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Economy of Greece vs Vanuatu compared: GDP & Debt

Updated on by Georank

Greece has a GDP of $281B compared to $1.35B for Vanuatu, ranking 52/197 and 185/197 by economy size, respectively.

Greece has $409B in government debt (145.7% of GDP), compared to $554M (40.9% of GDP) in Vanuatu.

Greece vs Vanuatu GDP by year

Greece
Vanuatu
1x
Year GDP, current $
Greece Vanuatu
2025 $280,635,521,324 $1,353,658,841
2024 $256,238,371,778 $1,297,956,615
2023 $242,946,187,738 $1,188,137,265
2022 $217,990,189,601 $1,151,863,790
2021 $218,303,801,895 $1,093,826,089
2020 $191,362,985,555 $1,017,403,363
2019 $207,305,649,887 $1,061,547,513
2018 $213,298,873,494 $1,034,402,941
2017 $200,381,103,984 $998,536,155
2016 $193,097,239,006 $908,725,513
2015 $194,567,373,678 $855,360,240
2014 $233,911,581,521 $879,185,478
2013 $236,556,279,641 $863,347,172
2012 $238,841,140,018 $747,839,698
2011 $283,228,079,776 $770,153,588
2010 $296,417,644,404 $670,712,980
2009 $326,829,054,686 $592,622,319
2008 $351,121,399,546 $590,748,429
2007 $314,226,996,944 $516,392,923
2006 $269,073,415,334 $439,358,587
2005 $242,315,668,619 $394,962,433
2004 $234,979,615,898 $364,996,869
2003 $196,930,509,813 $314,471,413
2002 $150,253,800,086 $262,596,536
2001 $132,050,474,720 $257,926,882
2000 $125,760,166,225 $272,014,628
1999 $137,131,371,955 $268,006,973
1998 $139,612,812,176 $262,293,411
1997 $138,766,067,640 $272,771,209
1996 $142,502,984,145 $261,370,044
1995 $134,974,613,914 $249,333,250
1994 $114,980,063,202 $233,701,301
1993 $107,295,704,518 $200,491,853
1992 $114,608,178,405 $209,088,825
1991 $103,680,863,713 $201,334,169
1990 $96,529,587,274 $168,879,207
1989 $78,067,933,277 $154,013,202
1988 $75,200,610,137 $158,351,368
1987 $64,739,630,096 $139,464,174
1986 $55,595,445,472 $126,498,935
1985 $47,155,741,426 $131,856,421
1984 $47,352,146,312 $144,482,515
1983 $48,741,397,059 $117,389,554
1982 $53,858,346,939 $114,501,913
1981 $51,618,456,335 $113,781,796
1980 $56,039,256,595 $121,185,498
1979 $53,724,121,435 $119,258,835
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/vanuatu | CC BY

