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Economy of Greece vs Marshall Islands compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $308M for the Marshall Islands, ranking 52/197 and 194/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $36.3M (11.8% of GDP) in the Marshall Islands.

Greece vs Marshall Islands GDP by year

Greece
Marshall Islands
1x
Year GDP, current $
Greece Marshall Islands
2025 $280,635,521,324 $308,000,000
2024 $256,238,371,778 $285,000,000
2023 $242,946,187,738 $264,000,000
2022 $217,990,189,601 $258,723,500
2021 $218,303,801,895 $261,245,500
2020 $191,362,985,555 $241,800,000
2019 $207,305,649,887 $232,900,000
2018 $213,298,873,494 $220,000,000
2017 $200,381,103,984 $213,700,000
2016 $193,097,239,006 $201,800,000
2015 $194,567,373,678 $183,700,000
2014 $233,911,581,521 $186,000,000
2013 $236,556,279,641 $186,400,000
2012 $238,841,140,018 $180,700,000
2011 $283,228,079,776 $172,300,000
2010 $296,417,644,404 $161,100,000
2009 $326,829,054,686 $151,200,000
2008 $351,121,399,546 $146,600,000
2007 $314,226,996,944 $150,500,000
2006 $269,073,415,334 $143,200,000
2005 $242,315,668,619 $138,000,000
2004 $234,979,615,898 $132,900,000
2003 $196,930,509,813 $131,128,500
2002 $150,253,800,086 $131,960,000
2001 $132,050,474,720 $122,406,100
2000 $125,760,166,225 $114,838,500
1999 $137,131,371,955 $113,352,100
1998 $139,612,812,176 $112,070,100
1997 $138,766,067,640 $109,884,700
1996 $142,502,984,145 $110,858,000
1995 $134,974,613,914 $120,230,000
1994 $114,980,063,202 $108,071,000
1993 $107,295,704,518 $99,461,000
1992 $114,608,178,405 $91,063,000
1991 $103,680,863,713 $82,507,000
1990 $96,529,587,274 $78,476,000
1989 $78,067,933,277 $72,798,000
1988 $75,200,610,137 $70,688,000
1987 $64,739,630,096 $62,983,000
1986 $55,595,445,472 $55,989,000
1985 $47,155,741,426 $43,879,000
1984 $47,352,146,312 $45,144,000
1983 $48,741,397,059 $41,749,000
1982 $53,858,346,939 $34,918,000
1981 $51,618,456,335 $31,020,000
1980 $56,039,256,595 $26,710,653
1979 $53,724,121,435 $25,545,346
1978 $43,654,480,519 $22,209,370
1977 $35,673,080,481 $20,210,069
1976 $30,719,552,239 $18,153,647
1975 $28,129,128,587 $16,691,301
1974 $24,998,715,909 $15,217,532
1973 $22,037,019,563 $11,607,366
1972 $16,650,659,091 $9,973,652
1971 $14,388,806,818 $9,116,810
1970 $12,957,113,636 $8,408,486
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/marshall-islands | CC BY

GDP per capita in Greece vs Marshall Islands by year

Greece
GDP per capita

GDP per capita, PPP
Marshall Islands
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Marshall Islands
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $8,489 -
2024 $24,626 $44,327 $7,590 $8,195
2023 $23,344 $42,711 $6,799 $7,549
2022 $20,885 $39,612 $6,456 $7,431
2021 $20,653 $33,531 $6,315 $6,768
2020 $17,887 $29,533 $5,662 $6,137
2019 $19,335 $31,927 $5,292 $6,045
2018 $19,873 $29,792 $4,858 $5,232
2017 $18,632 $28,682 $4,593 $4,719
2016 $17,919 $27,505 $4,230 $4,366
2015 $17,981 $26,608 $3,764 $4,125
2014 $21,475 $26,450 $3,735 $3,931
2013 $21,573 $25,731 $3,678 $3,845
2012 $21,624 $24,583 $3,514 $3,590
2011 $25,505 $25,693 $3,319 $3,537
2010 $26,653 $27,839 $3,095 $3,473
2009 $29,425 $29,963 $2,907 $3,253
2008 $31,696 $30,441 $2,818 $3,118
2007 $28,441 $28,896 $2,892 $3,309
2006 $24,416 $28,076 $2,754 $3,110
2005 $22,054 $25,004 $2,659 $3,017
2004 $21,449 $24,826 $2,566 $2,880
2003 $18,021 $23,253 $2,539 $2,824
2002 $13,782 $21,985 $2,566 $2,825
2001 $12,157 $20,304 $2,394 $2,700
2000 $11,638 $18,820 $2,265 $2,490
1999 $12,743 $17,758 $2,258 $2,400
1998 $13,023 $17,434 $2,254 $2,422
1997 $13,016 $16,630 $2,231 $2,434
1996 $13,433 $15,778 $2,273 $2,583
1995 $12,779 $15,218 $2,491 $2,858
1994 $10,937 $14,667 $2,265 $2,617
1993 $10,257 $14,150 $2,112 $2,452
1992 $11,021 $14,130 $1,963 $2,293
1991 $10,047 $13,824 $1,811 $2,131
1990 $9,467 $13,126 $1,758 $2,102
1989 $7,738 - $1,670 -
1988 $7,492 - $1,670 -
1987 $6,474 - $1,543 -
1986 $5,578 - $1,425 -
1985 $4,747 - $1,162 -
1984 $4,785 - $1,245 -
1983 $4,950 - $1,199 -
1982 $5,502 - $1,046 -
1981 $5,305 - $969 -
1980 $5,812 - $868 -
1979 $5,627 - $859 -
1978 $4,629 - $771 -
1977 $3,832 - $724 -
1976 $3,343 - $672 -
1975 $3,109 - $638 -
1974 $2,789 - $602 -
1973 $2,468 - $472 -
1972 $1,873 - $416 -
1971 $1,629 - $390 -
1970 $1,474 - $373 -
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/marshall-islands | CC BY

