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Economy of Greece vs Zambia compared: GDP & Debt

Updated on by Georank team

Greece has a GDP of $256B compared to $25.3B for Zambia, ranking 53/197 and 116/197 by economy size, respectively.

Greece has $397B in government debt (154.8% of GDP), compared to $29.1B (114.9% of GDP) in Zambia.

Greece vs Zambia GDP by year

Greece
Zambia
1x
Year GDP, current $
Greece Zambia
2024 $256,238,371,778 $25,303,185,342
2023 $242,946,187,738 $27,577,956,471
2022 $217,990,189,601 $29,163,782,140
2021 $218,303,801,895 $22,096,416,932
2020 $191,362,985,555 $18,137,764,931
2019 $207,305,649,887 $23,308,667,781
2018 $213,298,873,494 $26,311,507,274
2017 $200,381,103,984 $25,873,601,261
2016 $193,097,239,006 $20,958,412,538
2015 $194,567,373,678 $21,251,216,799
2014 $233,911,581,521 $27,141,023,558
2013 $236,556,279,641 $28,037,239,463
2012 $238,841,140,018 $25,503,060,420
2011 $283,228,079,776 $23,459,515,276
2010 $296,417,644,404 $20,265,559,484
2009 $326,829,054,686 $15,328,342,304
2008 $351,121,399,546 $17,910,858,638
2007 $314,226,996,944 $14,056,957,976
2006 $269,073,415,334 $12,756,858,899
2005 $242,315,668,619 $8,331,870,169
2004 $234,979,615,898 $6,221,110,219
2003 $196,930,509,813 $4,901,869,764
2002 $150,253,800,086 $4,193,850,445
2001 $132,050,474,720 $4,094,441,301
2000 $125,760,166,225 $3,600,632,111
1999 $137,131,371,955 $3,404,284,891
1998 $139,612,812,176 $3,537,741,942
1997 $138,766,067,640 $4,303,288,480
1996 $142,502,984,145 $3,597,220,962
1995 $134,974,613,914 $3,806,983,413
1994 $114,980,063,202 $3,656,806,166
1993 $107,295,704,518 $3,273,505,344
1992 $114,608,178,405 $3,182,810,841
1991 $103,680,863,713 $3,376,806,697
1990 $96,529,587,274 $3,288,381,797
1989 $78,067,933,277 $3,994,673,161
1988 $75,200,610,137 $3,728,878,149
1987 $64,739,630,096 $2,265,250,972
1986 $55,595,445,472 $1,664,413,508
1985 $47,155,741,426 $2,252,454,500
1984 $47,352,146,312 $2,719,518,933
1983 $48,741,397,059 $3,321,048,451
1982 $53,858,346,939 $3,871,117,093
1981 $51,618,456,335 $4,008,126,497
1980 $56,039,256,595 $3,884,530,854
1979 $53,724,121,435 $3,353,445,378
1978 $43,654,480,519 $2,811,032,473
1977 $35,673,080,481 $2,515,296,940
1976 $30,719,552,239 $2,742,859,263
1975 $28,129,128,587 $2,442,672,141
1974 $24,998,715,909 $2,910,981,262
1973 $22,037,019,563 $2,434,255,237
1972 $16,650,659,091 $1,872,416,680
1971 $14,388,806,818 $1,653,259,341
1970 $12,957,113,636 $1,788,779,285
1969 $11,454,106,327 $1,926,399,230
1968 $9,950,331,206 $1,573,739,371
1967 $9,146,592,856 $1,340,639,464
1966 $8,472,021,467 $1,238,999,505
1965 $7,582,209,670 $1,061,199,576
1964 $6,576,906,345 $822,639,671
1963 $5,813,285,627 $704,339,719
1962 $5,140,542,929 $679,279,729
1961 $4,892,397,431 $682,359,727
1960 $4,274,890,307 $698,739,721

