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Economy of Greece vs Lithuania compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $95.2B for Lithuania, ranking 52/197 and 79/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $37.9B (39.8% of GDP) in Lithuania.

Greece vs Lithuania GDP by year

Greece
Lithuania
1x
Year GDP, current $
Greece Lithuania
2025 $280,635,521,324 $95,210,150,818
2024 $256,238,371,778 $85,503,938,574
2023 $242,946,187,738 $80,356,613,555
2022 $217,990,189,601 $70,639,687,326
2021 $218,303,801,895 $67,072,165,721
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 (1960–2025, retrieved 2026-07-08).

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
2025 $26,948 - $32,959 -
2024 $24,626 $44,327 $29,604 $55,286
2023 $23,344 $42,711 $27,983 $52,348
2022 $20,885 $39,612 $24,947 $50,936
2021 $20,653 $33,531 $23,883 $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 (1960–2025, retrieved 2026-07-08).

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

Greece's GDP per capita is $26,948, ranking 50/197, compared to $32,959 in Lithuania, ranking 39/197. 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
$281B
2025
$95.2B
2025
GDP rank
52/197
2025
79/197
2025
GDP growth
2.07%
2024-2025
2.92%
2024-2025
GDP per capita
$26,948
2025
$32,959
2025
GDP per capita rank
50/197
2025
39/197
2025
GDP per capita, PPP
$44,327
2024
$55,286
2024
GDP per capita PPP rank
52/197
2024
39/197
2024
Government debt
$409B
2025
$37.9B
2025
Debt-to-GDP ratio
145.7%
2025
39.8%
2025
Government debt per person
$39,257
2025
$13,127
2025
Government debt per person rank
19/185
2025
49/185
2025
Average annual personal income after taxes
$14,117
2026
$20,453
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
27.3%
2023
Income share by poorest 10%
2.7%
2023
2.2%
2023
Government expenditure, % of GDP
49.7%
2025
41.2%
2025
Consumer prices inflation
2.48%
2024-2025
3.79%
2024-2025
Unemployment rate
8.84%
2025
6.9%
2025
Population
10371575
2845693

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
2025 49.7% 145.7% 41.2% 39.8%
2024 48.2% 155.4% 39.4% 38%
2023 49.6% 165.5% 37.2% 37.1%
2022 53.1% 179.2% 36.6% 38.3%
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% 39.1%
2016 50.3% 183.7% 34.5% 39.8%
2015 51.9% 180% 35.2% 42.4%
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% 35.1% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Lithuania spent $39.2B, or 41.2% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 39.8% in Lithuania, ranking 7/185 and 135/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Lithuania
1x
Year Deficit/surplus, % of GDP
Greece Lithuania
2025 1.26% -2.18%
2024 1.23% -1.28%
2023 -1.44% -0.66%
2022 -2.57% -0.72%
2021 -7.76% -1.15%
2020 -10.4% -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% -3.58%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/greece/lithuania | 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 Lithuania's deficit of $2.08B, or 2.18% of GDP.

Over the past 31 years, Greece recorded a fiscal deficit in 26 of those years, while Lithuania ran a deficit in 27 years. On average, Greece posted an annual deficit equal to 5.58% of GDP, compared to deficit of 2.5% of GDP for Lithuania.

Inflation comparison by year

Inflation
Greece

Lithuania
1x
Year Consumer prices inflation
Greece Lithuania
2025 2.48% 3.79%
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 (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 3.54% in Lithuania. In 2025, inflation was 2.48% in Greece and 3.79% in Lithuania.

Top exports between countries

Greece
Export category Export value
Transport & tourism services $63.9M
Processed food, beverages & tobacco $20.2M
Chemicals & pharma $15.6M
Machinery & equipment $12.7M
Raw agricultural goods $11.7M
Business & finance services $10.1M
Raw materials & minerals $8.13M
Textiles & consumer goods $7.97M
Metals $6.86M
Manufacturing & construction services $5.41M
Lithuania
Export category Export value
Business & finance services $40.4M
Machinery & equipment $35.9M
Animal & marine products $28.5M
Textiles & consumer goods $25.8M
Processed food, beverages & tobacco $25.7M
Transport & tourism services $25.2M
Raw materials & minerals $13.8M
Chemicals & pharma $11.2M
Wood & paper products $4.38M
Metals $3.54M

Balance of trade

Greece Lithuania
Current account balance
-$18.2B
2024
$900M
2025
Current account balance ranking
183/190
2024
51/190
2025
Current account balance, % of GDP
-7.11%
2024
+0.94%
2025
Goods imports
$91.2B
2024
$48.3B
2025
Goods exports
$52.6B
2024
$40.7B
2025
Service imports
$31.1B
2024
$17.5B
2025
Service exports
$55.8B
2024
$28.8B
2025
Imports of goods and services, % of GDP
44%
2025
69.1%
2025
Exports of goods and services, % of GDP
39.5%
2025
73%
2025

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 2026-07-08).

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
67.4%
2025
64.8%
2025
Industry, % of GDP
15.2%
2025
22.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
2.27%
2025
GNI, Atlas method
$264B
2025
$88.1B
2025
GNI per capita, PPP
$44,310
2025
$55,010
2025
Total reserves including gold
$24B
2025
$7.06B
2025
Total reserves ranking
63/177
2025
90/177
2025
Net foreign direct investment
-$4.52B
2024
-$2.96B
2025
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
17.2%
2025
22.2%
2025

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/lithuania | 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 (2024–2025, 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.

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.