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Economy of Greece vs Rwanda compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $16.4B for Rwanda, ranking 52/197 and 142/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $10.6B (64.6% of GDP) in Rwanda.

Greece vs Rwanda GDP by year

Greece
Rwanda
1x
Year GDP, current $
Greece Rwanda
2025 $280,635,521,324 $16,372,132,990
2024 $256,238,371,778 $15,111,064,182
2023 $242,946,187,738 $14,806,501,437
2022 $217,990,189,601 $13,747,404,814
2021 $218,303,801,895 $11,252,894,910
2020 $191,362,985,555 $10,487,146,253
2019 $207,305,649,887 $10,519,272,170
2018 $213,298,873,494 $9,650,161,136
2017 $200,381,103,984 $9,164,345,443
2016 $193,097,239,006 $8,596,812,241
2015 $194,567,373,678 $8,447,064,079
2014 $233,911,581,521 $8,129,984,484
2013 $236,556,279,641 $7,714,276,920
2012 $238,841,140,018 $7,556,673,276
2011 $283,228,079,776 $6,802,676,034
2010 $296,417,644,404 $6,052,276,078
2009 $326,829,054,686 $5,603,399,015
2008 $351,121,399,546 $5,120,655,375
2007 $314,226,996,944 $4,017,977,507
2006 $269,073,415,334 $3,274,207,945
2005 $242,315,668,619 $2,933,819,766
2004 $234,979,615,898 $2,376,496,067
2003 $196,930,509,813 $2,138,237,279
2002 $150,253,800,086 $1,966,003,468
2001 $132,050,474,720 $1,966,600,715
2000 $125,760,166,225 $2,068,836,754
1999 $137,131,371,955 $2,157,108,263
1998 $139,612,812,176 $1,989,343,546
1997 $138,766,067,640 $1,851,558,197
1996 $142,502,984,145 $1,382,334,879
1995 $134,974,613,914 $1,293,535,193
1994 $114,980,063,202 $753,636,370
1993 $107,295,704,518 $1,971,525,712
1992 $114,608,178,405 $2,029,026,962
1991 $103,680,863,713 $1,911,600,237
1990 $96,529,587,274 $2,550,185,679
1989 $78,067,933,277 $2,405,022,593
1988 $75,200,610,137 $2,395,492,687
1987 $64,739,630,096 $2,157,432,668
1986 $55,595,445,472 $1,944,710,684
1985 $47,155,741,426 $1,715,626,331
1984 $47,352,146,312 $1,587,413,084
1983 $48,741,397,059 $1,479,687,587
1982 $53,858,346,939 $1,407,243,139
1981 $51,618,456,335 $1,407,062,527
1980 $56,039,256,595 $1,254,765,642
1979 $53,724,121,435 $1,109,346,131
1978 $43,654,480,519 $905,709,076
1977 $35,673,080,481 $746,650,613
1976 $30,719,552,239 $637,753,853
1975 $28,129,128,587 $571,863,500
1974 $24,998,715,909 $308,458,423
1973 $22,037,019,563 $290,746,157
1972 $16,650,659,091 $246,457,838
1971 $14,388,806,818 $222,952,504
1970 $12,957,113,636 $219,900,006
1969 $11,454,106,327 $188,700,037
1968 $9,950,331,206 $172,200,018
1967 $9,146,592,856 $159,560,018
1966 $8,472,021,467 $124,525,703
1965 $7,582,209,670 $148,799,980
1964 $6,576,906,345 $129,999,994
1963 $5,813,285,627 $128,000,000
1962 $5,140,542,929 $125,000,008
1961 $4,892,397,431 $122,000,016
1960 $4,274,890,307 $119,000,024

