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Economy of Greece vs Romania compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $429B for Romania, ranking 52/197 and 39/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $260B (60.6% of GDP) in Romania.

Greece vs Romania GDP by year

Greece
Romania
1x
Year GDP, current $
Greece Romania
2025 $280,635,521,324 $428,677,977,855
2024 $256,238,371,778 $382,564,217,989
2023 $242,946,187,738 $347,757,995,759
2022 $217,990,189,601 $295,317,862,856
2021 $218,303,801,895 $285,072,444,957
2020 $191,362,985,555 $250,624,575,872
2019 $207,305,649,887 $250,080,428,512
2018 $213,298,873,494 $241,791,427,224
2017 $200,381,103,984 $210,147,385,855
2016 $193,097,239,006 $185,290,759,249
2015 $194,567,373,678 $177,885,131,240
2014 $233,911,581,521 $199,722,319,676
2013 $236,556,279,641 $189,798,603,751
2012 $238,841,140,018 $179,117,323,107
2011 $283,228,079,776 $192,623,977,894
2010 $296,417,644,404 $170,064,350,672
2009 $326,829,054,686 $174,110,532,659
2008 $351,121,399,546 $214,315,932,061
2007 $314,226,996,944 $174,588,782,939
2006 $269,073,415,334 $122,023,735,993
2005 $242,315,668,619 $98,454,380,120
2004 $234,979,615,898 $74,973,656,852
2003 $196,930,509,813 $57,806,384,143
2002 $150,253,800,086 $46,065,502,703
2001 $132,050,474,720 $40,395,116,581
2000 $125,760,166,225 $37,253,739,511
1999 $137,131,371,955 $35,953,156,754
1998 $139,612,812,176 $41,696,091,974
1997 $138,766,067,640 $35,575,214,078
1996 $142,502,984,145 $36,937,074,278
1995 $134,974,613,914 $37,430,162,103
1994 $114,980,063,202 $30,072,805,104
1993 $107,295,704,518 $26,361,160,450
1992 $114,608,178,405 $25,121,666,667
1991 $103,680,863,713 $28,850,634,900
1990 $96,529,587,274 $38,247,882,300
1989 $78,067,933,277 $41,450,777,202
1988 $75,200,610,137 $40,424,528,302
1987 $64,739,630,096 $38,067,567,568
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Greece vs Romania by year

Greece
GDP per capita

GDP per capita, PPP
Romania
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Romania
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $22,538 -
2024 $24,626 $44,327 $20,080 $49,077
2023 $23,344 $42,711 $18,244 $45,982
2022 $20,885 $39,612 $15,503 $41,979
2021 $20,653 $33,531 $14,908 $37,534
2020 $17,887 $29,533 $13,009 $34,194
2019 $19,335 $31,927 $12,910 $33,425
2018 $19,873 $29,792 $12,416 $29,383
2017 $18,632 $28,682 $10,728 $26,943
2016 $17,919 $27,505 $9,405 $23,905
2015 $17,981 $26,608 $8,977 $21,625
2014 $21,475 $26,450 $10,032 $20,633
2013 $21,573 $25,731 $9,498 $19,678
2012 $21,624 $24,583 $8,930 $19,808
2011 $25,505 $25,693 $9,561 $18,804
2010 $26,653 $27,839 $8,400 $17,355
2009 $29,425 $29,963 $8,548 $16,641
2008 $31,696 $30,441 $10,435 $16,782
2007 $28,441 $28,896 $8,360 $13,703
2006 $24,416 $28,076 $5,758 $11,554
2005 $22,054 $25,004 $4,618 $9,602
2004 $21,449 $24,826 $3,495 $8,989
2003 $18,021 $23,253 $2,679 $7,559
2002 $13,782 $21,985 $2,120 $7,162
2001 $12,157 $20,304 $1,825 $6,520
2000 $11,638 $18,820 $1,660 $5,850
1999 $12,743 $17,758 $1,600 $5,596
1998 $13,023 $17,434 $1,853 $5,545
1997 $13,016 $16,630 $1,577 $5,564
1996 $13,433 $15,778 $1,633 $5,746
1995 $12,779 $15,218 $1,650 $5,429
1994 $10,937 $14,667 $1,323 $4,995
1993 $10,257 $14,150 $1,158 $4,699
1992 $11,021 $14,130 $1,102 $4,515
1991 $10,047 $13,824 $1,254 $4,795
1990 $9,467 $13,126 $1,648 $5,280
1989 $7,738 - $1,790 -
1988 $7,492 - $1,753 -
1987 $6,474 - $1,659 -
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 (1960–2025, retrieved 2026-07-08).

