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Economy of Greece vs Tonga compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $591M for Tonga, ranking 53/197 and 191/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $256M (37% of GDP) in Tonga.

Greece vs Tonga GDP by year

Greece
Tonga
1x
Year GDP, current $
Greece Tonga
2024 $256,238,371,778 -
2023 $242,946,187,738 $591,139,749
2022 $217,990,189,601 $556,514,555
2021 $218,303,801,895 $519,306,353
2020 $191,362,985,555 $506,571,468
2019 $207,305,649,887 $506,031,239
2018 $213,298,873,494 $493,530,783
2017 $200,381,103,984 $459,976,850
2016 $193,097,239,006 $420,828,262
2015 $194,567,373,678 $437,525,514
2014 $233,911,581,521 $440,997,738
2013 $236,556,279,641 $451,788,498
2012 $238,841,140,018 $471,122,971
2011 $283,228,079,776 $414,143,828
2010 $296,417,644,404 $366,887,375
2009 $326,829,054,686 $312,415,028
2008 $351,121,399,546 $344,438,844
2007 $314,226,996,944 $298,519,623
2006 $269,073,415,334 $292,232,703
2005 $242,315,668,619 $261,823,805
2004 $234,979,615,898 $230,678,011
2003 $196,930,509,813 $202,246,591
2002 $150,253,800,086 $182,764,281
2001 $132,050,474,720 $181,117,230
2000 $125,760,166,225 $204,848,488
1999 $137,131,371,955 $199,208,718
1998 $139,612,812,176 $191,504,893
1997 $138,766,067,640 $214,991,452
1996 $142,502,984,145 $222,100,576
1995 $134,974,613,914 $208,871,666
1994 $114,980,063,202 $195,990,986
1993 $107,295,704,518 $138,489,884
1992 $114,608,178,405 $137,066,291
1991 $103,680,863,713 $132,201,141
1990 $96,529,587,274 $113,563,822
1989 $78,067,933,277 $106,344,855
1988 $75,200,610,137 $106,657,267
1987 $64,739,630,096 $81,667,133
1986 $55,595,445,472 $68,195,856
1985 $47,155,741,426 $60,058,663
1984 $47,352,146,312 $64,248,355
1983 $48,741,397,059 $60,863,964
1982 $53,858,346,939 $62,068,161
1981 $51,618,456,335 $62,242,013
1980 $56,039,256,595 $53,260,077
1979 $53,724,121,435 $44,667,002
1978 $43,654,480,519 $41,567,472
1977 $35,673,080,481 $34,139,388
1976 $30,719,552,239 $30,036,417
1975 $28,129,128,587 $32,506,742
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/tonga | CC BY

GDP per capita in Greece vs Tonga by year

Greece
GDP per capita

GDP per capita, PPP
Tonga
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Tonga
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 - -
2023 $23,344 $42,711 $5,652 $7,803
2022 $20,887 $39,612 $5,298 $7,296
2021 $20,655 $33,531 $4,923 $6,929
2020 $17,887 $29,533 $4,792 $6,676
2019 $19,335 $31,927 $4,789 $6,473
2018 $19,873 $29,792 $4,675 $6,393
2017 $18,632 $28,682 $4,366 $6,229
2016 $17,919 $27,505 $3,988 $5,920
2015 $17,981 $26,608 $4,124 $5,472
2014 $21,475 $26,450 $4,137 $5,336
2013 $21,573 $25,731 $4,219 $5,120
2012 $21,624 $24,583 $4,384 $4,996
2011 $25,505 $25,693 $3,850 $4,855
2010 $26,653 $27,839 $3,416 $4,465
2009 $29,425 $29,963 $2,914 $4,384
2008 $31,696 $30,441 $3,218 $4,600
2007 $28,441 $28,896 $2,797 $4,316
2006 $24,416 $28,076 $2,750 $4,327
2005 $22,054 $25,004 $2,478 $4,315
2004 $21,449 $24,826 $2,195 $4,235
2003 $18,021 $23,253 $1,936 $4,231
2002 $13,782 $21,985 $1,759 $4,171
2001 $12,157 $20,304 $1,754 $3,955
2000 $11,638 $18,820 $1,995 $3,834
1999 $12,743 $17,758 $1,952 $3,636
1998 $13,023 $17,434 $1,889 $3,527
1997 $13,016 $16,630 $2,136 $3,434
1996 $13,433 $15,778 $2,215 $3,410
1995 $12,779 $15,218 $2,084 $3,347
1994 $10,937 $14,667 $1,957 $3,088
1993 $10,257 $14,150 $1,383 $2,882
1992 $11,021 $14,130 $1,370 $2,716
1991 $10,047 $13,824 $1,323 $2,652
1990 $9,467 $13,126 $1,139 $2,416
1989 $7,738 - $1,070 -
1988 $7,492 - $1,078 -
1987 $6,474 - $830 -
1986 $5,578 - $696 -
1985 $4,747 - $613 -
1984 $4,785 - $656 -
1983 $4,950 - $621 -
1982 $5,502 - $633 -
1981 $5,305 - $636 -
1980 $5,812 - $545 -
1979 $5,627 - $458 -
1978 $4,629 - $428 -
1977 $3,832 - $353 -
1976 $3,343 - $315 -
1975 $3,109 - $349 -
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/tonga | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $5,652 in Tonga, ranking 115/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Tonga ranks 144th at $7,803.