GDP per capita in Greece vs Vanuatu by year

Greece
GDP per capita

GDP per capita, PPP
Vanuatu
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Vanuatu
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $26,948 - $4,039 -
2024 $24,626 $44,327 $3,960 $3,606
2023 $23,344 $42,711 $3,708 $3,568
2022 $20,885 $39,612 $3,680 $3,453
2021 $20,653 $33,531 $3,576 $3,136
2020 $17,887 $29,533 $3,404 $3,118
2019 $19,335 $31,927 $3,636 $3,315
2018 $19,873 $29,792 $3,626 $3,233
2017 $18,632 $28,682 $3,585 $3,146
2016 $17,919 $27,505 $3,340 $3,030
2015 $17,981 $26,608 $3,214 $2,966
2014 $21,475 $26,450 $3,378 $2,890
2013 $21,573 $25,731 $3,393 $2,832
2012 $21,624 $24,583 $3,005 $2,834
2011 $25,505 $25,693 $3,163 $2,816
2010 $26,653 $27,839 $2,815 $2,733
2009 $29,425 $29,963 $2,546 $2,730
2008 $31,696 $30,441 $2,604 $2,701
2007 $28,441 $28,896 $2,334 $2,573
2006 $24,416 $28,076 $2,035 $2,496
2005 $22,054 $25,004 $1,874 $2,287
2004 $21,449 $24,826 $1,774 $2,157
2003 $18,021 $23,253 $1,567 $2,070
2002 $13,782 $21,985 $1,341 $1,995
2001 $12,157 $20,304 $1,350 $2,125
2000 $11,638 $18,820 $1,460 $2,206
1999 $12,743 $17,758 $1,472 $2,084
1998 $13,023 $17,434 $1,471 $2,091
1997 $13,016 $16,630 $1,562 $2,087
1996 $13,433 $15,778 $1,529 $1,998
1995 $12,779 $15,218 $1,492 $1,961
1994 $10,937 $14,667 $1,431 $1,946
1993 $10,257 $14,150 $1,257 $1,789
1992 $11,021 $14,130 $1,344 $1,777
1991 $10,047 $13,824 $1,326 $1,737
1990 $9,467 $13,126 $1,141 $1,670
1989 $7,738 - $1,067 -
1988 $7,492 - $1,125 -
1987 $6,474 - $1,017 -
1986 $5,578 - $946 -
1985 $4,747 - $1,012 -
1984 $4,785 - $1,137 -
1983 $4,950 - $947 -
1982 $5,502 - $946 -
1981 $5,305 - $962 -
1980 $5,812 - $1,048 -
1979 $5,627 - $1,055 -
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/vanuatu | CC BY

Greece's GDP per capita is $26,948, ranking 50/197, compared to $4,039 in Vanuatu, ranking 133/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Vanuatu ranks 170th at $3,606.

Economic indicators

Greece Vanuatu
Gross domestic product
$281B
2025
$1.35B
2025
GDP rank
52/197
2025
185/197
2025
GDP growth
2.07%
2024-2025
3.05%
2024-2025
GDP per capita
$26,948
2025
$4,039
2025
GDP per capita rank
50/197
2025
133/197
2025
GDP per capita, PPP
$44,327
2024
$3,606
2024
GDP per capita PPP rank
52/197
2024
170/197
2024
Government debt
$409B
2025
$554M
2025
Debt-to-GDP ratio
145.7%
2025
40.9%
2025
Government debt per person
$39,257
2025
$1,654
2025
Government debt per person rank
19/185
2025
125/185
2025
Average annual personal income after taxes
$14,117
2026
$2,801
2026
Market capitalization of domestic companies
$129B
2025
n/a
Number of millionaires
82,000
2026
n/a
Number of billionaires
16
2026
n/a
Income share by richest 10%
26%
2023
24.7%
2019
Income share by poorest 10%
2.7%
2023
3%
2019
Government expenditure, % of GDP
49.7%
2025
35.5%
2025
Consumer prices inflation
2.48%
2024-2025
0.66%
2024-2025
Unemployment rate
8.84%
2025
1.41%
2025
Population
10371575
346488