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Greece vs Rwanda by year

Greece
GDP per capita

GDP per capita, PPP
Rwanda
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Rwanda
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $1,124 -
2024 $24,626 $44,327 $1,060 $3,711
2023 $23,344 $42,711 $1,061 $3,399
2022 $20,885 $39,612 $1,007 $3,099
2021 $20,653 $33,531 $843 $2,733
2020 $17,887 $29,533 $803 $2,285
2019 $19,335 $31,927 $823 $2,336
2018 $19,873 $29,792 $773 $2,125
2017 $18,632 $28,682 $751 $1,968
2016 $17,919 $27,505 $721 $1,866
2015 $17,981 $26,608 $726 $1,781
2014 $21,475 $26,450 $715 $1,678
2013 $21,573 $25,731 $695 $1,512
2012 $21,624 $24,583 $698 $1,455
2011 $25,505 $25,693 $643 $1,413
2010 $26,653 $27,839 $587 $1,314
2009 $29,425 $29,963 $557 $1,241
2008 $31,696 $30,441 $522 $1,191
2007 $28,441 $28,896 $421 $1,079
2006 $24,416 $28,076 $352 $1,002
2005 $22,054 $25,004 $324 $914
2004 $21,449 $24,826 $269.5 $832
2003 $18,021 $23,253 $249 $775
2002 $13,782 $21,985 $234 $760
2001 $12,157 $20,304 $237.3 $670
2000 $11,638 $18,820 $251.9 $609
1999 $12,743 $17,758 $264.7 $554
1998 $13,023 $17,434 $246.2 $528
1997 $13,016 $16,630 $238.7 $500
1996 $13,433 $15,778 $206 $499
1995 $12,779 $15,218 $228 $514
1994 $10,937 $14,667 $111 $311
1993 $10,257 $14,150 $247 $521
1992 $11,021 $14,130 $264.1 $575
1991 $10,047 $13,824 $254 $542
1990 $9,467 $13,126 $346 $549
1989 $7,738 - $335 -
1988 $7,492 - $344 -
1987 $6,474 - $320 -
1986 $5,578 - $297.7 -
1985 $4,747 - $271.6 -
1984 $4,785 - $259.9 -
1983 $4,950 - $250.6 -
1982 $5,502 - $246.4 -
1981 $5,305 - $254.6 -
1980 $5,812 - $234.4 -
1979 $5,627 - $213.8 -
1978 $4,629 - $179.9 -
1977 $3,832 - $152.7 -
1976 $3,343 - $134.4 -
1975 $3,109 - $124.1 -
1974 $2,789 - $68.9 -
1973 $2,468 - $66.9 -
1972 $1,873 - $58.4 -
1971 $1,629 - $54.4 -
1970 $1,474 - $55.2 -
1969 $1,306 - $48.9 -
1968 $1,138 - $46 -
1967 $1,053 - $44 -
1966 $984 - $35.4 -
1965 $887 - $43.5 -
1964 $773 - $39 -
1963 $686 - $39.3 -
1962 $608 - $39.2 -
1961 $583 - $39.3 -
1960 $513 - $39.4 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

Greece's GDP per capita is $26,948, ranking 50/197, compared to $1,124 in Rwanda, ranking 178/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Rwanda ranks 168th at $3,711.

Economic indicators

Greece Rwanda
Gross domestic product
$281B
2025
$16.4B
2025
GDP rank
52/197
2025
142/197
2025
GDP growth
2.07%
2024-2025
9.38%
2024-2025
GDP per capita
$26,948
2025
$1,124
2025
GDP per capita rank
50/197
2025
178/197
2025
GDP per capita, PPP
$44,327
2024
$3,711
2024
GDP per capita PPP rank
52/197
2024
168/197
2024
Government debt
$409B
2025
$10.6B
2025
Debt-to-GDP ratio
145.7%
2025
64.6%
2025
Government debt per person
$39,257
2025
$726
2025
Government debt per person rank
19/185
2025
155/185
2025
Average annual personal income after taxes
$14,117
2026
$1,614
2026
Market capitalization of domestic companies
$129B
2025
$3.2B
2025
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
n/a
Income share by richest 10%
26%
2023
33.4%
2023
Income share by poorest 10%
2.7%
2023
3.1%
2023
Government expenditure, % of GDP
49.7%
2025
24.1%
2025
Consumer prices inflation
2.48%
2024-2025
5.91%
2024-2025
Central bank interest rate n/a
6.75%
2025
Unemployment rate
8.84%
2025
5.36%
2025
Population
10371575
15062056