Economic indicators

Greece Tonga
Gross domestic product
$256B
2024
$591M
2023
GDP rank
53/197
2024
191/197
2023
GDP growth
2.09%
2023-2024
2.79%
2022-2023
GDP per capita
$24,626
2024
$5,652
2023
GDP per capita rank
49/197
2024
115/197
2023
GDP per capita, PPP
$44,327
2024
$7,803
2023
GDP per capita PPP rank
52/197
2024
144/197
2023
Government debt
$397B
2024
$256M
2023
Debt-to-GDP ratio
154.8%
2024
37%
2024
Government debt per person
$38,119
2024
$2,445
2023
Government debt per person rank
16/185
2024
111/185
2023
Average annual personal income after taxes
$14,396
2026
$3,886
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
22%
2021
Income share by poorest 10%
2.7%
2023
4%
2021
Government expenditure, % of GDP
48%
2024
51.3%
2024
Consumer prices inflation
2.74%
2023-2024
3.18%
2023-2024
Unemployment rate
10%
2024
1.65%
2023
Population
10181414
103309

Spending and national debt comparison by year

Greece
Spending

Debt
Tonga
Spending

Debt
1x
Year % of GDP
Greece Tonga
Government spending Government debt Government spending Government debt
2024 48% 154.8% 51.3% 37%
2023 49.5% 165.2% 48.2% 43.3%
2022 52.8% 178.4% 44.4% 43.2%
2021 56.7% 197.8% 44.6% 43%
2020 59.3% 209.9% 37.9% 42.6%
2019 47.6% 183.7% 39.9% 42.8%
2018 48.6% 189.6% 39.6% 45.8%
2017 48.5% 182.6% 39.7% 44.7%
2016 50.3% 183.7% 37.2% 49.4%
2015 51.9% 180% 37.4% 51.1%
2014 51.5% 182.8% 31.5% 47.4%
2013 53% 180.5% 34.3% 48.9%
2012 54.9% 164.3% 32% 60%
2011 55.1% 175.1% 32.6% 51.9%
2010 53.1% 147.8% 28.4% 44.7%
2009 54.8% 128.5% 23.9% 39.7%
2008 51.5% 110.9% 24% 34%
2007 47.8% 104.6% 23.2% 37.8%
2006 45.9% 105.3% 25.6% 39.6%
2005 46.6% 109.9% 19.8% 43.3%
2004 48.8% 105.5% 19.3% 52.2%
2003 47.9% 104.3% 20% 56.2%
2002 47.1% 107.9% 21.3% 60.7%
2001 47.5% 110.5% 19.1% 53.4%
2000 48.2% 108.9% 20% 43.6%
1999 48% 102.8% 18.8% 38.4%
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/tonga | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Tonga spent $285M, or 51.3% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 37% in Tonga, ranking 7/185 and 142/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Tonga
1x
Year Deficit/surplus, % of GDP
Greece Tonga
2024 1.34% 4.17%
2023 -1.35% 6.14%
2022 -2.46% -0.1%
2021 -7.58% -0.87%
2020 -10.3% 5.25%
2019 -0.09% 3.28%
2018 0.78% 2.92%
2017 1.05% 3.58%
2016 0.28% 1.47%
2015 -3.03% -2.75%
2014 -4.29% 6.38%
2013 -4.06% -1.3%
2012 -6.94% -1.74%
2011 -10.5% -6.02%
2010 -11.4% -1.22%
2009 -15.4% 6.85%
2008 -10.3% 2.14%
2007 -6.81% 5.39%
2006 -6.04% 1.34%
2005 -6.33% 4.23%
2004 -9.05% 4.23%
2003 -8.05% 2.37%
2002 -6.2% 2.59%
2001 -5.64% 2.23%
2000 -4.21% 1.35%
1999 -6.02% 1.55%
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/tonga | 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 Tonga's surplus of $36.3M, or 6.14% of GDP.