Spending and national debt comparison by year

Greece
Spending

Debt
Vanuatu
Spending

Debt
1x
Year % of GDP
Greece Vanuatu
Government spending Government debt Government spending Government debt
2025 49.7% 145.7% 35.5% 40.9%
2024 48.2% 155.4% 33.1% 39.1%
2023 49.6% 165.5% 38.9% 39.2%
2022 53.1% 179.2% 38.5% 39.2%
2021 56.7% 197.8% 38.6% 42.2%
2020 59.3% 209.9% 38.8% 42.9%
2019 47.6% 183.7% 35.1% 39.8%
2018 48.6% 189.6% 29.4% 40%
2017 48.5% 182.6% 32.7% 46.4%
2016 50.3% 183.7% 31.2% 37.6%
2015 51.9% 180% 38.1% 32.2%
2014 51.5% 182.8% 20.5% 17.8%
2013 53% 180.5% 20.1% 16.4%
2012 54.9% 164.3% 22.1% 17.4%
2011 55.1% 175.1% 22.7% 19.3%
2010 53.1% 147.8% 25.6% 18.3%
2009 54.8% 128.5% 24.9% 19.1%
2008 51.5% 110.9% 25.1% 19.2%
2007 47.8% 104.6% 20.3% 17.6%
2006 45.9% 105.3% 18.2% 20%
2005 46.6% 109.9% 16.5% 23.8%
2004 48.8% 105.5% 16.7% 27.5%
2003 47.9% 104.3% 17% 34.6%
2002 47.1% 107.9% 20.2% 35.1%
2001 47.5% 110.5% 20.2% 33.5%
2000 48.2% 108.9% 23% 32.6%
1999 48% 102.8% 21.6% 27.7%
1998 46.7% 100.8% 25.2% 25.4%
1997 45.1% 102.6% 20.1% 20.7%
1996 46.1% 103.7% 22.1% 20.8%
1995 46.6% 100.4% 25.3% 21.8%
1994 36.9% 99.7% 22% 19.5%
1993 38.6% 101.7% 23.7% 18.3%
1992 36.9% 81.1% 28.8% 19%
1991 35.2% 75.7% 30% 14.4%
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 (1960–1989, retrieved 2026-07-08).

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

In 2025, Greece's government spending was $139B, accounting for 49.7% of its GDP, while Vanuatu spent $480M, or 35.5% of GDP.

Debt-to-GDP ratio is 145.7% in Greece and 40.9% in Vanuatu, ranking 7/185 and 131/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Vanuatu
1x
Year Deficit/surplus, % of GDP
Greece Vanuatu
2025 1.26% -3.88%
2024 1.23% -2.46%
2023 -1.44% -0.78%
2022 -2.57% -5.96%
2021 -7.76% 2.07%
2020 -10.4% -1.74%
2019 -0.09% 2.48%
2018 0.78% 5.53%
2017 1.05% -1.06%
2016 0.28% -0.64%
2015 -3.03% -8.13%
2014 -4.29% 1.26%
2013 -4.06% -0.22%
2012 -6.94% -1.54%
2011 -10.5% -1.98%
2010 -11.4% -2.38%
2009 -15.4% -0.76%
2008 -10.3% -0.04%
2007 -6.81% 0.25%
2006 -6.04% 0.44%
2005 -6.33% 1.68%
2004 -9.05% 0.72%
2003 -8.05% -1.22%
2002 -6.2% -3.29%
2001 -5.64% -3.01%
2000 -4.21% -5.67%
1999 -6.02% -0.5%
1998 -6.48% -6.01%
1997 -6.25% -0.46%
1996 -8.35% -1.61%
1995 -9.87% -2.34%
1994 -8.48% -1.35%
1993 -11.5% -3.32%
1992 -10.6% -2.1%
1991 -9.63% -2.54%
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/vanuatu | 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 Vanuatu's deficit of $52.6M, or 3.88% of GDP.

Over the past 35 years, Greece recorded a fiscal deficit in 30 of those years, while Vanuatu ran a deficit in 27 years. On average, Greece posted an annual deficit equal to 6.09% of GDP, compared to deficit of 1.44% of GDP for Vanuatu.