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

Greece's GDP per capita is $26,948, ranking 50/197, compared to $22,538 in Romania, ranking 57/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Romania ranks 47th at $49,077.

Economic indicators

Greece Romania
Gross domestic product
$281B
2025
$429B
2025
GDP rank
52/197
2025
39/197
2025
GDP growth
2.07%
2024-2025
0.68%
2024-2025
GDP per capita
$26,948
2025
$22,538
2025
GDP per capita rank
50/197
2025
57/197
2025
GDP per capita, PPP
$44,327
2024
$49,077
2024
GDP per capita PPP rank
52/197
2024
47/197
2024
Government debt
$409B
2025
$260B
2025
Debt-to-GDP ratio
145.7%
2025
60.6%
2025
Government debt per person
$39,257
2025
$13,650
2025
Government debt per person rank
19/185
2025
48/185
2025
Average annual personal income after taxes
$14,117
2026
$13,510
2026
Market capitalization of domestic companies
$129B
2025
$70.9B
2025
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
6
2026
Income share by richest 10%
26%
2023
21.8%
2023
Income share by poorest 10%
2.7%
2023
2.4%
2023
Government expenditure, % of GDP
49.7%
2025
40.5%
2025
Consumer prices inflation
2.48%
2024-2025
7.3%
2024-2025
Central bank interest rate n/a
6.5%
2024
Unemployment rate
8.84%
2025
6.1%
2025
Population
10371575
18912567

