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Economy of Greece vs Ukraine compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $191B for Ukraine, ranking 53/197 and 57/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $171B (89.7% of GDP) in Ukraine.

Greece vs Ukraine GDP by year

Greece
Ukraine
1x
Year GDP, current $
Greece Ukraine
2024 $256,238,371,778 $190,741,262,415
2023 $242,946,187,738 $181,221,517,869
2022 $217,990,189,601 $161,989,520,721
2021 $218,303,801,895 $199,765,859,571
2020 $191,362,985,555 $156,617,722,013
2019 $207,305,649,887 $153,883,047,510
2018 $213,298,873,494 $130,891,088,294
2017 $200,381,103,984 $112,090,505,082
2016 $193,097,239,006 $93,355,869,404
2015 $194,567,373,678 $91,030,967,789
2014 $233,911,581,521 $133,503,871,862
2013 $236,556,279,641 $190,498,811,460
2012 $238,841,140,018 $182,591,753,828
2011 $283,228,079,776 $169,333,835,202
2010 $296,417,644,404 $141,209,170,427
2009 $326,829,054,686 $121,552,153,444
2008 $351,121,399,546 $188,110,390,660
2007 $314,226,996,944 $148,733,861,386
2006 $269,073,415,334 $111,884,752,475
2005 $242,315,668,619 $89,238,865,119
2004 $234,979,615,898 $67,220,154,164
2003 $196,930,509,813 $52,010,355,753
2002 $150,253,800,086 $43,956,163,612
2001 $132,050,474,720 $39,309,580,983
2000 $125,760,166,225 $32,375,083,935
1999 $137,131,371,955 $31,580,639,554
1998 $139,612,812,176 $41,882,523,345
1997 $138,766,067,640 $50,151,531,592
1996 $142,502,984,145 $44,558,831,005
1995 $134,974,613,914 $48,213,856,469
1994 $114,980,063,202 $52,549,580,265
1993 $107,295,704,518 $65,648,559,903
1992 $114,608,178,405 $73,945,908,384
1991 $103,680,863,713 $77,350,733,982
1990 $96,529,587,274 $81,393,558,423
1989 $78,067,933,277 $82,709,161,099
1988 $75,200,610,137 $74,703,517,903
1987 $64,739,630,096 $64,087,694,038
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/ukraine | CC BY

GDP per capita in Greece vs Ukraine by year

Greece
GDP per capita

GDP per capita, PPP
Ukraine
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Ukraine
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $5,038 $18,550
2023 $23,344 $42,711 $4,803 $17,665
2022 $20,887 $39,612 $3,946 $14,770
2021 $20,655 $33,531 $4,510 $17,846
2020 $17,887 $29,533 $3,505 $15,541
2019 $19,335 $31,927 $3,423 $14,217
2018 $19,873 $29,792 $2,895 $12,555
2017 $18,632 $28,682 $2,467 $11,536
2016 $17,919 $27,505 $2,047 $10,865
2015 $17,981 $26,608 $1,988 $9,922
2014 $21,475 $26,450 $2,904 $10,494
2013 $21,573 $25,731 $4,130 $10,904
2012 $21,624 $24,583 $3,951 $9,552
2011 $25,505 $25,693 $3,657 $9,127
2010 $26,653 $27,839 $3,040 $8,453
2009 $29,425 $29,963 $2,607 $7,995
2008 $31,696 $30,441 $4,018 $9,324
2007 $28,441 $28,896 $3,160 $8,900
2006 $24,416 $28,076 $2,366 $7,971
2005 $22,054 $25,004 $1,875 $7,142
2004 $21,449 $24,826 $1,401 $6,663
2003 $18,021 $23,253 $1,076 $5,764
2002 $13,782 $21,985 $903 $5,123
2001 $12,157 $20,304 $800 $4,747
2000 $11,638 $18,820 $653 $4,228
1999 $12,743 $17,758 $632 $3,871
1998 $13,023 $17,434 $831 $3,794
1997 $13,016 $16,630 $987 $3,794
1996 $13,433 $15,778 $870 $3,812
1995 $12,779 $15,218 $933 $4,124
1994 $10,937 $14,667 $1,009 $4,565
1993 $10,257 $14,150 $1,254 $5,766
1992 $11,021 $14,130 $1,413 $6,568
1991 $10,047 $13,824 $1,483 $7,148
1990 $9,467 $13,126 $1,564 $7,591
1989 $7,738 - $1,593 -
1988 $7,492 - $1,444 -
1987 $6,474 - $1,244 -
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/ukraine | CC BY

Greece's GDP per capita is $24,626, ranking 49/197, compared to $5,038 in Ukraine, ranking 120/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Ukraine ranks 101st at $18,550.

