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Economy of Greece vs Poland compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $918B for Poland, ranking 53/197 and 21/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $507B (55.3% of GDP) in Poland.

Greece vs Poland GDP by year

Greece
Poland
1x
Year GDP, current $
Greece Poland
2024 $256,238,371,778 $917,767,106,147
2023 $242,946,187,738 $812,451,193,396
2022 $217,990,189,601 $695,607,470,875
2021 $218,303,801,895 $689,170,230,665
2020 $191,362,985,555 $605,914,237,904
2019 $207,305,649,887 $602,683,770,145
2018 $213,298,873,494 $594,616,687,350
2017 $200,381,103,984 $528,356,676,667
2016 $193,097,239,006 $473,259,583,970
2015 $194,567,373,678 $480,054,118,583
2014 $233,911,581,521 $542,134,167,179
2013 $236,556,279,641 $518,179,836,405
2012 $238,841,140,018 $498,148,649,703
2011 $283,228,079,776 $527,848,543,023
2010 $296,417,644,404 $478,111,630,684
2009 $326,829,054,686 $440,891,472,247
2008 $351,121,399,546 $535,612,030,672
2007 $314,226,996,944 $429,715,132,138
2006 $269,073,415,334 $345,897,630,736
2005 $242,315,668,619 $306,999,913,151
2004 $234,979,615,898 $256,268,656,145
2003 $196,930,509,813 $218,561,225,998
2002 $150,253,800,086 $199,694,463,256
2001 $132,050,474,720 $191,823,200,371
2000 $125,760,166,225 $172,953,527,033
1999 $137,131,371,955 $170,704,452,715
1998 $139,612,812,176 $175,282,269,667
1997 $138,766,067,640 $159,893,964,917
1996 $142,502,984,145 $160,813,026,223
1995 $134,974,613,914 $142,838,527,115
1994 $114,980,063,202 $110,803,635,288
1993 $107,295,704,518 $96,043,157,273
1992 $114,608,178,405 $94,337,050,693
1991 $103,680,863,713 $85,500,935,935
1990 $96,529,587,274 $65,977,748,211
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 (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Greece vs Poland by year

Greece
GDP per capita

GDP per capita, PPP
Poland
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Poland
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $25,104 $51,263
2023 $23,344 $42,711 $22,145 $48,473
2022 $20,887 $39,612 $18,891 $46,778
2021 $20,655 $33,531 $18,636 $41,060
2020 $17,887 $29,533 $16,151 $37,089
2019 $19,335 $31,927 $15,875 $35,882
2018 $19,873 $29,792 $15,658 $32,345
2017 $18,632 $28,682 $13,913 $30,170
2016 $17,919 $27,505 $12,464 $28,360
2015 $17,981 $26,608 $12,638 $26,988
2014 $21,475 $26,450 $14,262 $25,460
2013 $21,573 $25,731 $13,622 $24,434
2012 $21,624 $24,583 $13,087 $23,728
2011 $25,505 $25,693 $13,868 $22,809
2010 $26,653 $27,839 $12,568 $20,991
2009 $29,425 $29,963 $11,556 $19,300
2008 $31,696 $30,441 $14,049 $18,372
2007 $28,441 $28,896 $11,273 $16,833
2006 $24,416 $28,076 $9,069 $15,205
2005 $22,054 $25,004 $8,044 $13,936
2004 $21,449 $24,826 $6,712 $13,413
2003 $18,021 $23,253 $5,721 $12,329
2002 $13,782 $21,985 $5,223 $11,841
2001 $12,157 $20,304 $5,015 $11,175
2000 $11,638 $18,820 $4,521 $10,721
1999 $12,743 $17,758 $4,416 $10,081
1998 $13,023 $17,434 $4,534 $9,521
1997 $13,016 $16,630 $4,137 $8,967
1996 $13,433 $15,778 $4,164 $8,310
1995 $12,779 $15,218 $3,701 $7,715
1994 $10,937 $14,667 $2,875 $7,040
1993 $10,257 $14,150 $2,497 $6,560
1992 $11,021 $14,130 $2,459 $6,193
1991 $10,047 $13,824 $2,236 $5,925
1990 $9,467 $13,126 $1,731 $6,185
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 (1960–2024, retrieved 2026-04-06).

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

Greece's GDP per capita is $24,626, ranking 49/197, compared to $25,104 in Poland, ranking 48/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Poland ranks 43rd at $51,263.

