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Economy of Greece vs Oman compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $107B for Oman, ranking 53/197 and 70/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $38B (35.5% of GDP) in Oman.

Greece vs Oman GDP by year

Greece
Oman
1x
Year GDP, current $
Greece Oman
2024 $256,238,371,778 $107,137,198,769
2023 $242,946,187,738 $106,174,708,037
2022 $217,990,189,601 $109,852,795,839
2021 $218,303,801,895 $87,323,797,139
2020 $191,362,985,555 $75,909,492,848
2019 $207,305,649,887 $88,060,858,257
2018 $213,298,873,494 $91,505,851,756
2017 $200,381,103,984 $80,856,697,009
2016 $193,097,239,006 $75,128,738,622
2015 $194,567,373,678 $78,710,793,238
2014 $233,911,581,521 $92,699,089,727
2013 $236,556,279,641 $89,936,020,806
2012 $238,841,140,018 $87,408,842,653
2011 $283,228,079,776 $77,497,529,259
2010 $296,417,644,404 $64,993,498,049
2009 $326,829,054,686 $55,454,096,229
2008 $351,121,399,546 $69,804,681,404
2007 $314,226,996,944 $48,300,390,117
2006 $269,073,415,334 $42,577,633,290
2005 $242,315,668,619 $35,506,892,068
2004 $234,979,615,898 $28,378,933,680
2003 $196,930,509,813 $24,733,680,104
2002 $150,253,800,086 $23,065,539,662
2001 $132,050,474,720 $22,205,721,717
2000 $125,760,166,225 $22,259,557,867
1999 $137,131,371,955 $17,832,769,831
1998 $139,612,812,176 $16,044,213,264
1997 $138,766,067,640 $18,039,791,938
1996 $142,502,984,145 $17,402,080,624
1995 $134,974,613,914 $15,722,236,671
1994 $114,980,063,202 $14,715,214,564
1993 $107,295,704,518 $14,230,429,129
1992 $114,608,178,405 $14,183,615,085
1991 $103,680,863,713 $12,918,335,501
1990 $96,529,587,274 $13,310,273,082
1989 $78,067,933,277 $9,372,171,651
1988 $75,200,610,137 $8,386,215,865
1987 $64,739,630,096 $7,811,183,095
1986 $55,595,445,472 $7,324,167,369
1985 $47,155,741,426 $10,005,645,420
1984 $47,352,146,312 $8,821,443,151
1983 $48,741,397,059 $7,932,541,691
1982 $53,858,346,939 $7,554,719,456
1981 $51,618,456,335 $7,259,120,151
1980 $56,039,256,595 $5,981,760,278
1979 $53,724,121,435 $3,733,352,635
1978 $43,654,480,519 $2,740,301,390
1977 $35,673,080,481 $2,741,169,948
1976 $30,719,552,239 $2,560,220,035
1975 $28,129,128,587 $2,096,699,189
1974 $24,998,715,909 $1,645,917,776
1973 $22,037,019,563 $483,066,991
1972 $16,650,659,091 $366,883,548
1971 $14,388,806,818 $301,010,587
1970 $12,957,113,636 $256,319,795
1969 $11,454,106,327 $239,999,808
1968 $9,950,331,206 $188,879,849
1967 $9,146,592,856 $107,151,832
1966 $8,472,021,467 $67,759,973
1965 $7,582,209,670 $63,279,975
1964 $6,576,906,345 $61,872,526
1963 $5,813,285,627 $59,912,763
1962 $5,140,542,929 $56,273,202
1961 $4,892,397,431 $45,634,487
1960 $4,274,890,307 $44,234,656

