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Economy of Greece vs Togo compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $10.7B for Togo, ranking 53/197 and 154/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $7.68B (72.1% of GDP) in Togo.

Greece vs Togo GDP by year

Greece
Togo
1x
Year GDP, current $
Greece Togo
2024 $256,238,371,778 $10,651,180,147
2023 $242,946,187,738 $9,816,236,303
2022 $217,990,189,601 $8,646,453,099
2021 $218,303,801,895 $8,541,668,141
2020 $191,362,985,555 $7,486,031,562
2019 $207,305,649,887 $6,992,654,019
2018 $213,298,873,494 $7,029,215,766
2017 $200,381,103,984 $6,387,424,240
2016 $193,097,239,006 $6,071,167,584
2015 $194,567,373,678 $5,755,457,836
2014 $233,911,581,521 $6,393,314,708
2013 $236,556,279,641 $6,021,729,630
2012 $238,841,140,018 $5,413,541,649
2011 $283,228,079,776 $5,422,439,152
2010 $296,417,644,404 $4,746,386,893
2009 $326,829,054,686 $4,721,888,275
2008 $351,121,399,546 $4,578,847,113
2007 $314,226,996,944 $3,759,962,853
2006 $269,073,415,334 $3,320,907,722
2005 $242,315,668,619 $3,221,910,408
2004 $234,979,615,898 $3,191,561,509
2003 $196,930,509,813 $2,987,984,051
2002 $150,253,800,086 $2,410,199,032
2001 $132,050,474,720 $2,093,498,674
2000 $125,760,166,225 $2,106,848,752
1999 $137,131,371,955 $2,226,577,204
1998 $139,612,812,176 $2,241,650,112
1997 $138,766,067,640 $2,116,818,623
1996 $142,502,984,145 $2,069,506,014
1995 $134,974,613,914 $1,849,110,468
1994 $114,980,063,202 $1,387,662,121
1993 $107,295,704,518 $1,741,944,426
1992 $114,608,178,405 $2,390,796,916
1991 $103,680,863,713 $2,262,767,860
1990 $96,529,587,274 $2,299,665,506
1989 $78,067,933,277 $1,910,635,575
1988 $75,200,610,137 $1,947,208,354
1987 $64,739,630,096 $1,763,978,066
1986 $55,595,445,472 $1,498,219,579
1985 $47,155,741,426 $1,076,604,520
1984 $47,352,146,312 $1,014,170,069
1983 $48,741,397,059 $1,081,387,265
1982 $53,858,346,939 $1,160,337,039
1981 $51,618,456,335 $1,359,026,709
1980 $56,039,256,595 $1,604,836,916
1979 $53,724,121,435 $1,259,365,712
1978 $43,654,480,519 $1,164,025,637
1977 $35,673,080,481 $1,097,893,826
1976 $30,719,552,239 $874,681,612
1975 $28,129,128,587 $871,781,687
1974 $24,998,715,909 $791,450,308
1973 $22,037,019,563 $574,030,984
1972 $16,650,659,091 $474,043,922
1971 $14,388,806,818 $404,648,368
1970 $12,957,113,636 $358,665,754
1969 $11,454,106,327 $378,091,810
1968 $9,950,331,206 $341,691,567
1967 $9,146,592,856 $327,215,844
1966 $8,472,021,467 $305,227,595
1965 $7,582,209,670 $264,505,506
1964 $6,576,906,345 $234,572,186
1963 $5,813,285,627 $202,305,865
1962 $5,140,542,929 $186,745,758
1961 $4,892,397,431 $178,497,098
1960 $4,274,890,307 $171,057,069

