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Economy of Greece vs Qatar compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $219B for Qatar, ranking 53/197 and 56/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $90.2B (41.2% of GDP) in Qatar.

Greece vs Qatar GDP by year

Greece
Qatar
1x
Year GDP, current $
Greece Qatar
2024 $256,238,371,778 $219,162,637,363
2023 $242,946,187,738 $217,308,516,484
2022 $217,990,189,601 $235,709,340,659
2021 $218,303,801,895 $179,732,142,857
2020 $191,362,985,555 $144,411,538,462
2019 $207,305,649,887 $176,371,428,571
2018 $213,298,873,494 $183,335,164,835
2017 $200,381,103,984 $161,099,175,824
2016 $193,097,239,006 $151,732,142,857
2015 $194,567,373,678 $161,739,835,165
2014 $233,911,581,521 $206,224,725,275
2013 $236,556,279,641 $198,727,747,253
2012 $238,841,140,018 $186,833,516,484
2011 $283,228,079,776 $167,775,274,725
2010 $296,417,644,404 $123,627,197,802
2009 $326,829,054,686 $97,798,351,648
2008 $351,121,399,546 $115,270,054,945
2007 $314,226,996,944 $79,712,087,912
2006 $269,073,415,334 $60,882,142,857
2005 $242,315,668,619 $44,530,494,505
2004 $234,979,615,898 $31,734,065,934
2003 $196,930,509,813 $23,533,791,209
2002 $150,253,800,086 $19,363,736,264
2001 $132,050,474,720 $17,538,461,538
2000 $125,760,166,225 $17,759,890,110
1999 $137,131,371,955 $12,393,131,868
1998 $139,612,812,176 $10,255,495,027
1997 $138,766,067,640 $11,297,802,115
1996 $142,502,984,145 $9,059,340,385
1995 $134,974,613,914 $8,137,911,978
1994 $114,980,063,202 $7,374,450,769
1993 $107,295,704,518 $7,156,593,654
1992 $114,608,178,405 $7,646,153,984
1991 $103,680,863,713 $6,883,516,484
1990 $96,529,587,274 $7,360,439,423
1989 $78,067,933,277 $6,487,912,088
1988 $75,200,610,137 $6,038,187,033
1987 $64,739,630,096 $5,446,428,681
1986 $55,595,445,472 $5,053,021,951
1985 $47,155,741,426 $6,153,296,456
1984 $47,352,146,312 $6,704,395,824
1983 $48,741,397,059 $6,467,582,308
1982 $53,858,346,939 $7,596,703,214
1981 $51,618,456,335 $8,661,263,764
1980 $56,039,256,595 $7,829,165,262
1979 $53,724,121,435 $5,632,962,997
1978 $43,654,480,519 $4,052,000,413
1977 $35,673,080,481 $3,617,564,638
1976 $30,719,552,239 $3,284,273,987
1975 $28,129,128,587 $2,512,773,166
1974 $24,998,715,909 $2,401,403,227
1973 $22,037,019,563 $793,885,560
1972 $16,650,659,091 $510,262,500
1971 $14,388,806,818 $387,703,106
1970 $12,957,113,636 $301,791,302
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/qatar | CC BY