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

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

GDP per capita in Greece vs Zambia by year

Greece
GDP per capita

GDP per capita, PPP
Zambia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Greece Zambia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $24,626 $44,327 $1,187 $4,215
2023 $23,344 $42,711 $1,331 $4,077
2022 $20,887 $39,612 $1,447 $3,841
2021 $20,655 $33,531 $1,127 $3,503
2020 $17,887 $29,533 $952 $3,157
2019 $19,335 $31,927 $1,259 $3,361
2018 $19,873 $29,792 $1,464 $3,442
2017 $18,632 $28,682 $1,483 $3,392
2016 $17,919 $27,505 $1,239 $3,313
2015 $17,981 $26,608 $1,296 $3,337
2014 $21,475 $26,450 $1,707 $3,441
2013 $21,573 $25,731 $1,821 $3,477
2012 $21,624 $24,583 $1,710 $3,324
2011 $25,505 $25,693 $1,625 $3,228
2010 $26,653 $27,839 $1,451 $3,098
2009 $29,425 $29,963 $1,136 $2,872
2008 $31,696 $30,441 $1,376 $2,708
2007 $28,441 $28,896 $1,119 $2,555
2006 $24,416 $28,076 $1,052 $2,378
2005 $22,054 $25,004 $711 $2,213
2004 $21,449 $24,826 $549 $2,068
2003 $18,021 $23,253 $446 $1,942
2002 $13,782 $21,985 $394 $1,837
2001 $12,157 $20,304 $397 $1,785
2000 $11,638 $18,820 $359 $1,709
1999 $12,743 $17,758 $350 $1,654
1998 $13,023 $17,434 $373 $1,601
1997 $13,016 $16,630 $466 $1,631
1996 $13,433 $15,778 $400 $1,585
1995 $12,779 $15,218 $433 $1,501
1994 $10,937 $14,667 $426 $1,464
1993 $10,257 $14,150 $391 $1,607
1992 $11,021 $14,130 $389 $1,505
1991 $10,047 $13,824 $423 $1,534
1990 $9,467 $13,126 $422 $1,522
1989 $7,738 - $526 -
1988 $7,492 - $504 -
1987 $6,474 - $315 -
1986 $5,578 - $238.2 -
1985 $4,747 - $332 -
1984 $4,785 - $413 -
1983 $4,950 - $520 -
1982 $5,502 - $627 -
1981 $5,305 - $670 -
1980 $5,812 - $669 -
1979 $5,627 - $595 -
1978 $4,629 - $514 -
1977 $3,832 - $474 -
1976 $3,343 - $533 -
1975 $3,109 - $490 -
1974 $2,789 - $601 -
1973 $2,468 - $518 -
1972 $1,873 - $410 -
1971 $1,629 - $372 -
1970 $1,474 - $414 -
1969 $1,306 - $459 -
1968 $1,138 - $387 -
1967 $1,053 - $341 -
1966 $984 - $325 -
1965 $887 - $287.4 -
1964 $773 - $230 -
1963 $686 - $203.2 -
1962 $608 - $202.3 -
1961 $583 - $209.7 -
1960 $513 - $221.6 -

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

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

Greece's GDP per capita is $24,626, ranking 49/197, compared to $1,187 in Zambia, ranking 169/197. Adjusted for purchasing power (GDP per capita PPP), Greece ranks 52nd at $44,327, while Zambia ranks 166th at $4,215.

Economic indicators

Greece Zambia
Gross domestic product
$256B
2024
$25.3B
2024
GDP rank
53/197
2024
116/197
2024
GDP growth
2.09%
2023-2024
3.82%
2023-2024
GDP per capita
$24,626
2024
$1,187
2024
GDP per capita rank
49/197
2024
169/197
2024
GDP per capita, PPP
$44,327
2024
$4,215
2024
GDP per capita PPP rank
52/197
2024
166/197
2024
Government debt
$397B
2024
$29.1B
2024
Debt-to-GDP ratio
154.8%
2024
114.9%
2024
Government debt per person
$38,119
2024
$1,365
2024
Government debt per person rank
16/185
2024
134/185
2024
Average annual personal income after taxes
$14,396
2026
$1,349
2026
Market capitalization of domestic companies
$83.2B
2024
$7.77B
2024
Number of billionaires
16
2025
n/a
Income share by richest 10%
26%
2023
39.1%
2022
Income share by poorest 10%
2.7%
2023
1.5%
2022
Government expenditure, % of GDP
48%
2024
25.5%
2024
Consumer prices inflation
2.74%
2023-2024
15%
2023-2024
Central bank interest rate n/a
14.3%
2025
Unemployment rate
10%
2024
5.86%
2023
Population
10181414
22697916

