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Economy of Greece vs Nauru compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $163M for Nauru, ranking 53/197 and 195/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $28.3M (17.4% of GDP) in Nauru.

Greece vs Nauru GDP by year

Greece
Nauru
1x
Year GDP, current $
Greece Nauru
2024 $256,238,371,778 $162,588,621
2023 $242,946,187,738 $151,435,610
2022 $217,990,189,601 $152,373,434
2021 $218,303,801,895 $175,390,281
2020 $191,362,985,555 $124,685,688
2019 $207,305,649,887 $125,160,116
2018 $213,298,873,494 $130,995,566
2017 $200,381,103,984 $109,355,639
2016 $193,097,239,006 $97,541,943
2015 $194,567,373,678 $84,863,441
2014 $233,911,581,521 $99,149,244
2013 $236,556,279,641 $94,385,015
2012 $238,841,140,018 $101,055,723
2011 $283,228,079,776 $65,071,880
2010 $296,417,644,404 $47,562,845
2009 $326,829,054,686 $44,176,246
2008 $351,121,399,546 $37,602,265
2007 $314,226,996,944 $22,766,972
2006 $269,073,415,334 $29,200,359
2005 $242,315,668,619 $30,070,666
2004 $234,979,615,898 $30,587,566
2003 $196,930,509,813 $24,778,160
2002 $150,253,800,086 $21,017,424
2001 $132,050,474,720 $22,613,288
2000 $125,760,166,225 $26,930,980
1999 $137,131,371,955 $27,328,613
1998 $139,612,812,176 $29,664,451
1997 $138,766,067,640 $37,331,507
1996 $142,502,984,145 $37,458,801
1995 $134,974,613,914 $39,969,706
1994 $114,980,063,202 $39,742,511
1993 $107,295,704,518 $43,542,088
1992 $114,608,178,405 $51,133,123
1991 $103,680,863,713 $52,533,789
1990 $96,529,587,274 $55,572,376
1989 $78,067,933,277 $53,736,786
1988 $75,200,610,137 $45,931,134
1987 $64,739,630,096 $40,118,410
1986 $55,595,445,472 $39,939,391
1985 $47,155,741,426 $41,548,741
1984 $47,352,146,312 $47,363,231
1983 $48,741,397,059 $48,439,093
1982 $53,858,346,939 $52,877,742
1981 $51,618,456,335 $51,689,637
1980 $56,039,256,595 $46,947,124
1979 $53,724,121,435 $44,431,330
1978 $43,654,480,519 $41,754,147
1977 $35,673,080,481 $40,444,702
1976 $30,719,552,239 $40,287,427
1975 $28,129,128,587 $40,106,776
1974 $24,998,715,909 $35,994,511
1973 $22,037,019,563 $26,529,817
1972 $16,650,659,091 $21,734,269
1971 $14,388,806,818 $19,009,433
1970 $12,957,113,636 $17,570,366
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/nauru | CC BY