GDP per capita in Greece vs Qatar by year

Greece
GDP per capita

GDP per capita, PPP
Qatar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Qatar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $76,689 $126,046
2023 $23,344 $42,711 $81,817 $129,368
2022 $20,887 $39,612 $88,701 $122,921
2021 $20,655 $33,531 $71,752 $116,833
2020 $17,887 $29,533 $51,684 $82,149
2019 $19,335 $31,927 $66,841 $107,503
2018 $19,873 $29,792 $71,040 $110,033
2017 $18,632 $28,682 $63,280 $99,358
2016 $17,919 $27,505 $61,254 $89,935
2015 $17,981 $26,608 $68,985 $102,546
2014 $21,475 $26,450 $95,841 $148,389
2013 $21,573 $25,731 $103,697 $169,203
2012 $21,624 $24,583 $108,470 $180,939
2011 $25,505 $25,693 $103,262 $174,620
2010 $26,653 $27,839 $76,463 $151,646
2009 $29,425 $29,963 $60,786 $125,898
2008 $31,696 $30,441 $80,781 $126,015
2007 $28,441 $28,896 $65,954 $124,056
2006 $24,416 $28,076 $62,582 $127,181
2005 $22,054 $25,004 $53,950 $115,250
2004 $21,449 $24,826 $41,036 $110,958
2003 $18,021 $23,253 $31,602 $94,120
2002 $13,782 $21,985 $27,227 $93,177
2001 $12,157 $20,304 $25,871 $89,805
2000 $11,638 $18,820 $27,535 $88,849
1999 $12,743 $17,758 $20,234 $84,690
1998 $13,023 $17,434 $17,665 $84,486
1997 $13,016 $16,630 $20,523 $79,219
1996 $13,433 $15,778 $17,125 $62,331
1995 $12,779 $15,218 $15,823 $60,321
1994 $10,937 $14,667 $14,765 $59,415
1993 $10,257 $14,150 $14,770 $59,125
1992 $11,021 $14,130 $16,280 $60,387
1991 $10,047 $13,824 $15,133 $54,759
1990 $9,467 $13,126 $16,722 $55,659
1989 $7,738 - $15,243 -
1988 $7,492 - $14,682 -
1987 $6,474 - $13,719 -
1986 $5,578 - $13,213 -
1985 $4,747 - $16,815 -
1984 $4,785 - $19,272 -
1983 $4,950 - $19,616 -
1982 $5,502 - $24,385 -
1981 $5,305 - $29,505 -
1980 $5,812 - $28,375 -
1979 $5,627 - $21,777 -
1978 $4,629 - $16,757 -
1977 $3,832 - $16,058 -
1976 $3,343 - $15,710 -
1975 $3,109 - $13,014 -
1974 $2,789 - $13,540 -
1973 $2,468 - $4,905 -
1972 $1,873 - $3,483 -
1971 $1,629 - $2,952 -
1970 $1,474 - $2,594 -
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/qatar | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $76,689 in Qatar, ranking 11/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Qatar ranks 5th at $126,046.

Economic indicators

Greece Qatar
Gross domestic product
$256B
2024
$219B
2024
GDP rank
53/197
2024
56/197
2024
GDP growth
2.09%
2023-2024
2.36%
2023-2024
GDP per capita
$24,626
2024
$76,689
2024
GDP per capita rank
49/197
2024
11/197
2024
GDP per capita, PPP
$44,327
2024
$126,046
2024
GDP per capita PPP rank
52/197
2024
5/197
2024
Government debt
$397B
2024
$90.2B
2024
Debt-to-GDP ratio
154.8%
2024
41.2%
2024
Government debt per person
$38,119
2024
$31,579
2024
Government debt per person rank
16/185
2024
23/185
2024
Average annual personal income after taxes
$14,396
2026
$35,660
2026
Market capitalization of domestic companies
$83.2B
2024
$170M
2024
Number of millionaires n/a
26,163
2025
Number of billionaires
16
2025
2
2025
Income share by richest 10%
26%
2023
25.8%
2017
Income share by poorest 10%
2.7%
2023
2.6%
2017
Government expenditure, % of GDP
48%
2024
26%
2024
Consumer prices inflation
2.74%
2023-2024
1.27%
2023-2024
Central bank interest rate n/a
4.1%
2025
Unemployment rate
10%
2024
0.13%
2022
Population
10181414
2999260