Spending and national debt comparison by year

Greece
Spending

Debt
Zambia
Spending

Debt
1x
Year % of GDP
Greece Zambia
Government spending Government debt Government spending Government debt
2024 48% 154.8% 25.5% 114.9%
2023 49.5% 165.2% 27.4% 129.1%
2022 52.8% 178.4% 28.2% 99.5%
2021 56.7% 197.8% 30.5% 111%
2020 59.3% 209.9% 34% 140%
2019 47.6% 183.7% 29.8% 103.3%
2018 48.6% 189.6% 27.7% 81.2%
2017 48.5% 182.6% 25% 66.6%
2016 50.3% 183.7% 23.9% 61.2%
2015 51.9% 180% 27.6% 61.9%
2014 51.5% 182.8% 24.3% 33.9%
2013 53% 180.5% 24% 25.9%
2012 54.9% 164.3% 21.9% 24.9%
2011 55.1% 175.1% 19.5% 20.8%
2010 53.1% 147.8% 18.1% 18.9%
2009 54.8% 128.5% 17.8% 20.5%
2008 51.5% 110.9% 19.5% 19.2%
2007 47.8% 104.6% 19.9% 21.9%
2006 45.9% 105.3% 19.7% 25%
2005 46.6% 109.9% 22.5% 75.7%
2004 48.8% 105.5% 23.3% 129.9%
2003 47.9% 104.3% 27.3% 159.5%
2002 47.1% 107.9% 27.6% 180.2%
2001 47.5% 110.5% 28% 210.2%
2000 48.2% 108.9% 21.4% 261%
1999 48% 102.8% - -
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/zambia | CC BY

In 2024, Greece's government spending was $123B, accounting for 48% of its GDP, while Zambia spent $6.45B, or 25.5% of GDP.

Debt-to-GDP ratio is 154.8% in Greece and 114.9% in Zambia, ranking 7/185 and 13/185, respectively.

Government deficit by year

Deficit/surplus
Greece

Zambia
1x
Year Deficit/surplus, % of GDP
Greece Zambia
2024 1.34% -3.32%
2023 -1.35% -5.48%
2022 -2.46% -7.82%
2021 -7.58% -8.13%
2020 -10.3% -13.8%
2019 -0.09% -9.41%
2018 0.78% -8.31%
2017 1.05% -7.5%
2016 0.28% -5.69%
2015 -3.03% -8.88%
2014 -4.29% -5.43%
2013 -4.06% -6.4%
2012 -6.94% -3.16%
2011 -10.5% -1.78%
2010 -11.4% -2.43%
2009 -15.4% -2.06%
2008 -10.3% -0.67%
2007 -6.81% -1.04%
2006 -6.04% 16.9%
2005 -6.33% -2.37%
2004 -9.05% -2.51%
2003 -8.05% -5.31%
2002 -6.2% -4.5%
2001 -5.64% -5.89%
2000 -4.21% 1.16%
1999 -6.02% -
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/zambia | 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 Zambia's deficit of $840M, or 3.32% of GDP.

Over the past 25 years, Greece recorded a fiscal deficit in 21 of those years, while Zambia ran a deficit in 23 years. On average, Greece posted an annual deficit equal to 5.47% of GDP, compared to deficit of 4.15% of GDP for Zambia.

Inflation comparison by year

Inflation
Greece

Zambia
1x
Year Consumer prices inflation
Greece Zambia
2024 2.74% 15%
2023 3.46% 10.9%
2022 9.65% 11%
2021 1.22% 22%
2020 -1.25% 15.7%
2019 0.25% 9.2%
2018 0.63% 7.5%
2017 1.12% 6.6%
2016 -0.83% 17.9%
2015 -1.74% 10.1%
2014 -1.31% 7.8%
2013 -0.92% 7%
2012 1.5% 6.6%
2011 3.33% 8.7%
2010 4.71% 8.5%
2009 1.21% 13.4%
2008 4.15% 12.4%
2007 2.9% 10.7%
2006 3.2% 9%
2005 3.55% 18.3%
2004 2.9% 18%
2003 3.53% 21.4%
2002 3.63% 22.2%
2001 3.37% 21.4%
2000 3.15% 24.1%
1999 2.64% 23.9%
1998 4.77% 22.7%
1997 5.54% 21.4%

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/zambia | CC BY

Over the past 28 years, Greece has recorded an average annual inflation rate of 2.4%, compared with 14.4% in Zambia. In 2024, inflation was 2.74% in Greece and 15% in Zambia.