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Greece vs Oman by year

Greece
GDP per capita

GDP per capita, PPP
Oman
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Oman
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $20,285 $41,740
2023 $23,344 $42,711 $21,028 $41,945
2022 $20,887 $39,612 $23,224 $42,616
2021 $20,655 $33,531 $19,403 $38,719
2020 $17,887 $29,533 $16,785 $35,163
2019 $19,335 $31,927 $19,180 $37,251
2018 $19,873 $29,792 $19,902 $37,780
2017 $18,632 $28,682 $17,820 $33,619
2016 $17,919 $27,505 $17,110 $33,334
2015 $17,981 $26,608 $18,808 $36,058
2014 $21,475 $26,450 $23,161 $44,236
2013 $21,573 $25,731 $23,458 $47,013
2012 $21,624 $24,583 $24,642 $49,989
2011 $25,505 $25,693 $25,188 $52,393
2010 $26,653 $27,839 $23,570 $55,667
2009 $29,425 $29,963 $20,656 $55,127
2008 $31,696 $30,441 $26,577 $52,841
2007 $28,441 $28,896 $18,793 $48,627
2006 $24,416 $28,076 $16,931 $46,091
2005 $22,054 $25,004 $14,435 $43,673
2004 $21,449 $24,826 $11,801 $42,142
2003 $18,021 $23,253 $10,464 $40,935
2002 $13,782 $21,985 $9,869 $41,511
2001 $12,157 $20,304 $9,612 $41,679
2000 $11,638 $18,820 $9,754 $39,443
1999 $12,743 $17,758 $7,915 $36,792
1998 $13,023 $17,434 $7,219 $36,666
1997 $13,016 $16,630 $8,235 $36,809
1996 $13,433 $15,778 $8,068 $34,661
1995 $12,779 $15,218 $7,414 $33,598
1994 $10,937 $14,667 $7,068 $31,925
1993 $10,257 $14,150 $7,039 $30,987
1992 $11,021 $14,130 $7,318 $29,773
1991 $10,047 $13,824 $6,977 $28,109
1990 $9,467 $13,126 $7,546 $26,904
1989 $7,738 - $5,591 -
1988 $7,492 - $5,279 -
1987 $6,474 - $5,204 -
1986 $5,578 - $5,182 -
1985 $4,747 - $7,549 -
1984 $4,785 - $7,070 -
1983 $4,950 - $6,714 -
1982 $5,502 - $6,759 -
1981 $5,305 - $6,866 -
1980 $5,812 - $5,974 -
1979 $5,627 - $3,934 -
1978 $4,629 - $3,044 -
1977 $3,832 - $3,205 -
1976 $3,343 - $3,143 -
1975 $3,109 - $2,692 -
1974 $2,789 - $2,203 -
1973 $2,468 - $670 -
1972 $1,873 - $524 -
1971 $1,629 - $442 -
1970 $1,474 - $387 -
1969 $1,306 - $372 -
1968 $1,138 - $300 -
1967 $1,053 - $174.7 -
1966 $984 - $113.2 -
1965 $887 - $108.1 -
1964 $773 - $108.1 -
1963 $686 - $106.8 -
1962 $608 - $102.3 -
1961 $583 - $84.5 -
1960 $513 - $83.4 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Greece's GDP per capita is $24,626, ranking 49/197, compared to $20,285 in Oman, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Oman ranks 55th at $41,740.

Economic indicators

Greece Oman
Gross domestic product
$256B
2024
$107B
2024
GDP rank
53/197
2024
70/197
2024
GDP growth
2.09%
2023-2024
1.63%
2023-2024
GDP per capita
$24,626
2024
$20,285
2024
GDP per capita rank
49/197
2024
57/197
2024
GDP per capita, PPP
$44,327
2024
$41,740
2024
GDP per capita PPP rank
52/197
2024
55/197
2024
Government debt
$397B
2024
$38B
2024
Debt-to-GDP ratio
154.8%
2024
35.5%
2024
Government debt per person
$38,119
2024
$7,204
2024
Government debt per person rank
16/185
2024
67/185
2024
Average annual personal income after taxes
$14,396
2026
$20,894
2026
Market capitalization of domestic companies
$83.2B
2024
$22.3B
2022
Number of billionaires
16
2025
2
2025
Income share by richest 10%
26%
2023
n/a
Income share by poorest 10%
2.7%
2023
n/a
Government expenditure, % of GDP
48%
2024
28.7%
2024
Consumer prices inflation
2.74%
2023-2024
0.6%
2023-2024
Central bank interest rate n/a
4.5%
2025
Unemployment rate
10%
2024
3.3%
2024
Population
10181414
5761708