Greece's GDP per capita is $26,948, ranking 50/197, compared to $8,489 in the Marshall Islands, ranking 95/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while the Marshall Islands ranks 139th at $8,195.

Economic indicators

Greece Marshall Islands
Gross domestic product
$281B
2025
$308M
2025
GDP rank
52/197
2025
194/197
2025
GDP growth
2.07%
2024-2025
2.28%
2024-2025
GDP per capita
$26,948
2025
$8,489
2025
GDP per capita rank
50/197
2025
95/197
2025
GDP per capita, PPP
$44,327
2024
$8,195
2024
GDP per capita PPP rank
52/197
2024
139/197
2024
Government debt
$409B
2025
$36.3M
2025
Debt-to-GDP ratio
145.7%
2025
11.8%
2025
Government debt per person
$39,257
2025
$1,000
2025
Government debt per person rank
19/185
2025
144/185
2025
Average annual personal income after taxes
$14,117
2026
$5,308
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
27.5%
2019
Income share by poorest 10%
2.7%
2023
2.8%
2019
Government expenditure, % of GDP
49.7%
2025
65.3%
2025
Consumer prices inflation
2.48%
2024-2025
5.5%
2024-2025
Unemployment rate
8.84%
2025
9.82%
2021
Population
10371575
35039

Spending and national debt comparison by year

Greece
Spending

Debt
Marshall Islands
Spending

Debt
1x
Year % of GDP
Greece Marshall Islands
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 65.3% 11.8%
2024 48.2% 155.4% 70.9% 14.2%
2023 49.6% 165.5% 67.5% 18.2%
2022 53.1% 179.2% 65.8% 19.6%
2021 56.7% 197.8% 69.2% 19.9%
2020 59.3% 209.9% 67.8% 21.7%
2019 47.6% 183.7% 65.5% 25.1%
2018 48.6% 189.6% 60.5% 24.7%
2017 48.5% 182.6% 63.7% 26.5%
2016 50.3% 183.7% 56.8% 29.2%
2015 51.9% 180% 56.3% 33.9%
2014 51.5% 182.8% 49.2% 34.9%
2013 53% 180.5% 55% 33.4%
2012 54.9% 164.3% 53.2% 37.6%
2011 55.1% 175.1% 55.9% 35.9%
2010 53.1% 147.8% 59.2% 38.8%
2009 54.8% 128.5% 63.1% 41.2%
2008 51.5% 110.9% 64.3% 44.1%
2007 47.8% 104.6% 67.2% 42.2%
2006 45.9% 105.3% 61.2% 44.4%
2005 46.6% 109.9% 85.3% 45.8%
2004 48.8% 105.5% 54.5% 46.8%
2003 47.9% 104.3% 52.9% 43.7%
2002 47.1% 107.9% 55.2% 37.2%
2001 47.5% 110.5% 58.8% 32.7%
2000 48.2% 108.9% 56.5% 27.3%
1999 48% 102.8% 48.7% 26.1%
1998 46.7% 100.8% 50.5% 18.1%
1997 45.1% 102.6% 55% 8.73%
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/marshall-islands | CC BY

