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Economy of Greece vs Ukraine compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $214B for Ukraine, ranking 52/197 and 57/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $233B (108.7% of GDP) in Ukraine.

Greece vs Ukraine GDP by year

Greece
Ukraine
1x
Year GDP, current $
Greece Ukraine
2025 $280,635,521,324 $214,233,312,784
2024 $256,238,371,778 $190,833,835,445
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 (1960–2025, retrieved 2026-07-08).

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
2025 $26,948 - $5,496 -
2024 $24,626 $44,327 $5,040 $18,549
2023 $23,344 $42,711 $4,803 $17,665
2022 $20,885 $39,612 $3,946 $14,770
2021 $20,653 $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 (1960–2025, retrieved 2026-07-08).

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

Greece's GDP per capita is $26,948, ranking 50/197, compared to $5,496 in Ukraine, ranking 118/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Ukraine ranks 101st at $18,549.

Economic indicators

Greece Ukraine
Gross domestic product
$281B
2025
$214B
2025
GDP rank
52/197
2025
57/197
2025
GDP growth
2.07%
2024-2025
1.82%
2024-2025
GDP per capita
$26,948
2025
$5,496
2025
GDP per capita rank
50/197
2025
118/197
2025
GDP per capita, PPP
$44,327
2024
$18,549
2024
GDP per capita PPP rank
52/197
2024
101/197
2024
Government debt
$409B
2025
$233B
2025
Debt-to-GDP ratio
145.7%
2025
108.7%
2025
Government debt per person
$39,257
2025
$5,977
2025
Government debt per person rank
19/185
2025
76/185
2025
Average annual personal income after taxes
$14,117
2026
$5,580
2026
Market capitalization of domestic companies
$129B
2025
$4.42B
2018
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
7
2026
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
49.7%
2025
74.5%
2025
Consumer prices inflation
2.48%
2024-2025
12.7%
2024-2025
Central bank interest rate n/a
15.5%
2025
Unemployment rate
8.84%
2025
9.83%
2021
Population
10371575
40408451

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
2025 49.7% 145.7% 74.5% 108.7%
2024 48.2% 155.4% 71.2% 89.7%
2023 49.6% 165.5% 73.4% 81.2%
2022 53.1% 179.2% 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% 46.3% 39%
2012 54.9% 164.3% 47.1% 36.1%
2011 55.1% 175.1% 44% 35.5%
2010 53.1% 147.8% 47.3% 39.1%
2009 54.8% 128.5% 46.8% 34.1%
2008 51.5% 110.9% 45.4% 19.7%
2007 47.8% 104.6% 42.1% 11.8%
2006 45.9% 105.3% 42.9% 14.3%
2005 46.6% 109.9% 42.6% 17.1%
2004 48.8% 105.5% 40.1% 23.9%
2003 47.9% 104.3% 37.5% 28.3%
2002 47.1% 107.9% 36.5% 32.3%
2001 47.5% 110.5% 35.3% 35.3%
2000 48.2% 108.9% 35.4% 43.7%
1999 48% 102.8% 26.7% 61%
1998 46.7% 100.8% 38.4% 48.1%
1997 45.1% 102.6% 42.2% 29.9%
1996 46.1% 103.7% 38.2% 24.4%
1995 46.6% 100.4% 42.7% 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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1996, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Ukraine spent $160B, or 74.5% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 108.7% in Ukraine, ranking 7/185 and 16/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Ukraine
1x
Year Deficit/surplus, % of GDP
Greece Ukraine
2025 1.26% -23.3%
2024 1.23% -17.2%
2023 -1.44% -19.3%
2022 -2.57% -15.6%
2021 -7.76% -3.97%
2020 -10.4% -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% -4.6%
2012 -6.94% -4.15%
2011 -10.5% -2.66%
2010 -11.4% -5.56%
2009 -15.4% -6.04%
2008 -10.3% -3.02%
2007 -6.81% -1.89%
2006 -6.04% -1.31%
2005 -6.33% -2.19%
2004 -9.05% -4.25%
2003 -8.05% -0.86%
2002 -6.2% -1.77%
2001 -5.64% -2.92%
2000 -4.21% -3.18%
1999 -6.02% 5.12%
1998 -6.48% -2.78%
1997 -6.25% -5.56%
1996 -8.35% -3.2%
1995 -9.87% -4.88%
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 2026-07-08); International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08).

GeoRank.org/economy/greece/ukraine | 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 Ukraine's deficit of $50B, or 23.3% of GDP.

Over the past 31 years, Greece recorded a fiscal deficit in 26 of those years, while Ukraine ran a deficit in 30 years. On average, Greece posted an annual deficit equal to 5.58% of GDP, compared to deficit of 5.02% of GDP for Ukraine.

Inflation comparison by year

Inflation
Greece

Ukraine
1x
Year Consumer prices inflation
Greece Ukraine
2025 2.48% 12.7%
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 (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 12.8% in Ukraine. In 2025, inflation was 2.48% in Greece and 12.7% in Ukraine.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $1.11B
Raw agricultural goods $49.8M
Processed food, beverages & tobacco $29.3M
Chemicals & pharma $26.7M
Metals $25.1M
Machinery & equipment $10.4M
Textiles & consumer goods $10.4M
Wood & paper products $2.65M
Animal & marine products $1.55M
Miscellaneous $1.24M
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
-$15.2B
2024
Current account balance ranking
183/190
2024
180/190
2024
Current account balance, % of GDP
-7.11%
2024
-7.96%
2024
Goods imports
$91.2B
2024
$72.3B
2024
Goods exports
$52.6B
2024
$39.3B
2024
Service imports
$31.1B
2024
$23.1B
2024
Service exports
$55.8B
2024
$17.3B
2024
Imports of goods and services, % of GDP
44%
2025
51.8%
2025
Exports of goods and services, % of GDP
39.5%
2025
25.3%
2025

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 2026-07-08).

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
67.4%
2025
61%
2025
Industry, % of GDP
15.2%
2025
17.9%
2025
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
7.57%
2025
GNI, Atlas method
$264B
2025
$201B
2025
GNI per capita, PPP
$44,310
2025
$18,750
2025
Total reserves including gold
$24B
2025
$57.3B
2025
Total reserves ranking
63/177
2025
43/177
2025
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
5.4%
2024
Poverty at national poverty lines
18.8%
2021
23.2%
2020
Gross capital formation, % of GDP
17.2%
2025
20.8%
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/ukraine | 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 (1880–1996, 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)
  6. TradeMap (2024–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.