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Economy of Greece vs San Marino compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $2.03B for San Marino, ranking 53/197 and 180/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $1.39B (63.9% of GDP) in San Marino.

Greece vs San Marino GDP by year

Greece
San Marino
1x
Year GDP, current $
Greece San Marino
2024 $256,238,371,778 -
2023 $242,946,187,738 $2,027,527,228
2022 $217,990,189,601 $1,829,211,864
2021 $218,303,801,895 $1,855,652,786
2020 $191,362,985,555 $1,541,248,249
2019 $207,305,649,887 $1,616,340,692
2018 $213,298,873,494 $1,655,353,653
2017 $200,381,103,984 $1,528,620,346
2016 $193,097,239,006 $1,468,343,140
2015 $194,567,373,678 $1,419,401,071
2014 $233,911,581,521 $1,673,911,426
2013 $236,556,279,641 $1,678,741,475
2012 $238,841,140,018 $1,604,701,299
2011 $283,228,079,776 $1,813,717,439
2010 $296,417,644,404 $1,881,191,925
2009 $326,829,054,686 $2,064,277,126
2008 $351,121,399,546 $2,403,213,305
2007 $314,226,996,944 $2,188,654,628
2006 $269,073,415,334 $1,909,765,165
2005 $242,315,668,619 $1,786,514,058
2004 $234,979,615,898 $1,715,340,543
2003 $196,930,509,813 $1,462,590,267
2002 $150,253,800,086 $1,148,872,072
2001 $132,050,474,720 $1,059,529,812
2000 $125,760,166,225 $1,007,661,367
1999 $137,131,371,955 $1,109,473,368
1998 $139,612,812,176 $1,048,316,226
1997 $138,766,067,640 $976,606,911
1996 $142,502,984,145 -
1995 $134,974,613,914 -
1994 $114,980,063,202 -
1993 $107,295,704,518 -
1992 $114,608,178,405 -
1991 $103,680,863,713 -
1990 $96,529,587,274 -
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/san-marino | CC BY

GDP per capita in Greece vs San Marino by year

Greece
GDP per capita

GDP per capita, PPP
San Marino
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece San Marino
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 - -
2023 $23,344 $42,711 $59,880 $78,745
2022 $20,887 $39,612 $54,191 $75,941
2021 $20,655 $33,531 $54,176 $64,745
2020 $17,887 $29,533 $44,327 $55,207
2019 $19,335 $31,927 $46,630 $57,444
2018 $19,873 $29,792 $47,951 $54,461
2017 $18,632 $28,682 $45,192 $52,463
2016 $17,919 $27,505 $44,359 $53,033
2015 $17,981 $26,608 $43,147 $52,247
2014 $21,475 $26,450 $51,260 $52,909
2013 $21,573 $25,731 $50,808 $50,770
2012 $21,624 $24,583 $47,946 $51,274
2011 $25,505 $25,693 $55,601 $56,240
2010 $26,653 $27,839 $56,543 $58,926
2009 $29,425 $29,963 $62,429 $61,970
2008 $31,696 $30,441 $75,902 $71,724
2007 $28,441 $28,896 $70,124 $71,744
2006 $24,416 $28,076 $63,271 $67,434
2005 $22,054 $25,004 $59,878 $63,739
2004 $21,449 $24,826 $58,232 $61,114
2003 $18,021 $23,253 $52,530 $60,224
2002 $13,782 $21,985 $41,791 $57,584
2001 $12,157 $20,304 $39,035 $57,252
2000 $11,638 $18,820 $37,601 $53,713
1999 $12,743 $17,758 $41,932 $52,064
1998 $13,023 $17,434 $40,127 $47,679
1997 $13,016 $16,630 $37,853 $44,426
1996 $13,433 $15,778 - -
1995 $12,779 $15,218 - -
1994 $10,937 $14,667 - -
1993 $10,257 $14,150 - -
1992 $11,021 $14,130 - -
1991 $10,047 $13,824 - -
1990 $9,467 $13,126 - -
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/san-marino | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $59,880 in San Marino, ranking 15/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while San Marino ranks 17th at $78,745.

