
2001 63.4 65.5
2000 61 61.9
1999 61 61.5
1998 60.6 59.4
1997 59.6 57.3
1996 60.5 49.7
1995 61.2 -

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 75.3 for Lithuania, ranking 18/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Lithuania
Services, % of GDP
68%
2024
63.6%
2024
Industry, % of GDP
15%
2024
23.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
2.57%
2024
GNI, Atlas method
$236B
2024
$78.4B
2024
GNI per capita, PPP
$43,340
2024
$53,920
2024
Total reserves including gold
$15.2B
2024
$7.41B
2024
Total reserves ranking
67/177
2024
86/177
2024
Net foreign direct investment
-$4.52B
2024
-$3.91B
2024
Net inflows of foreign direct investment
$6.74B
2024
$4.7B
2024
Net outflows of foreign direct investment
$2.22B
2024
$795M
2024
Poverty at national poverty lines
18.8%
2021
20.9%
2021
Gross capital formation, % of GDP
18.3%
2024
20.4%
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/lithuania | 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.

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.