Economic indicators

Greece Ukraine
Gross domestic product
$256B
2024
$191B
2024
GDP rank
53/197
2024
57/197
2024
GDP growth
2.09%
2023-2024
2.91%
2023-2024
GDP per capita
$24,626
2024
$5,038
2024
GDP per capita rank
49/197
2024
120/197
2024
GDP per capita, PPP
$44,327
2024
$18,550
2024
GDP per capita PPP rank
52/197
2024
101/197
2024
Government debt
$397B
2024
$171B
2024
Debt-to-GDP ratio
154.8%
2024
89.7%
2024
Government debt per person
$38,119
2024
$4,520
2024
Government debt per person rank
16/185
2024
86/185
2024
Average annual personal income after taxes
$14,396
2026
$5,370
2026
Market capitalization of domestic companies
$83.2B
2024
$4.42B
2018
Number of billionaires
16
2025
7
2025
Income share by richest 10%
26%
2023
21.7%
2020
Income share by poorest 10%
2.7%
2023
4.3%
2020
Government expenditure, % of GDP
48%
2024
71.3%
2024
Consumer prices inflation
2.74%
2023-2024
6.5%
2023-2024
Central bank interest rate n/a
15.5%
2025
Unemployment rate
10%
2024
9.83%
2021
Population
10181414
40125599

Spending and national debt comparison by year

Greece
Spending

Debt
Ukraine
Spending

Debt
1x
Year % of GDP
Greece Ukraine
Government spending Government debt Government spending Government debt
2024 48% 154.8% 71.3% 89.7%
2023 49.5% 165.2% 73.4% 81.2%
2022 52.8% 178.4% 65.4% 77.7%
2021 56.7% 197.8% 40.5% 48.9%
2020 59.3% 209.9% 45.6% 60.5%
2019 47.6% 183.7% 41.5% 50.5%
2018 48.6% 189.6% 41.9% 60.4%
2017 48.5% 182.6% 41.7% 71.6%
2016 50.3% 183.7% 40.8% 79.5%
2015 51.9% 180% 43% 79.3%
2014 51.5% 182.8% 44.8% 70.3%
2013 53% 180.5% 48.1% 40.5%
2012 54.9% 164.3% 49% 37.5%
2011 55.1% 175.1% 45.7% 36.9%
2010 53.1% 147.8% 49.2% 40.6%
2009 54.8% 128.5% 48.6% 35.4%
2008 51.5% 110.9% 47.1% 20.4%
2007 47.8% 104.6% 43.7% 12.3%
2006 45.9% 105.3% 44.6% 14.8%
2005 46.6% 109.9% 44.2% 17.7%
2004 48.8% 105.5% 41.6% 24.8%
2003 47.9% 104.3% 38.9% 29.4%
2002 47.1% 107.9% 37.9% 33.6%
2001 47.5% 110.5% 36.7% 36.7%
2000 48.2% 108.9% 35.5% 43.8%
1999 48% 102.8% 25.8% 59%
1998 46.7% 100.8% 37.1% 46.5%
1997 45.1% 102.6% 40.8% 28.9%
1996 46.1% 103.7% 36.9% 24.4%
1995 46.6% 100.4% 41.3% 30.2%
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 (1960–1996, retrieved 2026-02-20).

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

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Ukraine spent $136B, or 71.3% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 89.7% in Ukraine, ranking 7/185 and 33/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Ukraine
1x
Year Deficit/surplus, % of GDP
Greece Ukraine
2024 1.34% -17.2%
2023 -1.35% -19.3%
2022 -2.46% -15.6%
2021 -7.58% -3.97%
2020 -10.3% -5.92%
2019 -0.09% -2.08%
2018 0.78% -2.12%
2017 1.05% -2.36%
2016 0.28% -2.46%
2015 -3.03% -1.16%
2014 -4.29% -4.46%
2013 -4.06% -4.78%
2012 -6.94% -4.31%
2011 -10.5% -2.76%
2010 -11.4% -5.77%
2009 -15.4% -6.27%
2008 -10.3% -3.14%
2007 -6.81% -1.97%
2006 -6.04% -1.36%
2005 -6.33% -2.28%
2004 -9.05% -4.41%
2003 -8.05% -0.89%
2002 -6.2% -1.84%
2001 -5.64% -3.03%
2000 -4.21% -3.19%
1999 -6.02% 4.95%
1998 -6.48% -2.69%
1997 -6.25% -5.37%
1996 -8.35% -3.09%
1995 -9.87% -4.72%
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/ukraine | 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 Ukraine's deficit of $32.8B, or 17.2% of GDP.

Over the past 30 years, Greece recorded a fiscal deficit in 26 of those years, while Ukraine ran a deficit in 29 years. On average, Greece posted an annual deficit equal to 5.79% of GDP, compared to deficit of 4.45% of GDP for Ukraine.