Spending and national debt comparison by year

Greece
Spending

Debt
Romania
Spending

Debt
1x
Year % of GDP
Greece Romania
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 40.5% 60.6%
2024 48.2% 155.4% 40% 57.5%
2023 49.6% 165.5% 37% 52.6%
2022 53.1% 179.2% 37.5% 51.9%
2021 56.7% 197.8% 37.2% 51.8%
2020 59.3% 209.9% 38.3% 49.5%
2019 47.6% 183.7% 33.4% 36.8%
2018 48.6% 189.6% 31.9% 36.4%
2017 48.5% 182.6% 31% 37.1%
2016 50.3% 183.7% 31.8% 39.5%
2015 51.9% 180% 34.2% 39.4%
2014 51.5% 182.8% 33.8% 40.5%
2013 53% 180.5% 34.2% 39.3%
2012 54.9% 164.3% 33.5% 36.2%
2011 55.1% 175.1% 35% 32.6%
2010 53.1% 147.8% 37.4% 30.2%
2009 54.8% 128.5% 36.3% 22.5%
2008 51.5% 110.9% 35.3% 13%
2007 47.8% 104.6% 34.6% 12.4%
2006 45.9% 105.3% 33.9% 12.7%
2005 46.6% 109.9% 32.3% 17.8%
2004 48.8% 105.5% 33.7% 21.3%
2003 47.9% 104.3% 31.8% 24.9%
2002 47.1% 107.9% 32.1% 27.4%
2001 47.5% 110.5% 33.2% 27.4%
2000 48.2% 108.9% 35% 29.6%
1999 48% 102.8% 35.1% 21.7%
1998 46.7% 100.8% 34.7% 16.5%
1997 45.1% 102.6% 33.5% 15%
1996 46.1% 103.7% 33.5% 11%
1995 46.6% 100.4% 34.4% 6.91%
1994 36.9% 99.7% 33.1% -
1993 38.6% 101.7% 33.5% -
1992 36.9% 81.1% 41.5% -
1991 35.2% 75.7% 38.3% -
1990 38.5% 74.2% 38.4% -
1989 34.8% 60.7% 40.1% -
1988 33.8% 57.9% 36.6% -
1987 34% 53.2% 40.7% -
1986 33.8% 47.8% 42.5% -
1985 34.2% 47.3% 41.6% -
1984 32% 40.6% 28.6% -
1983 30.2% 34.1% 25.8% -
1982 28.7% 29.7% 28.5% -
1981 28.1% 27.1% 30.4% -
1980 24.5% 22.8% 33.6% -
1979 24.1% 22.7% 42% -
1978 30.1% 32.3% 42.1% -
1977 30.1% 24.5% 39.9% -
1976 29.1% 23.7% 37.5% -
1975 28.7% 24.1% 40.6% -
1974 25.3% 22.5% 37.6% -
1973 24.3% 22% 32.6% -
1972 26.8% 26.5% 29.9% -
1971 25.8% 25% 27.2% -
1970 25.2% 24.7% 28.1% -
1969 29.7% 25.8% 32.1% -
1968 26.3% 23% 31.8% -
1967 24.6% 21.1% 30.6% -
1966 22.8% 19% 27.3% -
1965 21.7% 16.5% 25.6% -
1964 20.4% 21.3% 25.1% -
1963 19.5% 22.6% 23.1% -
1962 19.7% 16.6% 43.4% -
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 (1960–1999, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Romania spent $173B, or 40.5% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 60.6% in Romania, ranking 7/185 and 76/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Romania
1x
Year Deficit/surplus, % of GDP
Greece Romania
2025 1.26% -7.64%
2024 1.23% -8.68%
2023 -1.44% -5.66%
2022 -2.57% -5.85%
2021 -7.76% -6.74%
2020 -10.4% -9.6%
2019 -0.09% -4.58%
2018 0.78% -2.76%
2017 1.05% -2.86%
2016 0.28% -2.5%
2015 -3.03% -1.35%
2014 -4.29% -1.76%
2013 -4.06% -2.44%
2012 -6.94% -2.39%
2011 -10.5% -4.14%
2010 -11.4% -6.22%
2009 -15.4% -6.86%
2008 -10.3% -4.6%
2007 -6.81% -3.05%
2006 -6.04% -1.36%
2005 -6.33% -0.69%
2004 -9.05% -3.39%
2003 -8.05% -2.29%
2002 -6.2% -2.59%
2001 -5.64% -3.2%
2000 -4.21% -3.99%
1999 -6.02% -3.58%
1998 -6.48% -5.33%
1997 -6.25% -5.19%
1996 -8.35% -4.74%
1995 -9.87% -3.32%
1994 -8.48% -2.2%
1993 -11.5% -0.35%
1992 -10.6% -4.55%
1991 -9.63% 3.23%
1990 -13.3% 1.03%
1989 -11.9% -2.87%
1988 -9.63% 8.4%
1987 -8.09% 2.37%
1986 -8.62% 5.72%
1985 -9.56% 6.36%
1984 -7.19% 15.2%
1983 -6.17% 9.35%
1982 -5.49% 0.36%
1981 -7.08% 0.61%
1980 -2.5% -1.95%
1979 -2.34% 0%
1978 -5.39% 0%
1977 -5.21% 0.23%
1976 -5.05% 0.66%
1975 -5.3% 0.41%
1974 -4.39% 0.51%
1973 -3.71% 1.53%
1972 -4.16% 1.21%
1971 -3.32% 0.89%
1970 -3.24% 0.52%
1969 -6.65% 0.93%
1968 -3.39% 1.65%
1967 -2.59% 1.23%
1966 -2.17% 0.91%
1965 -2.55% -1.29%
1964 -2.89% -3.11%
1963 -2.25% -1.61%
1962 -2.4% -4.86%
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/romania | 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 Romania's deficit of $32.8B, or 7.64% of GDP.

Over the past 39 years, Greece recorded a fiscal deficit in 34 of those years, while Romania ran a deficit in 35 years. On average, Greece posted an annual deficit equal to 6.56% of GDP, compared to deficit of 3.19% of GDP for Romania.