Economic indicators

Greece San Marino
Gross domestic product
$256B
2024
$2.03B
2023
GDP rank
53/197
2024
180/197
2023
GDP growth
2.09%
2023-2024
0.4%
2022-2023
GDP per capita
$24,626
2024
$59,880
2023
GDP per capita rank
49/197
2024
15/197
2023
GDP per capita, PPP
$44,327
2024
$78,745
2023
GDP per capita PPP rank
52/197
2024
17/197
2023
Government debt
$397B
2024
$1.39B
2023
Debt-to-GDP ratio
154.8%
2024
63.9%
2024
Government debt per person
$38,119
2024
$40,919
2023
Government debt per person rank
16/185
2024
13/185
2023
Average annual personal income after taxes
$14,396
2026
$45,474
2026
Market capitalization of domestic companies
$83.2B
2024
n/a
Number of billionaires
16
2025
n/a
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
21%
2024
Consumer prices inflation
2.74%
2023-2024
1.2%
2023-2024
Unemployment rate
10%
2024
4.91%
2022
Population
10181414
33967

Spending and national debt comparison by year

Greece
Spending

Debt
San Marino
Spending

Debt
1x
Year % of GDP
Greece San Marino
Government spending Government debt Government spending Government debt
2024 48% 154.8% 21% 63.9%
2023 49.5% 165.2% 21.7% 68.3%
2022 52.8% 178.4% 21.7% 70.6%
2021 56.7% 197.8% 37.1% 77.2%
2020 59.3% 209.9% 59.2% 69.8%
2019 47.6% 183.7% 22.4% 56.2%
2018 48.6% 189.6% 24.5% 56.7%
2017 48.5% 182.6% 25.6% 56.6%
2016 50.3% 183.7% 23.4% 21.4%
2015 51.9% 180% 26.3% 19.3%
2014 51.5% 182.8% 23.7% 21%
2013 53% 180.5% 30.2% 23.2%
2012 54.9% 164.3% 30.6% 17.2%
2011 55.1% 175.1% 25.4% 16.6%
2010 53.1% 147.8% 24.4% 20%
2009 54.8% 128.5% 24.8% 20.1%
2008 51.5% 110.9% 22% 15.5%
2007 47.8% 104.6% 20.7% 12.6%
2006 45.9% 105.3% 19.7% 14.2%
2005 46.6% 109.9% 19.3% 14.5%
2004 48.8% 105.5% 19% 16.9%
2003 47.9% 104.3% - 16.1%
2002 47.1% 107.9% - 17.2%
2001 47.5% 110.5% - 11.6%
2000 48.2% 108.9% - -
1999 48% 102.8% - -
1998 46.7% 100.8% - -
1997 45.1% 102.6% - -
1996 46.1% 103.7% - -
1995 46.6% 100.4% - -
1994 36.9% 99.7% - -
1993 38.6% 101.7% - -
1992 36.9% 81.1% - -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1989, retrieved 2026-02-20).

GeoRank.org/economy/greece/san-marino | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while San Marino spent $440M, or 21% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 63.9% in San Marino, ranking 7/185 and 71/185, respectively.

Government deficit by year

Deficit/surplus
Greece

San Marino
1x
Year Deficit/surplus, % of GDP
Greece San Marino
2024 1.34% -0.53%
2023 -1.35% -0.72%
2022 -2.46% 0.42%
2021 -7.58% -16.4%
2020 -10.3% -37.6%
2019 -0.09% -0.11%
2018 0.78% -1.56%
2017 1.05% -3.49%
2016 0.28% -0.19%
2015 -3.03% -3.32%
2014 -4.29% 1.06%
2013 -4.06% -7.74%
2012 -6.94% -7.08%
2011 -10.5% -4.05%
2010 -11.4% -2.24%
2009 -15.4% -2.46%
2008 -10.3% 0.18%
2007 -6.81% 1.83%
2006 -6.04% 1.51%
2005 -6.33% 3.58%
2004 -9.05% 2.44%
2003 -8.05% -
2002 -6.2% -
2001 -5.64% -
2000 -4.21% -
1999 -6.02% -
1998 -6.48% -
1997 -6.25% -
1996 -8.35% -
1995 -9.87% -
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/san-marino | CC BY

In 2023, Greece's government deficit, the difference between spending and revenue, was $3.28B, equivalent to 1.35% of GDP. This compares to San Marino's deficit of $14.7M, or 0.72% of GDP.

