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Economy of Greece vs Malta compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $27.8B for Malta, ranking 52/197 and 118/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $13B (46.8% of GDP) in Malta.

Greece vs Malta GDP by year

Greece
Malta
1x
Year GDP, current $
Greece Malta
2025 $280,635,521,324 $27,771,821,561
2024 $256,238,371,778 $25,042,712,191
2023 $242,946,187,738 $22,625,329,776
2022 $217,990,189,601 $18,938,869,147
2021 $218,303,801,895 $19,730,119,031
2020 $191,362,985,555 $16,404,655,808
2019 $207,305,649,887 $16,337,788,881
2018 $213,298,873,494 $16,153,785,817
2017 $200,381,103,984 $14,161,374,599
2016 $193,097,239,006 $12,025,777,078
2015 $194,567,373,678 $11,340,789,706
2014 $233,911,581,521 $11,888,029,752
2013 $236,556,279,641 $10,796,780,874
2012 $238,841,140,018 $9,609,530,619
2011 $283,228,079,776 $9,789,363,086
2010 $296,417,644,404 $9,097,044,301
2009 $326,829,054,686 $8,769,897,418
2008 $351,121,399,546 $9,172,399,573
2007 $314,226,996,944 $7,908,412,374
2006 $269,073,415,334 $6,749,838,862
2005 $242,315,668,619 $6,393,234,965
2004 $234,979,615,898 $6,104,141,501
2003 $196,930,509,813 $5,418,315,225
2002 $150,253,800,086 $4,455,127,398
2001 $132,050,474,720 $4,070,867,153
2000 $125,760,166,225 $4,036,809,767
1999 $137,131,371,955 $4,111,857,836
1998 $139,612,812,176 $4,010,111,652
1997 $138,766,067,640 $3,787,023,655
1996 $142,502,984,145 $3,822,547,151
1995 $134,974,613,914 $3,709,396,089
1994 $114,980,063,202 $2,998,505,428
1993 $107,295,704,518 $2,709,193,538
1992 $114,608,178,405 $3,021,942,759
1991 $103,680,863,713 $2,750,216,747
1990 $96,529,587,274 $2,547,328,748
1989 $78,067,933,277 $2,118,655,677
1988 $75,200,610,137 $2,019,503,068
1987 $64,739,630,096 $1,751,293,461
1986 $55,595,445,472 $1,435,038,441
1985 $47,155,741,426 $1,117,797,439
1984 $47,352,146,312 $1,101,807,023
1983 $48,741,397,059 $1,165,729,707
1982 $53,858,346,939 $1,234,474,404
1981 $51,618,456,335 $1,243,509,394
1980 $56,039,256,595 $1,250,198,601
1979 $53,724,121,435 $1,001,288,847
1978 $43,654,480,519 $793,673,402
1977 $35,673,080,481 $625,563,171
1976 $30,719,552,239 $527,936,989
1975 $28,129,128,587 $474,618,321
1974 $24,998,715,909 $376,081,124
1973 $22,037,019,563 $345,616,106
1972 $16,650,659,091 $295,106,628
1971 $14,388,806,818 $264,578,485
1970 $12,957,113,636 $250,728,796
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/malta | CC BY