Inflation comparison by year

Inflation
Greece

Ukraine
1x
Year Consumer prices inflation
Greece Ukraine
2024 2.74% 6.5%
2023 3.46% 12.9%
2022 9.65% 20.2%
2021 1.22% 9.4%
2020 -1.25% 2.7%
2019 0.25% 7.9%
2018 0.63% 10.9%
2017 1.12% 14.4%
2016 -0.83% 13.9%
2015 -1.74% 48.7%
2014 -1.31% 12.1%
2013 -0.92% -0.3%
2012 1.5% 0.6%
2011 3.33% 8%
2010 4.71% 9.4%
2009 1.21% 15.9%
2008 4.15% 25.2%
2007 2.9% 12.8%
2006 3.2% 9.1%
2005 3.55% 13.5%
2004 2.9% 9%
2003 3.53% 5.2%
2002 3.63% 0.8%
2001 3.37% 12%
2000 3.15% 28.2%
1999 2.64% 22.7%
1998 4.77% 10.6%
1997 5.54% 15.9%

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

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

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 12.8% in Ukraine. In 2024, inflation was 2.74% in Greece and 6.5% in Ukraine.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $1.19B
Raw agricultural goods $48.8M
Processed food, beverages & tobacco $29.1M
Chemicals & pharma $27.8M
Metals $23.3M
Machinery & equipment $16.2M
Textiles & consumer goods $6.09M
Wood & paper products $2.01M
Miscellaneous $1.87M
Animal & marine products $1.18M
Ukraine
Export category Export value
Raw agricultural goods $203M
Metals $98.1M
Processed food, beverages & tobacco $51.4M
Animal & marine products $23.1M
Textiles & consumer goods $13.9M
Wood & paper products $12.8M
Machinery & equipment $4.99M
Chemicals & pharma $1.6M
Raw materials & minerals $598K
Miscellaneous $10K

Balance of trade

Greece Ukraine
Current account balance
-$18.2B
2024
-$15.1B
2024
Current account balance ranking
182/190
2024
179/190
2024
Current account balance, % of GDP
-7.11%
2024
-7.94%
2024
Goods imports
$91.2B
2024
$72.3B
2024
Goods exports
$52.6B
2024
$39.3B
2024
Service imports
$31.1B
2024
$22.9B
2024
Service exports
$55.8B
2024
$17.3B
2024
Imports of goods and services, % of GDP
47.7%
2024
48.3%
2024
Exports of goods and services, % of GDP
42.1%
2024
29.4%
2024

Economic freedom indices

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

Greece Ukraine
Economic freedom 63.2 54.1
Economic freedom ranking 82/197 135/197
Property rights 78 21.6
Government integrity 54.8 35
Judicial effectiveness 68 28.2
Tax burden 59.9 83.7
Government spending 24.7 0
Fiscal health 78.9 3.9
Business freedom 77.8 57.4
Labor freedom 59.7 46.9
Monetary freedom 72.6 65.7
Trade freedom 79.4 73
Investment freedom 55 35
Financial freedom 50 30

Economic freedom comparison by year

Greece
Ukraine
1x
Year Economic freedom index
Greece Ukraine
2026 63.2 -
2025 60.6 -
2024 55.1 -
2023 56.9 -
2022 61.5 54.1
2021 60.9 56.2
2020 59.9 54.9
2019 57.7 52.3
2018 57.3 51.9
2017 55 48.1
2016 53.2 46.8
2015 54 46.9
2014 55.7 49.3
2013 55.4 46.3
2012 55.4 46.1
2011 60.3 45.8
2010 62.7 46.4
2009 60.8 48.8
2008 60.6 51
2007 58.7 51.5
2006 60.1 54.4
2005 59 55.8
2004 59.1 53.7
2003 58.8 51.1
2002 59.1 48.2
2001 63.4 48.5
2000 61 47.8
1999 61 43.7
1998 60.6 40.4
1997 59.6 43.5
1996 60.5 40.6
1995 61.2 39.9

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 54.1 for Ukraine, ranking 135/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Ukraine
Services, % of GDP
68%
2024
60.6%
2024
Industry, % of GDP
15%
2024
19%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
7.11%
2024
GNI, Atlas method
$236B
2024
$184B
2024
GNI per capita, PPP
$43,340
2024
$18,560
2024
Total reserves including gold
$15.2B
2024
$43.8B
2024
Total reserves ranking
67/177
2024
46/177
2024
Net foreign direct investment
-$4.52B
2024
-$3.71B
2024
Net inflows of foreign direct investment
$6.74B
2024
$4.02B
2024
Net outflows of foreign direct investment
$2.22B
2024
$305M
2024
Servicing debt to the IMF, % of GNI n/a
5.42%
2024
Poverty at national poverty lines
18.8%
2021
23.2%
2020
Gross capital formation, % of GDP
18.3%
2024
18.6%
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/ukraine | 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 (1880–1996, 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 (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.