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Greece vs Togo by year

Greece
GDP per capita

GDP per capita, PPP
Togo
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Togo
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $1,119 $3,365
2023 $23,344 $42,711 $1,055 $3,154
2022 $20,887 $39,612 $951 $2,935
2021 $20,655 $33,531 $962 $2,639
2020 $17,887 $29,533 $863 $2,384
2019 $19,335 $31,927 $826 $2,215
2018 $19,873 $29,792 $851 $2,067
2017 $18,632 $28,682 $793 $1,986
2016 $17,919 $27,505 $773 $1,933
2015 $17,981 $26,608 $751 $1,880
2014 $21,475 $26,450 $856 $1,803
2013 $21,573 $25,731 $827 $1,715
2012 $21,624 $24,583 $762 $1,645
2011 $25,505 $25,693 $784 $1,616
2010 $26,653 $27,839 $705 $1,537
2009 $29,425 $29,963 $721 $1,474
2008 $31,696 $30,441 $719 $1,429
2007 $28,441 $28,896 $608 $1,387
2006 $24,416 $28,076 $553 $1,407
2005 $22,054 $25,004 $551 $1,368
2004 $21,449 $24,826 $560 $1,427
2003 $18,021 $23,253 $538 $1,440
2002 $13,782 $21,985 $445 $1,357
2001 $12,157 $20,304 $397 $1,320
2000 $11,638 $18,820 $410 $1,315
1999 $12,743 $17,758 $445 $1,332
1998 $13,023 $17,434 $461 $1,318
1997 $13,016 $16,630 $448 $1,373
1996 $13,433 $15,778 $452 $1,218
1995 $12,779 $15,218 $419 $1,140
1994 $10,937 $14,667 $329 $1,082
1993 $10,257 $14,150 $414 $925
1992 $11,021 $14,130 $565 $1,057
1991 $10,047 $13,824 $550 $1,107
1990 $9,467 $13,126 $575 $1,110
1989 $7,738 - $492 -
1988 $7,492 - $517 -
1987 $6,474 - $482 -
1986 $5,578 - $422 -
1985 $4,747 - $313 -
1984 $4,785 - $304 -
1983 $4,950 - $336 -
1982 $5,502 - $372 -
1981 $5,305 - $451 -
1980 $5,812 - $549 -
1979 $5,627 - $443 -
1978 $4,629 - $421 -
1977 $3,832 - $406 -
1976 $3,343 - $332 -
1975 $3,109 - $339 -
1974 $2,789 - $315 -
1973 $2,468 - $234.4 -
1972 $1,873 - $198.8 -
1971 $1,629 - $174.6 -
1970 $1,474 - $159.8 -
1969 $1,306 - $174.7 -
1968 $1,138 - $164.3 -
1967 $1,053 - $163.9 -
1966 $984 - $159.1 -
1965 $887 - $142.7 -
1964 $773 - $130.1 -
1963 $686 - $114.6 -
1962 $608 - $107.8 -
1961 $583 - $104.8 -
1960 $513 - $102.2 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Greece's GDP per capita is $24,626, ranking 49/197, compared to $1,119 in Togo, ranking 172/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Togo ranks 173rd at $3,365.

Economic indicators

Greece Togo
Gross domestic product
$256B
2024
$10.7B
2024
GDP rank
53/197
2024
154/197
2024
GDP growth
2.09%
2023-2024
6.53%
2023-2024
GDP per capita
$24,626
2024
$1,119
2024
GDP per capita rank
49/197
2024
172/197
2024
GDP per capita, PPP
$44,327
2024
$3,365
2024
GDP per capita PPP rank
52/197
2024
173/197
2024
Government debt
$397B
2024
$7.68B
2024
Debt-to-GDP ratio
154.8%
2024
72.1%
2024
Government debt per person
$38,119
2024
$807
2024
Government debt per person rank
16/185
2024
149/185
2024
Average annual personal income after taxes
$14,396
2026
$1,661
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
29.6%
2021
Income share by poorest 10%
2.7%
2023
2.8%
2021
Government expenditure, % of GDP
48%
2024
26.4%
2024
Consumer prices inflation
2.74%
2023-2024
2.86%
2023-2024
Unemployment rate
10%
2024
1.97%
2022
Population
10181414
9990340