GDP per capita in Greece vs Nauru by year

Greece
GDP per capita

GDP per capita, PPP
Nauru
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Nauru
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $13,609 $14,173
2023 $23,344 $42,711 $12,752 $13,732
2022 $20,887 $39,612 $12,912 $13,245
2021 $20,655 $33,531 $14,979 $12,112
2020 $17,887 $29,533 $10,709 $10,811
2019 $19,335 $31,927 $10,802 $10,555
2018 $19,873 $29,792 $11,414 $9,657
2017 $18,632 $28,682 $9,657 $9,650
2016 $17,919 $27,505 $8,748 $10,281
2015 $17,981 $26,608 $7,747 $9,955
2014 $21,475 $26,450 $9,230 $9,726
2013 $21,573 $25,731 $8,975 $8,429
2012 $21,624 $24,583 $9,843 $8,153
2011 $25,505 $25,693 $6,444 $6,544
2010 $26,653 $27,839 $4,736 $5,620
2009 $29,425 $29,963 $4,411 $5,568
2008 $31,696 $30,441 $3,757 $5,863
2007 $28,441 $28,896 $2,272 $4,789
2006 $24,416 $28,076 $2,910 $5,975
2005 $22,054 $25,004 $2,992 $5,336
2004 $21,449 $24,826 $3,041 $5,169
2003 $18,021 $23,253 $2,463 $5,261
2002 $13,782 $21,985 $2,085 $5,132
2001 $12,157 $20,304 $2,232 $5,587
2000 $11,638 $18,820 $2,649 $5,838
1999 $12,743 $17,758 $2,683 $6,118
1998 $13,023 $17,434 $2,909 $6,450
1997 $13,016 $16,630 $3,661 $7,231
1996 $13,433 $15,778 $3,679 $7,818
1995 $12,779 $15,218 $3,932 $8,726
1994 $10,937 $14,667 $3,921 $9,308
1993 $10,257 $14,150 $4,310 $9,513
1992 $11,021 $14,130 $5,103 $11,167
1991 $10,047 $13,824 $5,333 $13,265
1990 $9,467 $13,126 $5,776 $16,215
1989 $7,738 - $5,723 -
1988 $7,492 - $5,012 -
1987 $6,474 - $4,485 -
1986 $5,578 - $4,569 -
1985 $4,747 - $4,859 -
1984 $4,785 - $5,654 -
1983 $4,950 - $5,896 -
1982 $5,502 - $6,577 -
1981 $5,305 - $6,594 -
1980 $5,812 - $6,138 -
1979 $5,627 - $5,950 -
1978 $4,629 - $5,721 -
1977 $3,832 - $5,646 -
1976 $3,343 - $5,703 -
1975 $3,109 - $5,740 -
1974 $2,789 - $5,199 -
1973 $2,468 - $3,864 -
1972 $1,873 - $3,191 -
1971 $1,629 - $2,811 -
1970 $1,474 - $2,619 -
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/nauru | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $13,609 in Nauru, ranking 74/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Nauru ranks 119th at $14,173.

Economic indicators

Greece Nauru
Gross domestic product
$256B
2024
$163M
2024
GDP rank
53/197
2024
195/197
2024
GDP growth
2.09%
2023-2024
1.39%
2023-2024
GDP per capita
$24,626
2024
$13,609
2024
GDP per capita rank
49/197
2024
74/197
2024
GDP per capita, PPP
$44,327
2024
$14,173
2024
GDP per capita PPP rank
52/197
2024
119/197
2024
Government debt
$397B
2024
$28.3M
2024
Debt-to-GDP ratio
154.8%
2024
17.4%
2024
Government debt per person
$38,119
2024
$2,367
2024
Government debt per person rank
16/185
2024
113/185
2024
Average annual personal income after taxes
$14,396
2026
$8,783
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
25.3%
2012
Income share by poorest 10%
2.7%
2023
3.4%
2012
Government expenditure, % of GDP
48%
2024
122.1%
2024
Consumer prices inflation
2.74%
2023-2024
9.3%
2023-2024
Unemployment rate
10%
2024
5.06%
2021
Population
10181414
12125

Spending and national debt comparison by year

Greece
Spending

Debt
Nauru
Spending

Debt
1x
Year % of GDP
Greece Nauru
Government spending Government debt Government spending Government debt
2024 48% 154.8% 122.1% 17.4%
2023 49.5% 165.2% 118.1% 20.5%
2022 52.8% 178.4% 134.8% 22.4%
2021 56.7% 197.8% 93% 20.5%
2020 59.3% 209.9% 109.4% 56.3%
2019 47.6% 183.7% 106% 59.6%
2018 48.6% 189.6% 90.8% 71.1%
2017 48.5% 182.6% 102.3% 78%
2016 50.3% 183.7% 96% 86.3%
2015 51.9% 180% 85.4% 113%
2014 51.5% 182.8% 61.3% 147.7%
2013 53% 180.5% 66% 166.9%
2012 54.9% 164.3% 46% 157.3%
2011 55.1% 175.1% 44.7% 236.8%
2010 53.1% 147.8% 73.8% 298.9%
2009 54.8% 128.5% 68% 295.6%
2008 51.5% 110.9% - -
2007 47.8% 104.6% - -
2006 45.9% 105.3% - -
2005 46.6% 109.9% - -
2004 48.8% 105.5% - -
2003 47.9% 104.3% - -
2002 47.1% 107.9% - -
2001 47.5% 110.5% - -
2000 48.2% 108.9% - -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Nauru spent $199M, or 122.1% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 17.4% in Nauru, ranking 7/185 and 176/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Nauru
1x
Year Deficit/surplus, % of GDP
Greece Nauru
2024 1.34% 29.8%
2023 -1.35% 19.4%
2022 -2.46% 24.3%
2021 -7.58% 44.5%
2020 -10.3% 42.8%
2019 -0.09% 31%
2018 0.78% 29.6%
2017 1.05% 16.2%
2016 0.28% 18.9%
2015 -3.03% 10.7%
2014 -4.29% 29.6%
2013 -4.06% 1.71%
2012 -6.94% 8.12%
2011 -10.5% 2.73%
2010 -11.4% 0.09%
2009 -15.4% 0.37%
2008 -10.3% -
2007 -6.81% -
2006 -6.04% -
2005 -6.33% -
2004 -9.05% -
2003 -8.05% -
2002 -6.2% -
2001 -5.64% -
2000 -4.21% -
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 2026-02-20); International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20).