Spending and national debt comparison by year

Greece
Spending

Debt
Qatar
Spending

Debt
1x
Year % of GDP
Greece Qatar
Government spending Government debt Government spending Government debt
2024 48% 154.8% 26% 41.2%
2023 49.5% 165.2% 27.3% 43.7%
2022 52.8% 178.4% 24.3% 42.6%
2021 56.7% 197.8% 29.4% 58.4%
2020 59.3% 209.9% 34.7% 72.6%
2019 47.6% 183.7% 32.5% 62.1%
2018 48.6% 189.6% 28.9% 52.2%
2017 48.5% 182.6% 34.7% 51.6%
2016 50.3% 183.7% 40.1% 46.7%
2015 51.9% 180% 38.6% 35.5%
2014 51.5% 182.8% 32.3% 24.9%
2013 53% 180.5% 28.3% 30.9%
2012 54.9% 164.3% 31% 32.1%
2011 55.1% 175.1% 28.5% 33.5%
2010 53.1% 147.8% 32% 30.4%
2009 54.8% 128.5% 36.4% 36%
2008 51.5% 110.9% 23.5% 11.4%
2007 47.8% 104.6% 29.5% 9.37%
2006 45.9% 105.3% 29.5% 13.9%
2005 46.6% 109.9% 29% 19.1%
2004 48.8% 105.5% 29.9% 30.1%
2003 47.9% 104.3% 28.5% 38.8%
2002 47.1% 107.9% 31.6% 47.7%
2001 47.5% 110.5% 32.1% 59.2%
2000 48.2% 108.9% 29.8% 51.6%
1999 48% 102.8% 42.4% 81.8%
1998 46.7% 100.8% 55.1% 76.6%
1997 45.1% 102.6% 47.6% 54.4%
1996 46.1% 103.7% 55.2% 57.8%
1995 46.6% 100.4% 52.2% 50.2%
1994 36.9% 99.7% 59.8% 54.8%
1993 38.6% 101.7% 62.8% 46.3%
1992 36.9% 81.1% 54.2% 19.9%
1991 35.2% 75.7% 57.5% 21.8%
1990 38.5% 74.2% 50% 12.6%
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/qatar | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Qatar spent $56.9B, or 26% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 41.2% in Qatar, ranking 7/185 and 130/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Qatar
1x
Year Deficit/surplus, % of GDP
Greece Qatar
2024 1.34% 0.69%
2023 -1.35% 5.56%
2022 -2.46% 10.4%
2021 -7.58% 0.24%
2020 -10.3% -2.13%
2019 -0.09% 1%
2018 0.78% 2.26%
2017 1.05% -6.82%
2016 0.28% -9.2%
2015 -3.03% 18.4%
2014 -4.29% 13.4%
2013 -4.06% 19.3%
2012 -6.94% 8.55%
2011 -10.5% 5.24%
2010 -11.4% 4.6%
2009 -15.4% 14.1%
2008 -10.3% 9.49%
2007 -6.81% 10.3%
2006 -6.04% 8.39%
2005 -6.33% 9.8%
2004 -9.05% 17.7%
2003 -8.05% 6.71%
2002 -6.2% 7.89%
2001 -5.64% 4.48%
2000 -4.21% 4.62%
1999 -6.02% -4.35%
1998 -6.48% -7%
1997 -6.25% -9.4%
1996 -8.35% -8.73%
1995 -9.87% -5.78%
1994 -8.48% -11.8%
1993 -11.5% -9.53%
1992 -10.6% -2.74%
1991 -9.63% -2.57%
1990 -13.3% 3.23%
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/qatar | 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 Qatar's surplus of $1.52B, or 0.69% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 31 of those years, while Qatar ran a deficit in 12 years. On average, Greece posted an annual deficit equal to 6.49% of GDP, compared to surplus of 3.04% of GDP for Qatar.

Inflation comparison by year

Inflation
Greece

Qatar
1x
Year Consumer prices inflation
Greece Qatar
2024 2.74% 1.27%
2023 3.46% 3.03%
2022 9.65% 5%
2021 1.22% 2.3%
2020 -1.25% -2.54%
2019 0.25% -0.67%
2018 0.63% 0.26%
2017 1.12% 0.39%
2016 -0.83% 2.68%
2015 -1.74% 1.81%
2014 -1.31% 3.35%
2013 -0.92% 3.22%
2012 1.5% 2.32%
2011 3.33% 1.14%
2010 4.71% -2.43%
2009 1.21% -4.86%
2008 4.15% 15.1%
2007 2.9% 13.8%
2006 3.2% 11.8%
2005 3.55% 8.81%
2004 2.9% 6.8%
2003 3.53% 2.26%
2002 3.63% 0.24%
2001 3.37% 1.47%
2000 3.15% 1.65%
1999 2.64% 2.18%
1998 4.77% 2.95%
1997 5.54% 4.83%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 3.15% in Qatar. In 2024, inflation was 2.74% in Greece and 1.27% in Qatar.