Over the past 25 years, Greece recorded a fiscal deficit in 22 of those years, while Tonga ran a deficit in 7 years. On average, Greece posted an annual deficit equal to 5.76% of GDP, compared to surplus of 1.97% of GDP for Tonga.

Inflation comparison by year

Inflation
Greece

Tonga
1x
Year Consumer prices inflation
Greece Tonga
2024 2.74% 3.18%
2023 3.46% 6.35%
2022 9.65% 11%
2021 1.22% 5.64%
2020 -1.25% -0.35%
2019 0.25% 1.18%
2018 0.63% 5.03%
2017 1.12% 7.52%
2016 -0.83% 2.58%
2015 -1.74% -1.05%
2014 -1.31% 2.51%
2013 -0.92% 0.78%
2012 1.5% 1.15%
2011 3.33% 6.27%
2010 4.71% 3.53%
2009 1.21% 1.43%
2008 4.15% 10.4%
2007 2.9% 5.84%
2006 3.2% 6.15%
2005 3.55% 8.67%
2004 2.9% 11%
2003 3.53% 11.6%
2002 3.63% 10.4%
2001 3.37% 8.29%
2000 3.15% 6.33%
1999 2.64% 4.46%
1998 4.77% 3.27%
1997 5.54% 2.12%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 5.19% in Tonga. In 2024, inflation was 2.74% in Greece and 3.18% in Tonga.

Top exports between countries

Greece
Export category Export value
Metals $529K
Textiles & consumer goods $9K
Machinery & equipment $1K
Raw materials & minerals $1K
Tonga
Export category Export value

Balance of trade

Greece Tonga
Current account balance
-$18.2B
2024
-$43.5M
2024
Current account balance ranking
182/190
2024
83/190
2024
Current account balance, % of GDP
-7.11%
2024
-7.93%
2023
Goods imports
$91.2B
2024
$232M
2024
Goods exports
$52.6B
2024
$10.8M
2024
Service imports
$31.1B
2024
$161M
2024
Service exports
$55.8B
2024
$93.6M
2024
Imports of goods and services, % of GDP
47.7%
2024
64.9%
2023
Exports of goods and services, % of GDP
42.1%
2024
14.7%
2023

Economic freedom indices

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

Greece Tonga
Economic freedom 63.2 58.9
Economic freedom ranking 82/197 107/197
Property rights 78 71.1
Government integrity 54.8 45.1
Judicial effectiveness 68 64.9
Tax burden 59.9 85.6
Government spending 24.7 31
Fiscal health 78.9 97.3
Business freedom 77.8 59.2
Labor freedom 59.7 55.9
Monetary freedom 72.6 61
Trade freedom 79.4 75.4
Investment freedom 55 40
Financial freedom 50 20

Economic freedom comparison by year

Greece
Tonga
1x
Year Economic freedom index
Greece Tonga
2026 63.2 58.9
2025 60.6 58.5
2024 55.1 59.2
2023 56.9 60
2022 61.5 60.8
2021 60.9 57.5
2020 59.9 58.8
2019 57.7 57.7
2018 57.3 63.1
2017 55 63
2016 53.2 59.6
2015 54 59.3
2014 55.7 58.2
2013 55.4 56
2012 55.4 57
2011 60.3 55.8
2010 62.7 53.4
2009 60.8 54.1
2008 60.6 -
2007 58.7 -
2006 60.1 -
2005 59 -
2004 59.1 -
2003 58.8 -
2002 59.1 -
2001 63.4 -
2000 61 -
1999 61 -
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/tonga | CC BY

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 58.9 for Tonga, ranking 107/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Tonga
Services, % of GDP
68%
2024
50%
2023
Industry, % of GDP
15%
2024
14.9%
2023
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
19%
2023
GNI, Atlas method
$236B
2024
$619M
2023
GNI per capita, PPP
$43,340
2024
$8,400
2023
Total reserves including gold
$15.2B
2024
$377M
2024
Total reserves ranking
67/177
2024
163/177
2024
Net foreign direct investment
-$4.52B
2024
$13.3M
2024
Net inflows of foreign direct investment
$6.74B
2024
-$12.1M
2024
Net outflows of foreign direct investment
$2.22B
2024
$1.25M
2024
Servicing debt to the IMF, % of GNI n/a
2.76%
2023
Poverty at national poverty lines
18.8%
2021
20.6%
2021
Gross capital formation, % of GDP
18.3%
2024
25.9%
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/tonga | 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 (2022–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. 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.

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.