Spending and national debt comparison by year

Greece
Spending

Debt
Oman
Spending

Debt
1x
Year % of GDP
Greece Oman
Government spending Government debt Government spending Government debt
2024 48% 154.8% 28.7% 35.5%
2023 49.5% 165.2% 27.5% 37.5%
2022 52.8% 178.4% 30.9% 41.7%
2021 56.7% 197.8% 36.5% 61.9%
2020 59.3% 209.9% 44.5% 67.9%
2019 47.6% 183.7% 38.8% 52.5%
2018 48.6% 189.6% 38.3% 44.7%
2017 48.5% 182.6% 39.4% 40.1%
2016 50.3% 183.7% 44.6% 29.3%
2015 51.9% 180% 44.5% 13.9%
2014 51.5% 182.8% 41.4% 4.04%
2013 53% 180.5% 39.3% 4.66%
2012 54.9% 164.3% 38.6% 4.59%
2011 55.1% 175.1% 34.5% 4.44%
2010 53.1% 147.8% 30.6% 5.46%
2009 54.8% 128.5% 33.4% 5.8%
2008 51.5% 110.9% 25.6% 3.2%
2007 47.8% 104.6% 30.7% 4.44%
2006 45.9% 105.3% 30.1% 7.56%
2005 46.6% 109.9% 30.6% 8.39%
2004 48.8% 105.5% 34.1% 14.5%
2003 47.9% 104.3% 34% 13%
2002 47.1% 107.9% 34.1% 15.9%
2001 47.5% 110.5% 33.3% 22.5%
2000 48.2% 108.9% 31.2% 21.7%
1999 48% 102.8% 34.2% 28.9%
1998 46.7% 100.8% 36.1% 30.9%
1997 45.1% 102.6% 32.1% 20.8%
1996 46.1% 103.7% 33.5% 21.2%
1995 46.6% 100.4% 38.2% 21.9%
1994 36.9% 99.7% 39.7% 23.6%
1993 38.6% 101.7% 40.1% 22.2%
1992 36.9% 81.1% 40.1% 23.1%
1991 35.2% 75.7% 37.4% 22.6%
1990 38.5% 74.2% 36.5% 17.8%
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/oman | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Oman spent $30.7B, or 28.7% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 35.5% in Oman, ranking 7/185 and 145/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Oman
1x
Year Deficit/surplus, % of GDP
Greece Oman
2024 1.34% 3.31%
2023 -1.35% 6.87%
2022 -2.46% 10.5%
2021 -7.58% -3.17%
2020 -10.3% -15.7%
2019 -0.09% -4.83%
2018 0.78% -6.72%
2017 1.05% -10.5%
2016 0.28% -19.6%
2015 -3.03% -13.5%
2014 -4.29% -1.58%
2013 -4.06% 2.78%
2012 -6.94% 4.07%
2011 -10.5% 8.24%
2010 -11.4% 4.95%
2009 -15.4% -0.27%
2008 -10.3% 14.7%
2007 -6.81% 10.5%
2006 -6.04% 12.2%
2005 -6.33% 11.2%
2004 -9.05% 5.43%
2003 -8.05% 5.92%
2002 -6.2% 5.31%
2001 -5.64% 7.55%
2000 -4.21% 12.2%
1999 -6.02% 0.3%
1998 -6.48% -4.37%
1997 -6.25% 4.77%
1996 -8.35% 2.22%
1995 -9.87% -3.9%
1994 -8.48% -7.47%
1993 -11.5% -6.84%
1992 -10.6% -4.85%
1991 -9.63% 0.12%
1990 -13.3% 4.78%
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/oman | 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 Oman's surplus of $3.54B, or 3.31% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 31 of those years, while Oman ran a deficit in 14 years. On average, Greece posted an annual deficit equal to 6.49% of GDP, compared to surplus of 0.99% of GDP for Oman.