GeoRank.org/economy/greece/nauru | 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 Nauru's surplus of $48.4M, or 29.8% of GDP.

Over the past 16 years, Greece recorded a fiscal deficit in 12 of those years, while Nauru ran a deficit in 0 years. On average, Greece posted an annual deficit equal to 4.63% of GDP, compared to surplus of 19.4% of GDP for Nauru.

Inflation comparison by year

Inflation
Greece

Nauru
1x
Year Consumer prices inflation
Greece Nauru
2024 2.74% 9.3%
2023 3.46% 4.8%
2022 9.65% 1.1%
2021 1.22% 2%
2020 -1.25% 0.9%
2019 0.25% 4.1%
2018 0.63% 1.1%
2017 1.12% 4.5%
2016 -0.83% 8.1%
2015 -1.74% 9.8%
2014 -1.31% 0.3%
2013 -0.92% -1.1%
2012 1.5% 0.3%
2011 3.33% -3.4%
2010 4.71% -2%
2009 1.21% 22.4%
2008 4.15% 1%
2007 2.9% 5.6%
2006 3.2% 19.3%
2005 3.55% 8.7%
2004 2.9% -
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 (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2005–2024, retrieved 2026-02-20).

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

Over the past 20 years, Greece has recorded an average annual inflation rate of 1.88%, compared with 4.84% in Nauru. In 2024, inflation was 2.74% in Greece and 9.3% in Nauru.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $259K
Textiles & consumer goods $9K
Machinery & equipment $7K
Wood & paper products $5K
Chemicals & pharma $3K
Miscellaneous $1K
Nauru
Export category Export value

Balance of trade

Greece Nauru
Current account balance
-$18.2B
2024
$9.73M
2024
Current account balance ranking
182/190
2024
75/190
2024
Current account balance, % of GDP
-7.11%
2024
+5.98%
2024
Goods imports
$91.2B
2024
$92.7M
2024
Goods exports
$52.6B
2024
$25.5M
2024
Service imports
$31.1B
2024
$88.2M
2024
Service exports
$55.8B
2024
$64.6M
2024
Imports of goods and services, % of GDP
47.7%
2024
110.5%
2024
Exports of goods and services, % of GDP
42.1%
2024
55.3%
2024

Economic freedom indices

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

Greece Nauru
Economic freedom 63.2 60
Economic freedom ranking 82/197 97/197
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 Nauru
Services, % of GDP
68%
2024
n/a
Industry, % of GDP
15%
2024
n/a
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
n/a
GNI, Atlas method
$236B
2024
$244M
2024
GNI per capita, PPP
$43,340
2024
$21,970
2024
Total reserves including gold
$15.2B
2024
n/a
Total reserves ranking
67/177
2024
n/a
Net foreign direct investment
-$4.52B
2024
$4.51M
2024
Net inflows of foreign direct investment
$6.74B
2024
-$5.85M
2024
Net outflows of foreign direct investment
$2.22B
2024
-$1.34M
2024
Poverty at national poverty lines
18.8%
2021
n/a
Gross capital formation, % of GDP
18.3%
2024
n/a

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/nauru | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  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.