Inflation comparison by year

Inflation
Greece

Romania
1x
Year Consumer prices inflation
Greece Romania
2025 2.48% 7.3%
2024 2.74% 5.6%
2023 3.46% 10.4%
2022 9.65% 13.8%
2021 1.22% 5%
2020 -1.25% 2.6%
2019 0.25% 3.8%
2018 0.63% 4.6%
2017 1.12% 1.3%
2016 -0.83% -1.6%
2015 -1.74% -0.6%
2014 -1.31% 1.1%
2013 -0.92% 4%
2012 1.5% 3.3%
2011 3.33% 5.8%
2010 4.71% 6.1%
2009 1.21% 5.6%
2008 4.15% 7.8%
2007 2.9% 4.8%
2006 3.2% 6.6%
2005 3.55% 9%
2004 2.9% 11.9%
2003 3.53% 15.4%
2002 3.63% 22.5%
2001 3.37% 34.5%
2000 3.15% 45.7%
1999 2.64% 45.8%
1998 4.77% 59.1%
1997 5.54% 154.8%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 17.1% in Romania. In 2025, inflation was 2.48% in Greece and 7.3% in Romania.

Top exports between countries

Greece
Export category Export value
Transport & tourism services $644M
Metals $524M
Raw agricultural goods $369M
Textiles & consumer goods $341M
Machinery & equipment $316M
Chemicals & pharma $277M
Raw materials & minerals $245M
Processed food, beverages & tobacco $156M
Business & finance services $105M
Animal & marine products $83.6M
Romania
Export category Export value
Machinery & equipment $390M
Textiles & consumer goods $250M
Chemicals & pharma $193M
Processed food, beverages & tobacco $166M
Animal & marine products $161M
Wood & paper products $140M
Transport & tourism services $117M
Metals $109M
Raw agricultural goods $89.8M
Business & finance services $59.5M

Balance of trade

Greece Romania
Current account balance
-$18.2B
2024
-$33.9B
2025
Current account balance ranking
183/190
2024
186/190
2025
Current account balance, % of GDP
-7.11%
2024
-7.9%
2025
Goods imports
$91.2B
2024
$139B
2025
Goods exports
$52.6B
2024
$102B
2025
Service imports
$31.1B
2024
$35.9B
2025
Service exports
$55.8B
2024
$50.1B
2025
Imports of goods and services, % of GDP
44%
2025
40.7%
2025
Exports of goods and services, % of GDP
39.5%
2025
35.5%
2025

Economic freedom indices

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

Greece Romania
Economic freedom 63.2 65.4
Economic freedom ranking 82/197 64/197
Property rights 78 81
Government integrity 54.8 50
Judicial effectiveness 68 67
Tax burden 59.9 89.1
Government spending 24.7 56.7
Fiscal health 78.9 21.4
Business freedom 77.8 74.4
Labor freedom 59.7 63.6
Monetary freedom 72.6 72.7
Trade freedom 79.4 79.4
Investment freedom 55 70
Financial freedom 50 60

Economic freedom comparison by year

Greece
Romania
1x
Year Economic freedom index
Greece Romania
2026 63.2 65.4
2025 60.6 66.5
2024 55.1 64.4
2023 56.9 64.5
2022 61.5 67.1
2021 60.9 69.5
2020 59.9 69.7
2019 57.7 68.6
2018 57.3 69.4
2017 55 69.7
2016 53.2 65.6
2015 54 66.6
2014 55.7 65.5
2013 55.4 65.1
2012 55.4 64.4
2011 60.3 64.7
2010 62.7 64.2
2009 60.8 63.2
2008 60.6 61.7
2007 58.7 61.2
2006 60.1 58.2
2005 59 52.1
2004 59.1 50
2003 58.8 50.6
2002 59.1 48.7
2001 63.4 50
2000 61 52.1
1999 61 50.1
1998 60.6 54.4
1997 59.6 50.8
1996 60.5 46.2
1995 61.2 42.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 65.4 for Romania, ranking 64/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Romania
Services, % of GDP
67.4%
2025
61.7%
2025
Industry, % of GDP
15.2%
2025
25.3%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
3%
2025
GNI, Atlas method
$264B
2025
$384B
2025
GNI per capita, PPP
$44,310
2025
$49,550
2025
Total reserves including gold
$24B
2025
$90.6B
2025
Total reserves ranking
63/177
2025
31/177
2025
Net foreign direct investment
-$4.52B
2024
-$8.57B
2025
Net inflows of foreign direct investment
$6.74B
2024
$7.16B
2024
Net outflows of foreign direct investment
$2.22B
2024
$1.99B
2024
Poverty at national poverty lines
18.8%
2021
19%
2023
Gross capital formation, % of GDP
17.2%
2025
25.9%
2025

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/romania | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1999, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
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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.