Top exports between countries

Greece
Export category Export value
Miscellaneous $23.4M
Raw materials & minerals $17.4M
Machinery & equipment $14M
Processed food, beverages & tobacco $5.31M
Chemicals & pharma $4.24M
Textiles & consumer goods $2.69M
Precious metals & jewellery $1.97M
Animal & marine products $1.72M
Raw agricultural goods $1.62M
Metals $1.54M
Qatar
Export category Export value
Raw materials & minerals $143M
Chemicals & pharma $26.5M
Metals $11.8M
Machinery & equipment $499K
Wood & paper products $443K
Precious metals & jewellery $209K
Miscellaneous $42K
Processed food, beverages & tobacco $35K
Textiles & consumer goods $26K

Balance of trade

Greece Qatar
Current account balance
-$18.2B
2024
$37.9B
2024
Current account balance ranking
182/190
2024
16/190
2024
Current account balance, % of GDP
-7.11%
2024
+17.3%
2024
Goods imports
$91.2B
2024
$32.6B
2024
Goods exports
$52.6B
2024
$95B
2024
Service imports
$31.1B
2024
$37.1B
2024
Service exports
$55.8B
2024
$30.2B
2024
Imports of goods and services, % of GDP
47.7%
2024
31.6%
2022
Exports of goods and services, % of GDP
42.1%
2024
68.6%
2022

Economic freedom indices

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

Greece Qatar
Economic freedom 63.2 70.2
Economic freedom ranking 82/197 37/197
Property rights 78 66.2
Government integrity 54.8 53.5
Judicial effectiveness 68 41.5
Tax burden 59.9 99.9
Government spending 24.7 79.9
Fiscal health 78.9 96.6
Business freedom 77.8 68
Labor freedom 59.7 58.5
Monetary freedom 72.6 76
Trade freedom 79.4 81.8
Investment freedom 55 60
Financial freedom 50 60

Economic freedom comparison by year

Greece
Qatar
1x
Year Economic freedom index
Greece Qatar
2026 63.2 70.2
2025 60.6 70.2
2024 55.1 68.8
2023 56.9 68.6
2022 61.5 67.7
2021 60.9 72
2020 59.9 72.3
2019 57.7 72.6
2018 57.3 72.6
2017 55 73.1
2016 53.2 70.7
2015 54 70.8
2014 55.7 71.2
2013 55.4 71.3
2012 55.4 71.3
2011 60.3 70.5
2010 62.7 69
2009 60.8 65.8
2008 60.6 62.2
2007 58.7 62.9
2006 60.1 62.4
2005 59 63.5
2004 59.1 66.5
2003 58.8 65.9
2002 59.1 61.9
2001 63.4 60
2000 61 62
1999 61 62
1998 60.6 -
1997 59.6 -
1996 60.5 -
1995 61.2 -

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 70.2 for Qatar, ranking 37/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Qatar
Services, % of GDP
68%
2024
46.1%
2024
Industry, % of GDP
15%
2024
58.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
0.29%
2024
GNI, Atlas method
$236B
2024
$221B
2024
GNI per capita, PPP
$43,340
2024
$121,900
2024
Total reserves including gold
$15.2B
2024
$54B
2024
Total reserves ranking
67/177
2024
40/177
2024
Net foreign direct investment
-$4.52B
2024
$1.1B
2024
Net inflows of foreign direct investment
$6.74B
2024
$460M
2024
Net outflows of foreign direct investment
$2.22B
2024
$1.56B
2024
Poverty at national poverty lines
18.8%
2021
n/a
Gross capital formation, % of GDP
18.3%
2024
30.6%
2022

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/qatar | 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 (1880–1989, 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 (2021–2024, 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.