Spending and national debt comparison by year

Greece
Spending

Debt
Rwanda
Spending

Debt
1x
Year % of GDP
Greece Rwanda
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 24.1% 64.6%
2024 48.2% 155.4% 27.1% 63.4%
2023 49.6% 165.5% 26.2% 61.4%
2022 53.1% 179.2% 28.7% 59%
2021 56.7% 197.8% 31% 66.2%
2020 59.3% 209.9% 32.5% 66.7%
2019 47.6% 183.7% 27.7% 52.8%
2018 48.6% 189.6% 26.3% 49.2%
2017 48.5% 182.6% 25.3% 46.1%
2016 50.3% 183.7% 25.4% 41.5%
2015 51.9% 180% 26.9% 33.5%
2014 51.5% 182.8% 27.8% 29.5%
2013 53% 180.5% 26.5% 27%
2012 54.9% 164.3% 24.9% 19.3%
2011 55.1% 175.1% 25% 18.9%
2010 53.1% 147.8% 24.1% 19%
2009 54.8% 128.5% 22.6% 18.7%
2008 51.5% 110.9% 22.7% 18.5%
2007 47.8% 104.6% 22.7% 22.4%
2006 45.9% 105.3% 20.9% 22.8%
2005 46.6% 109.9% 20.2% 59.8%
2004 48.8% 105.5% 18.1% 82.1%
2003 47.9% 104.3% 18.8% 80.7%
2002 47.1% 107.9% 20.7% 93.4%
2001 47.5% 110.5% 19.3% 85.2%
2000 48.2% 108.9% 18.5% 87.2%
1999 48% 102.8% 22.7% 79.5%
1998 46.7% 100.8% 16.6% 71.1%
1997 45.1% 102.6% 17.2% 73.3%
1996 46.1% 103.7% 19.8% 84.6%
1995 46.6% 100.4% 18.3% 102.2%
1994 36.9% 99.7% 13.5% -
1993 38.6% 101.7% 20.6% -
1992 36.9% 81.1% 21.8% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Rwanda spent $3.95B, or 24.1% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 64.6% in Rwanda, ranking 7/185 and 68/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Rwanda
1x
Year Deficit/surplus, % of GDP
Greece Rwanda
2025 1.26% -4.49%
2024 1.23% -6.19%
2023 -1.44% -4.88%
2022 -2.57% -5.56%
2021 -7.76% -6.89%
2020 -10.4% -9.26%
2019 -0.09% -5%
2018 0.78% -2.57%
2017 1.05% -2.54%
2016 0.28% -2.3%
2015 -3.03% -2.71%
2014 -4.29% -3.97%
2013 -4.06% -1.29%
2012 -6.94% -2.41%
2011 -10.5% -0.87%
2010 -11.4% -0.65%
2009 -15.4% 0.26%
2008 -10.3% 0.84%
2007 -6.81% -1.58%
2006 -6.04% -0.03%
2005 -6.33% 1.14%
2004 -9.05% 2.31%
2003 -8.05% -1.25%
2002 -6.2% -2.06%
2001 -5.64% -1.83%
2000 -4.21% -0.22%
1999 -6.02% -4.48%
1998 -6.48% -2.63%
1997 -6.25% -2.25%
1996 -8.35% -5.08%
1995 -9.87% -2.07%
1994 -8.48% -9.68%
1993 -11.5% -6.7%
1992 -10.6% -7.31%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/greece/rwanda | 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 Rwanda's deficit of $736M, or 4.49% of GDP.

Over the past 34 years, Greece recorded a fiscal deficit in 29 of those years, while Rwanda ran a deficit in 30 years. On average, Greece posted an annual deficit equal to 5.98% of GDP, compared to deficit of 3.06% of GDP for Rwanda.