Economic indicators

Greece Poland
Gross domestic product
$256B
2024
$918B
2024
GDP rank
53/197
2024
21/197
2024
GDP growth
2.09%
2023-2024
3.03%
2023-2024
GDP per capita
$24,626
2024
$25,104
2024
GDP per capita rank
49/197
2024
48/197
2024
GDP per capita, PPP
$44,327
2024
$51,263
2024
GDP per capita PPP rank
52/197
2024
43/197
2024
Government debt
$397B
2024
$507B
2024
Debt-to-GDP ratio
154.8%
2024
55.3%
2024
Government debt per person
$38,119
2024
$13,874
2024
Government debt per person rank
16/185
2024
41/185
2024
Average annual personal income after taxes
$14,396
2026
$20,736
2026
Market capitalization of domestic companies
$83.2B
2024
$197B
2024
Number of billionaires
16
2025
10
2025
Income share by richest 10%
26%
2023
22.9%
2023
Income share by poorest 10%
2.7%
2023
3.3%
2023
Government expenditure, % of GDP
48%
2024
49.4%
2024
Consumer prices inflation
2.74%
2023-2024
3.78%
2023-2024
Central bank interest rate n/a
4%
2025
Unemployment rate
10%
2024
2.81%
2024
Population
10181414
35806942

Spending and national debt comparison by year

Greece
Spending

Debt
Poland
Spending

Debt
1x
Year % of GDP
Greece Poland
Government spending Government debt Government spending Government debt
2024 48% 154.8% 49.4% 55.3%
2023 49.5% 165.2% 46.9% 49.5%
2022 52.8% 178.4% 43.2% 48.8%
2021 56.7% 197.8% 43.6% 53%
2020 59.3% 209.9% 47.7% 56.6%
2019 47.6% 183.7% 41.4% 45.2%
2018 48.6% 189.6% 41% 48.2%
2017 48.5% 182.6% 41.1% 50.4%
2016 50.3% 183.7% 41.1% 54.1%
2015 51.9% 180% 41.5% 51.1%
2014 51.5% 182.8% 42.7% 51.1%
2013 53% 180.5% 43.2% 56.9%
2012 54.9% 164.3% 43.2% 54.5%
2011 55.1% 175.1% 44.1% 54.8%
2010 53.1% 147.8% 46% 53.7%
2009 54.8% 128.5% 44.9% 49.7%
2008 51.5% 110.9% 44% 46.6%
2007 47.8% 104.6% 42.8% 44.4%
2006 45.9% 105.3% 44.3% 47.1%
2005 46.6% 109.9% 44.1% 46.5%
2004 48.8% 105.5% 43.3% 44.9%
2003 47.9% 104.3% 45.5% 46.4%
2002 47.1% 107.9% 45.1% 41.6%
2001 47.5% 110.5% 44.7% 37.2%
2000 48.2% 108.9% 43.1% 36.4%
1999 48% 102.8% 42.5% 39.4%
1998 46.7% 100.8% 44% 38.7%
1997 45.1% 102.6% 46.1% 42.7%
1996 46.1% 103.7% 50.7% 43.2%
1995 46.6% 100.4% 47.5% 48.7%
1994 36.9% 99.7% - 64.3%
1993 38.6% 101.7% - 83.9%
1992 36.9% 81.1% - 81.9%
1991 35.2% 75.7% - 76.9%
1990 38.5% 74.2% - 89.7%
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% 35.6% -
1978 30.1% 32.3% 35.8% -
1977 30.1% 24.5% 35.6% -
1976 29.1% 23.7% 34.8% -
1975 28.7% 24.1% 34.1% -
1974 25.3% 22.5% 28.6% -
1973 24.3% 22% 24.5% -
1972 26.8% 26.5% 24.1% -
1971 25.8% 25% 24.1% -
1970 25.2% 24.7% 25.8% -
1969 29.7% 25.8% 26.3% -
1968 26.3% 23% 27.3% -
1967 24.6% 21.1% 29.6% -
1966 22.8% 19% 31.7% -
1965 21.7% 16.5% 31.8% -
1964 20.4% 21.3% 33.5% -
1963 19.5% 22.6% 33.3% -
1962 19.7% 16.6% 43% -
1961 19.3% 14.4% 42.8% -
1960 20% 13.4% 39.2% -

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1994, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Poland spent $453B, or 49.4% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 55.3% in Poland, ranking 7/185 and 95/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Poland
1x
Year Deficit/surplus, % of GDP
Greece Poland
2024 1.34% -6.59%
2023 -1.35% -5.27%
2022 -2.46% -3.44%
2021 -7.58% -1.75%
2020 -10.3% -6.85%
2019 -0.09% -0.73%
2018 0.78% -0.24%
2017 1.05% -1.49%
2016 0.28% -2.38%
2015 -3.03% -2.59%
2014 -4.29% -3.66%
2013 -4.06% -4.25%
2012 -6.94% -3.8%
2011 -10.5% -4.97%
2010 -11.4% -7.43%
2009 -15.4% -7.24%
2008 -10.3% -3.6%
2007 -6.81% -1.88%
2006 -6.04% -3.53%
2005 -6.33% -3.93%
2004 -9.05% -4.99%
2003 -8.05% -6.02%
2002 -6.2% -4.8%
2001 -5.64% -4.73%
2000 -4.21% -4%
1999 -6.02% -2.3%
1998 -6.48% -4.25%
1997 -6.25% -4.61%
1996 -8.35% -4.84%
1995 -9.87% -4.39%
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/poland | 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 Poland's deficit of $60.4B, or 6.59% of GDP.