Spending and national debt comparison by year

Greece
Spending

Debt
Togo
Spending

Debt
1x
Year % of GDP
Greece Togo
Government spending Government debt Government spending Government debt
2024 48% 154.8% 26.4% 72.1%
2023 49.5% 165.2% 26.6% 68.6%
2022 52.8% 178.4% 26% 67%
2021 56.7% 197.8% 21.8% 64.9%
2020 59.3% 209.9% 23.7% 62.2%
2019 47.6% 183.7% 16.6% 54.9%
2018 48.6% 189.6% 18.8% 58%
2017 48.5% 182.6% 16.3% 57.1%
2016 50.3% 183.7% 22.9% 59.9%
2015 51.9% 180% 22.9% 52.4%
2014 51.5% 182.8% 21.9% 44.9%
2013 53% 180.5% 20.5% 41.1%
2012 54.9% 164.3% 19.1% 34.3%
2011 55.1% 175.1% 18.2% 37%
2010 53.1% 147.8% 15.1% 33.5%
2009 54.8% 128.5% 14.3% 57.6%
2008 51.5% 110.9% 12.4% 67.3%
2007 47.8% 104.6% 13.7% 70.5%
2006 45.9% 105.3% 14.7% 67.7%
2005 46.6% 109.9% 13.3% 63.1%
2004 48.8% 105.5% 10.6% 48.7%
2003 47.9% 104.3% 8.88% 50%
2002 47.1% 107.9% 8.42% 54.8%
2001 47.5% 110.5% 10.9% 68.5%
2000 48.2% 108.9% 11.9% 66.5%
1999 48% 102.8% 11.9% 59.9%
1998 46.7% 100.8% 12.8% 62.8%
1997 45.1% 102.6% 10.6% 54.4%
1996 46.1% 103.7% 12.4% 60.4%
1995 46.6% 100.4% 12.7% 64.8%
1994 36.9% 99.7% 13.2% 79%
1993 38.6% 101.7% 14.8% 58.3%
1992 36.9% 81.1% 12.6% 45%
1991 35.2% 75.7% 14.6% 46.9%
1990 38.5% 74.2% 16.8% 44.7%
1989 34.8% 60.7% 16.9% 46.3%
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 (1960–2004, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Togo spent $2.81B, or 26.4% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 72.1% in Togo, ranking 7/185 and 54/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Togo
1x
Year Deficit/surplus, % of GDP
Greece Togo
2024 1.34% -7.43%
2023 -1.35% -6.73%
2022 -2.46% -8.33%
2021 -7.58% -4.65%
2020 -10.3% -7.05%
2019 -0.09% 1.67%
2018 0.78% -0.59%
2017 1.05% -0.21%
2016 0.28% -7.02%
2015 -3.03% -7.04%
2014 -4.29% -7.11%
2013 -4.06% -5.08%
2012 -6.94% -4.63%
2011 -10.5% -4.48%
2010 -11.4% -1.66%
2009 -15.4% -2.63%
2008 -10.3% -0.59%
2007 -6.81% -1.83%
2006 -6.04% -1.94%
2005 -6.33% -1.67%
2004 -9.05% 0.61%
2003 -8.05% 1.43%
2002 -6.2% -0.28%
2001 -5.64% -0.72%
2000 -4.21% -3.45%
1999 -6.02% -1.76%
1998 -6.48% -3.25%
1997 -6.25% -0.98%
1996 -8.35% -3.26%
1995 -9.87% -2.97%
1994 -8.48% -5.37%
1993 -11.5% -8.46%
1992 -10.6% -2.27%
1991 -9.63% -3.52%
1990 -13.3% -1.65%
1989 -11.9% -2.18%
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/togo | 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 Togo's deficit of $791M, or 7.43% of GDP.

Over the past 36 years, Greece recorded a fiscal deficit in 32 of those years, while Togo ran a deficit in 33 years. On average, Greece posted an annual deficit equal to 6.64% of GDP, compared to deficit of 3.25% of GDP for Togo.