Inflation comparison by year

Inflation
Greece

Rwanda
1x
Year Consumer prices inflation
Greece Rwanda
2025 2.48% 5.91%
2024 2.74% 1.77%
2023 3.46% 19.8%
2022 9.65% 17.7%
2021 1.22% -0.39%
2020 -1.25% 9.85%
2019 0.25% 3.35%
2018 0.63% -0.31%
2017 1.12% 8.28%
2016 -0.83% 7.17%
2015 -1.74% 2.53%
2014 -1.31% 2.35%
2013 -0.92% 5.92%
2012 1.5% 10.3%
2011 3.33% 3.08%
2010 4.71% -0.25%
2009 1.21% 12.9%
2008 4.15% 15.4%
2007 2.9% 9.08%
2006 3.2% 8.88%
2005 3.55% 9.01%
2004 2.9% 12.3%
2003 3.53% 7.45%
2002 3.63% 1.99%
2001 3.37% 3.34%
2000 3.15% 3.9%
1999 2.64% -2.41%
1998 4.77% 6.21%
1997 5.54% 12%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 6.8% in Rwanda. In 2025, inflation was 2.48% in Greece and 5.91% in Rwanda.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $103K
Metals $71K
Chemicals & pharma $70K
Wood & paper products $60K
Processed food, beverages & tobacco $33K
Raw materials & minerals $8K
Textiles & consumer goods $6K
Rwanda
Export category Export value
Raw materials & minerals $779K
Raw agricultural goods $572K
Textiles & consumer goods $5K

Balance of trade

Greece Rwanda
Current account balance
-$18.2B
2024
-$1.81B
2024
Current account balance ranking
183/190
2024
136/190
2024
Current account balance, % of GDP
-7.11%
2024
-12%
2024
Goods imports
$91.2B
2024
$5.55B
2024
Goods exports
$52.6B
2024
$3.2B
2024
Service imports
$31.1B
2024
$991M
2024
Service exports
$55.8B
2024
$1.08B
2024
Imports of goods and services, % of GDP
44%
2025
35.1%
2025
Exports of goods and services, % of GDP
39.5%
2025
21.6%
2025

Economic freedom indices

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

Greece Rwanda
Economic freedom 63.2 56.5
Economic freedom ranking 82/197 121/197
Property rights 78 60.3
Government integrity 54.8 53.9
Judicial effectiveness 68 27.5
Tax burden 59.9 80.6
Government spending 24.7 75.7
Fiscal health 78.9 37.5
Business freedom 77.8 60.1
Labor freedom 59.7 49.1
Monetary freedom 72.6 72.3
Trade freedom 79.4 61.8
Investment freedom 55 60
Financial freedom 50 40

Economic freedom comparison by year

Greece
Rwanda
1x
Year Economic freedom index
Greece Rwanda
2026 63.2 56.5
2025 60.6 54.8
2024 55.1 51.6
2023 56.9 52.2
2022 61.5 57.1
2021 60.9 68.3
2020 59.9 70.9
2019 57.7 71.1
2018 57.3 69.1
2017 55 67.6
2016 53.2 63.1
2015 54 64.8
2014 55.7 64.7
2013 55.4 64.1
2012 55.4 64.9
2011 60.3 62.7
2010 62.7 59.1
2009 60.8 54.2
2008 60.6 54.2
2007 58.7 52.4
2006 60.1 52.8
2005 59 51.7
2004 59.1 53.3
2003 58.8 47.8
2002 59.1 50.4
2001 63.4 45.4
2000 61 42.3
1999 61 39.8
1998 60.6 39.1
1997 59.6 38.3
1996 60.5 -
1995 61.2 -

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 56.5 for Rwanda, ranking 121/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Rwanda
Services, % of GDP
67.4%
2025
52.3%
2025
Industry, % of GDP
15.2%
2025
22%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
20.3%
2025
GNI, Atlas method
$264B
2025
$16.7B
2025
GNI per capita, PPP
$44,310
2025
$4,070
2025
Total reserves including gold
$24B
2025
$1.96B
2025
Total reserves ranking
63/177
2025
128/177
2025
Net foreign direct investment
-$4.52B
2024
-$560M
2024
Net inflows of foreign direct investment
$6.74B
2024
$573M
2024
Net outflows of foreign direct investment
$2.22B
2024
$13.2M
2024
Servicing debt to the IMF, % of GNI n/a
2.91%
2024
Poverty at national poverty lines
18.8%
2021
27.4%
2023
Gross capital formation, % of GDP
17.2%
2025
34.1%
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/rwanda | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, 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.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

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.