GDP per capita in Greece vs Malta by year

Greece
GDP per capita

GDP per capita, PPP
Malta
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Malta
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $47,907 -
2024 $24,626 $44,327 $44,024 $69,864
2023 $23,344 $42,711 $40,933 $67,057
2022 $20,885 $39,612 $35,659 $60,589
2021 $20,653 $33,531 $38,078 $56,852
2020 $17,887 $29,533 $31,823 $49,972
2019 $19,335 $31,927 $32,422 $51,393
2018 $19,873 $29,792 $33,382 $48,178
2017 $18,632 $28,682 $30,317 $45,764
2016 $17,919 $27,505 $26,459 $41,000
2015 $17,981 $26,608 $25,530 $38,369
2014 $21,475 $26,450 $27,425 $35,206
2013 $21,573 $25,731 $25,416 $33,138
2012 $21,624 $24,583 $22,878 $30,716
2011 $25,505 $25,693 $23,517 $29,426
2010 $26,653 $27,839 $21,947 $28,909
2009 $29,425 $29,963 $21,262 $26,782
2008 $31,696 $30,441 $22,406 $26,654
2007 $28,441 $28,896 $19,444 $25,012
2006 $24,416 $28,076 $16,654 $23,219
2005 $22,054 $25,004 $15,831 $22,227
2004 $21,449 $24,826 $15,212 $21,566
2003 $18,021 $23,253 $13,594 $20,813
2002 $13,782 $21,985 $11,251 $19,532
2001 $12,157 $20,304 $10,358 $18,435
2000 $11,638 $18,820 $10,348 $18,214
1999 $12,743 $17,758 $10,609 $16,898
1998 $13,023 $17,434 $10,408 $16,219
1997 $13,016 $16,630 $9,893 $15,465
1996 $13,433 $15,778 $10,062 $14,661
1995 $12,779 $15,218 $9,828 $13,950
1994 $10,937 $14,667 $8,000 $12,938
1993 $10,257 $14,150 $7,296 $12,103
1992 $11,021 $14,130 $8,220 $11,429
1991 $10,047 $13,824 $7,559 $10,784
1990 $9,467 $13,126 $7,192 $10,086
1989 $7,738 - $6,041 -
1988 $7,492 - $5,814 -
1987 $6,474 - $5,084 -
1986 $5,578 - $4,195 -
1985 $4,747 - $3,322 -
1984 $4,785 - $3,333 -
1983 $4,950 - $3,527 -
1982 $5,502 - $3,788 -
1981 $5,305 - $3,898 -
1980 $5,812 - $3,948 -
1979 $5,627 - $3,196 -
1978 $4,629 - $2,559 -
1977 $3,832 - $2,038 -
1976 $3,343 - $1,727 -
1975 $3,109 - $1,560 -
1974 $2,789 - $1,245 -
1973 $2,468 - $1,144 -
1972 $1,873 - $976 -
1971 $1,629 - $874 -
1970 $1,474 - $828 -
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/malta | CC BY

Greece's GDP per capita is $26,948, ranking 50/197, compared to $47,907 in Malta, ranking 28/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Malta ranks 25th at $69,864.

Economic indicators

Greece Malta
Gross domestic product
$281B
2025
$27.8B
2025
GDP rank
52/197
2025
118/197
2025
GDP growth
2.07%
2024-2025
3.96%
2024-2025
GDP per capita
$26,948
2025
$47,907
2025
GDP per capita rank
50/197
2025
28/197
2025
GDP per capita, PPP
$44,327
2024
$69,864
2024
GDP per capita PPP rank
52/197
2024
25/197
2024
Government debt
$409B
2025
$13B
2025
Debt-to-GDP ratio
145.7%
2025
46.8%
2025
Government debt per person
$39,257
2025
$22,407
2025
Government debt per person rank
19/185
2025
30/185
2025
Average annual personal income after taxes
$14,117
2026
$22,914
2026
Market capitalization of domestic companies
$129B
2025
$5.35B
2025
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
n/a
Income share by richest 10%
26%
2023
24.7%
2023
Income share by poorest 10%
2.7%
2023
2.8%
2023
Government expenditure, % of GDP
49.7%
2025
37%
2025
Consumer prices inflation
2.48%
2024-2025
2.36%
2024-2025
Unemployment rate
8.84%
2025
3.1%
2025
Population
10371575
586345