Inflation comparison by year

Inflation
Greece

Vanuatu
1x
Year Consumer prices inflation
Greece Vanuatu
2025 2.48% 0.66%
2024 2.74% 1.14%
2023 3.46% 11.2%
2022 9.65% 6.68%
2021 1.22% 2.34%
2020 -1.25% 5.33%
2019 0.25% 2.76%
2018 0.63% 2.33%
2017 1.12% 3.08%
2016 -0.83% 0.84%
2015 -1.74% 2.48%
2014 -1.31% 0.8%
2013 -0.92% 1.46%
2012 1.5% 1.35%
2011 3.33% 0.87%
2010 4.71% 2.76%
2009 1.21% 4.3%
2008 4.15% 4.84%
2007 2.9% 3.94%
2006 3.2% 2.04%
2005 3.55% 1.2%
2004 2.9% 1.42%
2003 3.53% 3.02%
2002 3.63% 1.96%
2001 3.37% 3.58%
2000 3.15% 2.54%
1999 2.64% 2%
1998 4.77% 3.28%
1997 5.54% 2.83%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 2.86% in Vanuatu. In 2025, inflation was 2.48% in Greece and 0.66% in Vanuatu.

Top exports between countries

Greece
Export category Export value
Raw materials & minerals $1.15M
Miscellaneous $52K
Processed food, beverages & tobacco $40K
Chemicals & pharma $36K
Machinery & equipment $28K
Metals $10K
Animal & marine products $4K
Weapons & explosives $3K
Raw agricultural goods $1K
Vanuatu
Export category Export value

Balance of trade

Greece Vanuatu
Current account balance
-$18.2B
2024
-$127M
2022
Current account balance ranking
183/190
2024
83/190
2022
Current account balance, % of GDP
-7.11%
2024
-11.1%
2022
Goods imports
$91.2B
2024
$350M
2022
Goods exports
$52.6B
2024
$73.6M
2022
Service imports
$31.1B
2024
$230M
2022
Service exports
$55.8B
2024
$78.5M
2022
Imports of goods and services, % of GDP
44%
2025
48%
2024
Exports of goods and services, % of GDP
39.5%
2025
25.3%
2024

Economic freedom indices

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

Greece Vanuatu
Economic freedom 63.2 61.1
Economic freedom ranking 82/197 92/197
Property rights 78 62.1
Government integrity 54.8 48.3
Judicial effectiveness 68 67.9
Tax burden 59.9 96.9
Government spending 24.7 48.1
Fiscal health 78.9 78.8
Business freedom 77.8 50.3
Labor freedom 59.7 41
Monetary freedom 72.6 72.1
Trade freedom 79.4 62
Investment freedom 55 65
Financial freedom 50 40

Economic freedom comparison by year

Greece
Vanuatu
1x
Year Economic freedom index
Greece Vanuatu
2026 63.2 61.1
2025 60.6 61.8
2024 55.1 62.2
2023 56.9 62.1
2022 61.5 62.9
2021 60.9 60.5
2020 59.9 60.7
2019 57.7 56.4
2018 57.3 69.5
2017 55 67.4
2016 53.2 60.8
2015 54 61.1
2014 55.7 59.5
2013 55.4 56.6
2012 55.4 56.6
2011 60.3 56.7
2010 62.7 56.4
2009 60.8 58.4
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 2026-07-08).

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 61.1 for Vanuatu, ranking 92/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Vanuatu
Services, % of GDP
67.4%
2025
56.8%
2024
Industry, % of GDP
15.2%
2025
10.1%
2024
Agriculture, forestry, and fishing, % of GDP
3.57%
2025
26.6%
2024
GNI, Atlas method
$264B
2025
$1.48B
2025
GNI per capita, PPP
$44,310
2025
$4,970
2025
Total reserves including gold
$24B
2025
$615M
2024
Total reserves ranking
63/177
2025
152/177
2024
Net foreign direct investment
-$4.52B
2024
-$9.21M
2022
Net inflows of foreign direct investment
$6.74B
2024
$28.9M
2024
Net outflows of foreign direct investment
$2.22B
2024
$2.79M
2024
Servicing debt to the IMF, % of GNI n/a
1.88%
2024
Poverty at national poverty lines
18.8%
2021
15.9%
2020
Gross capital formation, % of GDP
17.2%
2025
26.1%
2024

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/vanuatu | 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 (1880–1989, 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 (2022–2025, 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.