Over the past 20 years, Greece recorded a fiscal deficit in 17 of those years, while San Marino ran a deficit in 13 years. On average, Greece posted an annual deficit equal to 5.7% of GDP, compared to deficit of 3.8% of GDP for San Marino.

Inflation comparison by year

Inflation
Greece

San Marino
1x
Year Consumer prices inflation
Greece San Marino
2024 2.74% 1.2%
2023 3.46% 5.9%
2022 9.65% 5.3%
2021 1.22% 1.6%
2020 -1.25% -0.1%
2019 0.25% 0.5%
2018 0.63% 1.2%
2017 1.12% 1%
2016 -0.83% 0.6%
2015 -1.74% 0.1%
2014 -1.31% 1.1%
2013 -0.92% 1.6%
2012 1.5% 2.8%
2011 3.33% 2.2%
2010 4.71% 2.4%
2009 1.21% 2.4%
2008 4.15% 4.1%
2007 2.9% 2.5%
2006 3.2% 2.1%
2005 3.55% 1.7%
2004 2.9% 1.4%
2003 3.53% 1.3%
2002 3.63% -
2001 3.37% -
2000 3.15% -
1999 2.64% -
1998 4.77% -
1997 5.54% -

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/greece/san-marino | CC BY

Over the past 22 years, Greece has recorded an average annual inflation rate of 2%, compared with 1.95% in San Marino. In 2024, inflation was 2.74% in Greece and 1.2% in San Marino.

Balance of trade

Greece San Marino
Current account balance
-$18.2B
2024
$446M
2023
Current account balance ranking
182/190
2024
64/190
2023
Current account balance, % of GDP
-7.11%
2024
+22%
2023
Goods imports
$91.2B
2024
$2.25B
2023
Goods exports
$52.6B
2024
$2.53B
2023
Service imports
$31.1B
2024
$894M
2023
Service exports
$55.8B
2024
$1.25B
2023
Imports of goods and services, % of GDP
47.7%
2024
155%
2023
Exports of goods and services, % of GDP
42.1%
2024
186%
2023

Economic freedom indices

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

Greece San Marino
Economic freedom 63.2 76
Economic freedom ranking 82/197 16/197
Property rights 78 n/a
Government integrity 54.8 n/a
Judicial effectiveness 68 n/a
Tax burden 59.9 n/a
Government spending 24.7 n/a
Fiscal health 78.9 n/a
Business freedom 77.8 n/a
Labor freedom 59.7 n/a
Monetary freedom 72.6 n/a
Trade freedom 79.4 n/a
Investment freedom 55 n/a
Financial freedom 50 n/a

Other economic metrics

Greece San Marino
Services, % of GDP
68%
2024
56.9%
2023
Industry, % of GDP
15%
2024
35.8%
2023
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
0.02%
2023
GNI, Atlas method
$236B
2024
$1.82B
2023
GNI per capita, PPP
$43,340
2024
$71,860
2023
Total reserves including gold
$15.2B
2024
$759M
2024
Total reserves ranking
67/177
2024
146/177
2024
Net foreign direct investment
-$4.52B
2024
$52.7M
2023
Net inflows of foreign direct investment
$6.74B
2024
-$18.1M
2023
Net outflows of foreign direct investment
$2.22B
2024
$0
2024
Poverty at national poverty lines
18.8%
2021
n/a
Gross capital formation, % of GDP
18.3%
2024
16.6%
2023

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/san-marino | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Public Finances in Modern History (1880–1989, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  4. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  5. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  6. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  7. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

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.