Spending and national debt comparison by year

Greece
Spending

Debt
Malta
Spending

Debt
1x
Year % of GDP
Greece Malta
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 37% 46.8%
2024 48.2% 155.4% 37.4% 46%
2023 49.6% 165.5% 35.8% 46.8%
2022 53.1% 179.2% 38.4% 50.1%
2021 56.7% 197.8% 39.5% 49.6%
2020 59.3% 209.9% 42.1% 48.6%
2019 47.6% 183.7% 34.9% 39.2%
2018 48.6% 189.6% 34.5% 41.4%
2017 48.5% 182.6% 32.7% 45.6%
2016 50.3% 183.7% 35.5% 53.1%
2015 51.9% 180% 37.8% 55%
2014 51.5% 182.8% 39.6% 60.7%
2013 53% 180.5% 40.1% 64.9%
2012 54.9% 164.3% 41.7% 65.6%
2011 55.1% 175.1% 41.5% 68.9%
2010 53.1% 147.8% 40.1% 65%
2009 54.8% 128.5% 41.1% 66%
2008 51.5% 110.9% 42.1% 61.5%
2007 47.8% 104.6% 41.2% 62%
2006 45.9% 105.3% 42.5% 64.5%
2005 46.6% 109.9% 42.5% 70.2%
2004 48.8% 105.5% 42% 70.4%
2003 47.9% 104.3% 45.6% 68.6%
2002 47.1% 107.9% 43.6% 65.1%
2001 47.5% 110.5% 44.4% 70%
2000 48.2% 108.9% 42.9% 64.4%
1999 48% 102.8% - 69.8%
1998 46.7% 100.8% - 66.4%
1997 45.1% 102.6% - 60.8%
1996 46.1% 103.7% - 51.5%
1995 46.6% 100.4% - 45.3%
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/malta | CC BY

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Malta spent $10.3B, or 37% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 46.8% in Malta, ranking 7/185 and 113/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Malta
1x
Year Deficit/surplus, % of GDP
Greece Malta
2025 1.26% -3.1%
2024 1.23% -3.51%
2023 -1.44% -4.43%
2022 -2.57% -5.33%
2021 -7.76% -6.96%
2020 -10.4% -8.71%
2019 -0.09% 0.72%
2018 0.78% 1.86%
2017 1.05% 3.4%
2016 0.28% 1.1%
2015 -3.03% -0.84%
2014 -4.29% -1.49%
2013 -4.06% -2.19%
2012 -6.94% -3.31%
2011 -10.5% -2.99%
2010 -11.4% -2.22%
2009 -15.4% -3.11%
2008 -10.3% -4.06%
2007 -6.81% -2.05%
2006 -6.04% -2.46%
2005 -6.33% -2.83%
2004 -9.05% -4.28%
2003 -8.05% -9.04%
2002 -6.2% -5.62%
2001 -5.64% -6.5%
2000 -4.21% -5.83%
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/malta | 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 Malta's deficit of $861M, or 3.1% of GDP.

Over the past 26 years, Greece recorded a fiscal deficit in 21 of those years, while Malta ran a deficit in 22 years. On average, Greece posted an annual deficit equal to 5.23% of GDP, compared to deficit of 3.22% of GDP for Malta.