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while the Marshall Islands spent $201M, or 65.3% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 11.8% in the Marshall Islands, ranking 7/185 and 180/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Marshall Islands
1x
Year Deficit/surplus, % of GDP
Greece Marshall Islands
2025 1.26% 1.35%
2024 1.23% 2.62%
2023 -1.44% 1.01%
2022 -2.57% 0.51%
2021 -7.76% 0.18%
2020 -10.4% 2.54%
2019 -0.09% -1.8%
2018 0.78% 2.55%
2017 1.05% 4.38%
2016 0.28% 3.88%
2015 -3.03% 2.81%
2014 -4.29% 3.2%
2013 -4.06% -0.23%
2012 -6.94% -0.76%
2011 -10.5% 2.13%
2010 -11.4% 3.51%
2009 -15.4% 1.51%
2008 -10.3% 3.68%
2007 -6.81% 0.27%
2006 -6.04% 0.24%
2005 -6.33% -22.3%
2004 -9.05% -1.6%
2003 -8.05% 10.5%
2002 -6.2% 5.12%
2001 -5.64% 7.83%
2000 -4.21% 7.84%
1999 -6.02% 9.01%
1998 -6.48% 13.5%
1997 -6.25% 7.91%
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/marshall-islands | 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 the Marshall Islands' surplus of $4.17M, or 1.35% of GDP.

Over the past 29 years, Greece recorded a fiscal deficit in 24 of those years, while the Marshall Islands ran a deficit in 5 years. On average, Greece posted an annual deficit equal to 5.33% of GDP, compared to surplus of 2.46% of GDP for the Marshall Islands.

Inflation comparison by year

Inflation
Greece

Marshall Islands
1x
Year Consumer prices inflation
Greece Marshall Islands
2025 2.48% 5.5%
2024 2.74% 5.2%
2023 3.46% 7.4%
2022 9.65% 2.8%
2021 1.22% 2.2%
2020 -1.25% -0.7%
2019 0.25% -0.1%
2018 0.63% 0.8%
2017 1.12% 0.1%
2016 -0.83% -1.5%
2015 -1.74% -2.2%
2014 -1.31% 1.1%
2013 -0.92% 1.9%
2012 1.5% 4.3%
2011 3.33% 5.4%
2010 4.71% 1.8%
2009 1.21% 0.5%
2008 4.15% 14.7%
2007 2.9% 2.6%
2006 3.2% 5.3%
2005 3.55% 3.5%
2004 2.9% 2%
2003 3.53% -
2002 3.63% -
2001 3.37% -
2000 3.15% -
1999 2.64% -
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 (2004–2025, retrieved 2026-07-08).

GeoRank.org/economy/greece/marshall-islands | CC BY

Over the past 22 years, Greece has recorded an average annual inflation rate of 1.95%, compared with 2.85% in the Marshall Islands. In 2025, inflation was 2.48% in Greece and 5.5% in the Marshall Islands.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $111M
Machinery & equipment $42.7M
Chemicals & pharma $5.1M
Miscellaneous $4.66M
Textiles & consumer goods $2.39M
Metals $2.25M
Processed food, beverages & tobacco $587K
Wood & paper products $346K
Animal & marine products $109K
Raw agricultural goods $88K
Marshall Islands
Export category Export value
Machinery & equipment $15.9M
Metals $20K
Wood & paper products $16K
Textiles & consumer goods $3K
Chemicals & pharma $2K

Balance of trade

Greece Marshall Islands
Current account balance
-$18.2B
2024
$62.3M
2024
Current account balance ranking
183/190
2024
67/190
2024
Current account balance, % of GDP
-7.11%
2024
+21.9%
2024
Goods imports
$91.2B
2024
$173M
2024
Goods exports
$52.6B
2024
$101M
2024
Service imports
$31.1B
2024
$64.2M
2024
Service exports
$55.8B
2024
$21.1M
2024
Imports of goods and services, % of GDP
44%
2025
79.9%
2025
Exports of goods and services, % of GDP
39.5%
2025
36%
2025

Economic freedom indices

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

Greece Marshall Islands
Economic freedom 63.2 58
Economic freedom ranking 82/197 113/197
Property rights 78 n/a
Government integrity 54.8 n/a
Judicial effectiveness 68 n/a
Tax burden 59.9 n/a
Government spending 24.7 n/a
Fiscal health 78.9 n/a
Business freedom 77.8 n/a
Labor freedom 59.7 n/a
Monetary freedom 72.6 n/a
Trade freedom 79.4 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Greece Marshall Islands
Services, % of GDP
67.4%
2025
68.2%
2024
Industry, % of GDP
15.2%
2025
13.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
19.9%
2024
GNI, Atlas method
$264B
2025
$352M
2025
GNI per capita, PPP
$44,310
2025
$10,590
2025
Total reserves including gold
$24B
2025
n/a
Total reserves ranking
63/177
2025
n/a
Net foreign direct investment
-$4.52B
2024
-$13.4M
2024
Net inflows of foreign direct investment
$6.74B
2024
$13.4M
2024
Net outflows of foreign direct investment
$2.22B
2024
$0
2024
Poverty at national poverty lines
18.8%
2021
7.2%
2019
Gross capital formation, % of GDP
17.2%
2025
21.1%
2024

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/marshall-islands | 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. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  5. TradeMap (2025, retrieved 2026-07-08)
  6. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

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.