Over the past 30 years, Greece recorded a fiscal deficit in 26 of those years, while Poland ran a deficit in 30 years. On average, Greece posted an annual deficit equal to 5.79% of GDP, compared to deficit of 4.02% of GDP for Poland.

Inflation comparison by year

Inflation
Greece

Poland
1x
Year Consumer prices inflation
Greece Poland
2024 2.74% 3.78%
2023 3.46% 11.5%
2022 9.65% 14.4%
2021 1.22% 5.06%
2020 -1.25% 3.37%
2019 0.25% 2.23%
2018 0.63% 1.81%
2017 1.12% 2.08%
2016 -0.83% -0.66%
2015 -1.74% -0.87%
2014 -1.31% 0.05%
2013 -0.92% 0.99%
2012 1.5% 3.56%
2011 3.33% 4.24%
2010 4.71% 2.58%
2009 1.21% 3.8%
2008 4.15% 4.16%
2007 2.9% 2.46%
2006 3.2% 1.28%
2005 3.55% 2.18%
2004 2.9% 3.38%
2003 3.53% 0.68%
2002 3.63% 1.91%
2001 3.37% 5.41%
2000 3.15% 9.9%
1999 2.64% 7.15%
1998 4.77% 11.6%
1997 5.54% 14.9%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 4.39% in Poland. In 2024, inflation was 2.74% in Greece and 3.78% in Poland.

Top exports between countries

Greece
Export category Export value
Transport & tourism services $810M
Metals $270M
Raw agricultural goods $189M
Processed food, beverages & tobacco $188M
Chemicals & pharma $173M
Textiles & consumer goods $159M
Machinery & equipment $135M
Raw materials & minerals $57.3M
Wood & paper products $28.9M
Business & finance services $28.1M
Poland
Export category Export value
Machinery & equipment $612M
Textiles & consumer goods $310M
Processed food, beverages & tobacco $267M
Chemicals & pharma $242M
Animal & marine products $184M
Metals $124M
Raw materials & minerals $67.5M
Raw agricultural goods $65.8M
Wood & paper products $55.9M
Miscellaneous $41.1M

Balance of trade

Greece Poland
Current account balance
-$18.2B
2024
$2.8B
2024
Current account balance ranking
182/190
2024
40/190
2024
Current account balance, % of GDP
-7.11%
2024
+0.3%
2024
Goods imports
$91.2B
2024
$367B
2024
Goods exports
$52.6B
2024
$361B
2024
Service imports
$31.1B
2024
$74.9B
2024
Service exports
$55.8B
2024
$118B
2024
Imports of goods and services, % of GDP
47.7%
2024
48.2%
2024
Exports of goods and services, % of GDP
42.1%
2024
52.2%
2024

Economic freedom indices

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

Greece Poland
Economic freedom 63.2 68.5
Economic freedom ranking 82/197 46/197
Property rights 78 71.8
Government integrity 54.8 60.7
Judicial effectiveness 68 62.5
Tax burden 59.9 72.7
Government spending 24.7 35.1
Fiscal health 78.9 74.8
Business freedom 77.8 77.5
Labor freedom 59.7 53.7
Monetary freedom 72.6 73.8
Trade freedom 79.4 79.4
Investment freedom 55 80
Financial freedom 50 80

Economic freedom comparison by year

Greece
Poland
1x
Year Economic freedom index
Greece Poland
2026 63.2 68.5
2025 60.6 67.1
2024 55.1 66
2023 56.9 67.7
2022 61.5 68.7
2021 60.9 69.7
2020 59.9 69.1
2019 57.7 67.8
2018 57.3 68.5
2017 55 68.3
2016 53.2 69.3
2015 54 68.6
2014 55.7 67
2013 55.4 66
2012 55.4 64.2
2011 60.3 64.1
2010 62.7 63.2
2009 60.8 60.3
2008 60.6 60.3
2007 58.7 58.1
2006 60.1 59.3
2005 59 59.6
2004 59.1 58.7
2003 58.8 61.8
2002 59.1 65
2001 63.4 61.8
2000 61 60
1999 61 59.6
1998 60.6 59.2
1997 59.6 56.8
1996 60.5 57.8
1995 61.2 50.7

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 68.5 for Poland, ranking 46/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Poland
Services, % of GDP
68%
2024
59.1%
2024
Industry, % of GDP
15%
2024
27.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
2.54%
2024
GNI, Atlas method
$236B
2024
$789B
2024
GNI per capita, PPP
$43,340
2024
$49,540
2024
Total reserves including gold
$15.2B
2024
$223B
2024
Total reserves ranking
67/177
2024
17/177
2024
Net foreign direct investment
-$4.52B
2024
-$10.6B
2024
Net inflows of foreign direct investment
$6.74B
2024
$20.6B
2024
Net outflows of foreign direct investment
$2.22B
2024
$10B
2024
Poverty at national poverty lines
18.8%
2021
13.3%
2024
Gross capital formation, % of GDP
18.3%
2024
17.8%
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/poland | 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)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1994, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  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)

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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.