Top exports between countries

Greece
Export category Export value
Machinery & equipment $480K
Metals $368K
Chemicals & pharma $290K
Textiles & consumer goods $222K
Wood & paper products $60K
Processed food, beverages & tobacco $53K
Miscellaneous $3K
Precious metals & jewellery $3K
Raw agricultural goods $3K
Raw materials & minerals $3K
Zambia
Export category Export value
Processed food, beverages & tobacco $699K
Raw materials & minerals $11K
Miscellaneous $1K
Textiles & consumer goods $1K

Balance of trade

Greece Zambia
Current account balance
-$18.2B
2024
-$487M
2024
Current account balance ranking
182/190
2024
106/190
2024
Current account balance, % of GDP
-7.11%
2024
-1.93%
2024
Goods imports
$91.2B
2024
$10.1B
2024
Goods exports
$52.6B
2024
$11.4B
2024
Service imports
$31.1B
2024
$1.94B
2024
Service exports
$55.8B
2024
$1.38B
2024
Imports of goods and services, % of GDP
47.7%
2024
27.6%
2024
Exports of goods and services, % of GDP
42.1%
2024
35%
2024

Economic freedom indices

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

Greece Zambia
Economic freedom 63.2 51.9
Economic freedom ranking 82/197 152/197
Property rights 78 43.9
Government integrity 54.8 39.3
Judicial effectiveness 68 45
Tax burden 59.9 74.3
Government spending 24.7 78.1
Fiscal health 78.9 30.9
Business freedom 77.8 53.4
Labor freedom 59.7 48.8
Monetary freedom 72.6 66.6
Trade freedom 79.4 62.8
Investment freedom 55 40
Financial freedom 50 40

Economic freedom comparison by year

Greece
Zambia
1x
Year Economic freedom index
Greece Zambia
2026 63.2 51.9
2025 60.6 50.9
2024 55.1 48.4
2023 56.9 47.8
2022 61.5 48.7
2021 60.9 50.4
2020 59.9 53.5
2019 57.7 53.6
2018 57.3 54.3
2017 55 55.8
2016 53.2 58.8
2015 54 58.7
2014 55.7 60.4
2013 55.4 58.7
2012 55.4 58.3
2011 60.3 59.7
2010 62.7 58
2009 60.8 56.6
2008 60.6 56.2
2007 58.7 56.2
2006 60.1 56.8
2005 59 55
2004 59.1 54.9
2003 58.8 55.3
2002 59.1 59.6
2001 63.4 59.5
2000 61 62.8
1999 61 64.2
1998 60.6 62.7
1997 59.6 62.1
1996 60.5 59.6
1995 61.2 55.1

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

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

The Economic Freedom Index for Greece is 63.2, ranking 82/197, compared to 51.9 for Zambia, ranking 152/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Greece Zambia
Services, % of GDP
68%
2024
57.2%
2024
Industry, % of GDP
15%
2024
35.2%
2024
Agriculture, forestry, and fishing, % of GDP
3.77%
2024
2.83%
2024
GNI, Atlas method
$236B
2024
$25.9B
2024
GNI per capita, PPP
$43,340
2024
$3,850
2024
Total reserves including gold
$15.2B
2024
$4.09B
2024
Total reserves ranking
67/177
2024
106/177
2024
Net foreign direct investment
-$4.52B
2024
-$1.32B
2024
Net inflows of foreign direct investment
$6.74B
2024
$2.36B
2024
Net outflows of foreign direct investment
$2.22B
2024
$311M
2024
Servicing debt to the IMF, % of GNI n/a
16.9%
2024
Poverty at national poverty lines
18.8%
2021
60%
2022
Gross capital formation, % of GDP
18.3%
2024
23.8%
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/zambia | 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 (2020–2024, 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.