Inflation comparison by year

Inflation
Greece

Togo
1x
Year Consumer prices inflation
Greece Togo
2024 2.74% 2.86%
2023 3.46% 5.49%
2022 9.65% 7.97%
2021 1.22% 4.19%
2020 -1.25% 1.7%
2019 0.25% 0.67%
2018 0.63% 0.93%
2017 1.12% -0.98%
2016 -0.83% 1.29%
2015 -1.74% 2.59%
2014 -1.31% 0.19%
2013 -0.92% 1.83%
2012 1.5% 2.58%
2011 3.33% 3.56%
2010 4.71% 1.45%
2009 1.21% 3.71%
2008 4.15% 8.69%
2007 2.9% 0.95%
2006 3.2% 2.23%
2005 3.55% 6.78%
2004 2.9% 0.39%
2003 3.53% -0.93%
2002 3.63% 3.06%
2001 3.37% 3.92%
2000 3.15% 1.86%
1999 2.64% -0.05%
1998 4.77% 0.98%
1997 5.54% 8.25%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 2.72% in Togo. In 2024, inflation was 2.74% in Greece and 2.86% in Togo.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $3.06M
Raw materials & minerals $2.46M
Textiles & consumer goods $444K
Metals $180K
Processed food, beverages & tobacco $104K
Chemicals & pharma $87K
Animal & marine products $50K
Wood & paper products $43K
Miscellaneous $4K
Togo
Export category Export value
Machinery & equipment $895K
Processed food, beverages & tobacco $223K
Raw agricultural goods $42K
Chemicals & pharma $39K
Raw materials & minerals $17K
Metals $2K

Balance of trade

Greece Togo
Current account balance
-$18.2B
2024
-$20.7M
2020
Current account balance ranking
182/190
2024
79/190
2020
Current account balance, % of GDP
-7.11%
2024
-0.28%
2020
Goods imports
$91.2B
2024
$1.95B
2020
Goods exports
$52.6B
2024
$1.21B
2020
Service imports
$31.1B
2024
$438M
2020
Service exports
$55.8B
2024
$514M
2020
Imports of goods and services, % of GDP
47.7%
2024
38.1%
2024
Exports of goods and services, % of GDP
42.1%
2024
24.4%
2024

Economic freedom indices

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

Greece Togo
Economic freedom 63.2 51.6
Economic freedom ranking 82/197 153/197
Property rights 78 43.6
Government integrity 54.8 33.3
Judicial effectiveness 68 34
Tax burden 59.9 68.9
Government spending 24.7 79.2
Fiscal health 78.9 9.6
Business freedom 77.8 60.1
Labor freedom 59.7 51.9
Monetary freedom 72.6 72.5
Trade freedom 79.4 65.8
Investment freedom 55 60
Financial freedom 50 40

Economic freedom comparison by year

Greece
Togo
1x
Year Economic freedom index
Greece Togo
2026 63.2 51.6
2025 60.6 52.3
2024 55.1 50.9
2023 56.9 55.3
2022 61.5 57.2
2021 60.9 57.5
2020 59.9 54.1
2019 57.7 50.3
2018 57.3 47.8
2017 55 53.2
2016 53.2 53.6
2015 54 53
2014 55.7 49.9
2013 55.4 48.8
2012 55.4 48.3
2011 60.3 49.1
2010 62.7 47.1
2009 60.8 48.7
2008 60.6 48.9
2007 58.7 49.7
2006 60.1 47.3
2005 59 48.2
2004 59.1 47
2003 58.8 46.8
2002 59.1 45.2
2001 63.4 45.3
2000 61 46.4
1999 61 48.2
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/togo | CC BY

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 51.6 for Togo, ranking 153/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Togo
Services, % of GDP
68%
2024
49.2%
2024
Industry, % of GDP
15%
2024
20.4%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
21.3%
2024
GNI, Atlas method
$236B
2024
$10.3B
2024
GNI per capita, PPP
$43,340
2024
$3,380
2024
Total reserves including gold
$15.2B
2024
n/a
Total reserves ranking
67/177
2024
n/a
Net foreign direct investment
-$4.52B
2024
-$53.1M
2020
Net inflows of foreign direct investment
$6.74B
2024
$83.8M
2024
Net outflows of foreign direct investment
$2.22B
2024
-$73.4M
2024
Servicing debt to the IMF, % of GNI n/a
3.21%
2024
Poverty at national poverty lines
18.8%
2021
43.8%
2021
Gross capital formation, % of GDP
18.3%
2024
20.8%
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/togo | 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 (1880–2004, 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.

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.