Inflation comparison by year

Inflation
Greece

Oman
1x
Year Consumer prices inflation
Greece Oman
2024 2.74% 0.6%
2023 3.46% 1%
2022 9.65% 2.5%
2021 1.22% 1.7%
2020 -1.25% -0.4%
2019 0.25% 0.5%
2018 0.63% 0.7%
2017 1.12% 1.5%
2016 -0.83% 0.9%
2015 -1.74% 0.1%
2014 -1.31% 1.2%
2013 -0.92% 1.3%
2012 1.5% 2.9%
2011 3.33% 4.1%
2010 4.71% 3.3%
2009 1.21% 3.5%
2008 4.15% 12.6%
2007 2.9% 5.9%
2006 3.2% 3.2%
2005 3.55% 1.9%
2004 2.9% 0.8%
2003 3.53% 0.2%
2002 3.63% -0.3%
2001 3.37% -0.8%
2000 3.15% -1.2%
1999 2.64% 0.5%
1998 4.77% 0.4%
1997 5.54% -0.4%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2024, retrieved 2026-02-20); World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 1.72% in Oman. In 2024, inflation was 2.74% in Greece and 0.6% in Oman.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $11.7M
Chemicals & pharma $2.47M
Processed food, beverages & tobacco $2.13M
Animal & marine products $2.07M
Wood & paper products $948K
Textiles & consumer goods $728K
Metals $498K
Raw agricultural goods $369K
Raw materials & minerals $309K
Miscellaneous $68K
Oman
Export category Export value
Metals $15.5M
Chemicals & pharma $11.3M
Raw materials & minerals $2.3M
Processed food, beverages & tobacco $2.28M
Animal & marine products $584K
Textiles & consumer goods $115K
Machinery & equipment $59K
Miscellaneous $20K
Raw agricultural goods $7K
Wood & paper products $1K

Balance of trade

Greece Oman
Current account balance
-$18.2B
2024
$3.07B
2024
Current account balance ranking
182/190
2024
39/190
2024
Current account balance, % of GDP
-7.11%
2024
+2.86%
2024
Goods imports
$91.2B
2024
$39.5B
2024
Goods exports
$52.6B
2024
$65.2B
2024
Service imports
$31.1B
2024
$12.8B
2024
Service exports
$55.8B
2024
$5.64B
2024
Imports of goods and services, % of GDP
47.7%
2024
48.8%
2024
Exports of goods and services, % of GDP
42.1%
2024
66.1%
2024

Economic freedom indices

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

Greece Oman
Economic freedom 63.2 68.5
Economic freedom ranking 82/197 45/197
Property rights 78 71.8
Government integrity 54.8 49.4
Judicial effectiveness 68 28
Tax burden 59.9 97.6
Government spending 24.7 74.7
Fiscal health 78.9 97.5
Business freedom 77.8 67.8
Labor freedom 59.7 47.7
Monetary freedom 72.6 79.2
Trade freedom 79.4 78.4
Investment freedom 55 70
Financial freedom 50 60

Economic freedom comparison by year

Greece
Oman
1x
Year Economic freedom index
Greece Oman
2026 63.2 68.5
2025 60.6 65.4
2024 55.1 62.9
2023 56.9 58.5
2022 61.5 56.6
2021 60.9 64.6
2020 59.9 63.6
2019 57.7 61
2018 57.3 61
2017 55 62.1
2016 53.2 67.1
2015 54 66.7
2014 55.7 67.4
2013 55.4 68.1
2012 55.4 67.9
2011 60.3 69.8
2010 62.7 67.7
2009 60.8 67
2008 60.6 67.3
2007 58.7 65.8
2006 60.1 63.7
2005 59 66.5
2004 59.1 66.9
2003 58.8 64.6
2002 59.1 64
2001 63.4 67.7
2000 61 64.1
1999 61 64.9
1998 60.6 64.9
1997 59.6 64.5
1996 60.5 65.4
1995 61.2 70.2

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 68.5 for Oman, ranking 45/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Oman
Services, % of GDP
68%
2024
46%
2024
Industry, % of GDP
15%
2024
54.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
2.6%
2024
GNI, Atlas method
$236B
2024
$103B
2024
GNI per capita, PPP
$43,340
2024
$39,340
2024
Total reserves including gold
$15.2B
2024
$18.3B
2024
Total reserves ranking
67/177
2024
64/177
2024
Net foreign direct investment
-$4.52B
2024
-$12.6B
2024
Net inflows of foreign direct investment
$6.74B
2024
$12.5B
2024
Net outflows of foreign direct investment
$2.22B
2024
-$143M
2024
Poverty at national poverty lines
18.8%
2021
n/a
Gross capital formation, % of GDP
18.3%
2024
24.8%
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/oman | 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)
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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.