Inflation comparison by year

Inflation
Greece

Malta
1x
Year Consumer prices inflation
Greece Malta
2025 2.48% 2.36%
2024 2.74% 1.65%
2023 3.46% 5.09%
2022 9.65% 6.15%
2021 1.22% 1.5%
2020 -1.25% 0.64%
2019 0.25% 1.64%
2018 0.63% 1.16%
2017 1.12% 1.36%
2016 -0.83% 0.64%
2015 -1.74% 1.1%
2014 -1.31% 0.31%
2013 -0.92% 1.18%
2012 1.5% 2.38%
2011 3.33% 2.96%
2010 4.71% 1.52%
2009 1.21% 2.08%
2008 4.15% 4.26%
2007 2.9% 1.25%
2006 3.2% 2.77%
2005 3.55% 3.01%
2004 2.9% 2.79%
2003 3.53% 1.3%
2002 3.63% 2.19%
2001 3.37% 2.93%
2000 3.15% 2.37%
1999 2.64% 2.13%
1998 4.77% 2.39%
1997 5.54% 3.11%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 2.22% in Malta. In 2025, inflation was 2.48% in Greece and 2.36% in Malta.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $244M
Business & finance services $153M
Transport & tourism services $118M
Chemicals & pharma $71.2M
Machinery & equipment $68.2M
Processed food, beverages & tobacco $34.4M
Miscellaneous $28.6M
Metals $27.4M
IT & IP services $22.8M
Textiles & consumer goods $19.8M
Malta
Export category Export value
Transport & tourism services $567M
Raw materials & minerals $140M
Business & finance services $34.2M
Chemicals & pharma $9.59M
Machinery & equipment $7.52M
IT & IP services $2.27M
Processed food, beverages & tobacco $2.03M
Manufacturing & construction services $1.78M
Textiles & consumer goods $1.78M
Government & miscellaneous services $866K

Balance of trade

Greece Malta
Current account balance
-$18.2B
2024
$1.78B
2024
Current account balance ranking
183/190
2024
45/190
2024
Current account balance, % of GDP
-7.11%
2024
+7.1%
2024
Goods imports
$91.2B
2024
$7.56B
2024
Goods exports
$52.6B
2024
$4.58B
2024
Service imports
$31.1B
2024
$17.4B
2024
Service exports
$55.8B
2024
$25B
2024
Imports of goods and services, % of GDP
44%
2025
99.9%
2025
Exports of goods and services, % of GDP
39.5%
2025
119.1%
2025

Economic freedom indices

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

Greece Malta
Economic freedom 63.2 68.2
Economic freedom ranking 82/197 49/197
Property rights 78 85.5
Government integrity 54.8 54.3
Judicial effectiveness 68 80.2
Tax burden 59.9 68.5
Government spending 24.7 58.4
Fiscal health 78.9 63.2
Business freedom 77.8 83.2
Labor freedom 59.7 62.6
Monetary freedom 72.6 73.1
Trade freedom 79.4 79.4
Investment freedom 55 60
Financial freedom 50 50

Economic freedom comparison by year

Greece
Malta
1x
Year Economic freedom index
Greece Malta
2026 63.2 68.2
2025 60.6 66.8
2024 55.1 64.5
2023 56.9 67.5
2022 61.5 71.5
2021 60.9 70.2
2020 59.9 69.5
2019 57.7 68.6
2018 57.3 68.5
2017 55 67.7
2016 53.2 66.7
2015 54 66.5
2014 55.7 66.4
2013 55.4 67.5
2012 55.4 67
2011 60.3 65.7
2010 62.7 67.2
2009 60.8 66.1
2008 60.6 66
2007 58.7 66.1
2006 60.1 67.3
2005 59 68.9
2004 59.1 63.3
2003 58.8 61.1
2002 59.1 62.2
2001 63.4 62.9
2000 61 58.3
1999 61 59.3
1998 60.6 61.2
1997 59.6 57.9
1996 60.5 55.8
1995 61.2 56.3

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 68.2 for Malta, ranking 49/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Malta
Services, % of GDP
67.4%
2025
81.3%
2025
Industry, % of GDP
15.2%
2025
10.1%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
0.47%
2025
GNI, Atlas method
$264B
2025
$24B
2025
GNI per capita, PPP
$44,310
2025
$64,900
2025
Total reserves including gold
$24B
2025
$1.54B
2025
Total reserves ranking
63/177
2025
134/177
2025
Net foreign direct investment
-$4.52B
2024
-$6.13B
2024
Net inflows of foreign direct investment
$6.74B
2024
$42.6B
2024
Net outflows of foreign direct investment
$2.22B
2024
$36.5B
2024
Poverty at national poverty lines
18.8%
2021
16.7%
2021
Gross capital formation, % of GDP
17.2%
2025
18.7%
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/malta | 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)
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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.