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Greece

Greece

Europe GEC: GR ISO: GR

Key Economic Indicators

GDP (PPP)
$461.23 billion
GDP Per Capita
$44,327
GDP Growth Rate
2.09%
Inflation Rate
2.74%
Unemployment
8.54%
GDP (Nominal)
$257.145 billion (2024 est.)
Public Debt
<b>note:</b> central government debt as a % of GDP
Current Account
$-18,217,275,858

Economic Overview

<p>high-income EU and eurozone economy; growth above euro average, supported by private consumption and EU fund investments; structural reforms strengthening public finances and enhancing resilience within banking system; declining unemployment but low labor productivity and skill shortages</p>

All Economic Data

Agricultural products
maize, wheat, sheep milk, oranges, tomatoes, milk, peaches/nectarines, grapes, watermelons, barley (2023)
note: <b>note:</b> top ten agricultural products based on tonnage
Average household expenditures
On alcohol and tobacco: 4.4% of household expenditures (2023 est.)
On food: 16.4% of household expenditures (2023 est.)
Budget
Expenditures: $114.497 billion (2023 est.)
Note: <b>note:</b> central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Revenues: $111.938 billion (2023 est.)
Currency
code: EUR
name: euro (EUR) [€]
Current account balance
$-18,217,275,858
Current account balance 2022: -$22.623 billion (2022 est.)
Current account balance 2023: -$15.008 billion (2023 est.)
Current account balance 2024: -$16.399 billion (2024 est.)
Note: <b>note:</b> balance of payments - net trade and primary/secondary income in current dollars
Exchange rates
Currency: euros (EUR) per US dollar -
Exchange rates 2020: 0.876 (2020 est.)
Exchange rates 2021: 0.845 (2021 est.)
Exchange rates 2022: 0.95 (2022 est.)
Exchange rates 2023: 0.925 (2023 est.)
Exchange rates 2024: 0.924 (2024 est.)
Exports
$107.91 billion
Exports 2022: $106.189 billion (2022 est.)
Exports 2023: $107.218 billion (2023 est.)
Exports 2024: $108.424 billion (2024 est.)
Note: <b>note:</b> balance of payments - exports of goods and services in current dollars
Exports - commodities
refined petroleum, packaged medicine, aluminum, olive oil, tobacco (2023)
note: <strong>note:</strong> top five export commodities based on value in dollars
Exports - partners
Italy 12%, Germany 6%, Cyprus 6%, Bulgaria 4%, USA 4% (2023)
note: <strong>note:</strong> top five export partners based on percentage share of exports
Foreign direct investment
net inflows: $6.74 billion
GDP - composition, by end use
Exports of goods and services: 43.7% (2023 est.)
Government consumption: 19.3% (2023 est.)
Household consumption: 66.9% (2023 est.)
Imports of goods and services: -48.4% (2023 est.)
Investment in fixed capital: 15.2% (2023 est.)
Investment in inventories: 1.5% (2023 est.)
Note: <b>note:</b> figures may not total 100% due to rounding or gaps in data collection
GDP - composition, by sector of origin
Agriculture: 3.3% (2024 est.)
Industry: 15.4% (2024 est.)
Note: <b>note:</b> figures may not total 100% due to non-allocated consumption not captured in sector-reported data
Services: 68% (2024 est.)
GDP (official exchange rate)
$257.145 billion (2024 est.)
note: <b>note:</b> data in current dollars at official exchange rate
GDP per capita (nominal)
$24,626
Gini Index coefficient - distribution of family income
32.9 (2018)
Gini Index coefficient - distribution of family income 2022: 33.4 (2022 est.)
Note: <b>note:</b> index (0-100) of income distribution; higher values represent greater inequality
GNI (gross national income)
$248.95 billion
GNI per capita
$22,730
Gross domestic investment
18 % of GDP
Household income or consumption by percentage share
Highest 10%: 25.7% (2022 est.)
Lowest 10%: 2.7% (2022 est.)
Note: <b>note:</b> % share of income accruing to lowest and highest 10% of population
Imports
$122.14 billion
Imports 2022: $127.82 billion (2022 est.)
Imports 2023: $119.234 billion (2023 est.)
Imports 2024: $122.408 billion (2024 est.)
Note: <b>note:</b> balance of payments - imports of goods and services in current dollars
Imports - commodities
crude petroleum, refined petroleum, natural gas, cars, packaged medicine (2023)
note: <strong>note:</strong> top five import commodities based on value in dollars
Imports - partners
Germany 10%, China 10%, Italy 8%, Iraq 7%, Netherlands 6% (2023)
note: <strong>note:</strong> top five import partners based on percentage share of imports
Industrial production growth rate
6.1% (2024 est.)
note: <b>note:</b> annual % change in industrial value added based on constant local currency
Industries
tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Inflation rate (consumer prices)
2.74%
Inflation rate (consumer prices) 2022: 9.6% (2022 est.)
Inflation rate (consumer prices) 2023: 3.5% (2023 est.)
Inflation rate (consumer prices) 2024: 2.7% (2024 est.)
Note: <b>note:</b> annual % change based on consumer prices
Labor force
4.655 million (2024 est.)
note: <b>note:</b> number of people ages 15 or older who are employed or seeking work
total: 4.69 million persons
Labor force - by occupation
agriculture: 10.68%
industry: 16.32%
services: 73.01%
Population below poverty line
18.8% (2021 est.)
note: <b>note:</b> % of population with income below national poverty line
Public debt
Note: <b>note:</b> central government debt as a % of GDP
Public debt 2023: 190.6% of GDP (2023 est.)
Real GDP (purchasing power parity)
$461.23 billion
Note: <b>note:</b> data in 2021 dollars
Real GDP (purchasing power parity) 2022: $374.753 billion (2022 est.)
Real GDP (purchasing power parity) 2023: $383.493 billion (2023 est.)
Real GDP (purchasing power parity) 2024: $392.205 billion (2024 est.)
Real GDP growth rate
2.09%
Note: <b>note:</b> annual GDP % growth based on constant local currency
Real GDP growth rate 2022: 5.7% (2022 est.)
Real GDP growth rate 2023: 2.3% (2023 est.)
Real GDP growth rate 2024: 2.3% (2024 est.)
Real GDP per capita
$44,327
Note: <b>note:</b> data in 2021 dollars
Real GDP per capita 2022: $35,900 (2022 est.)
Real GDP per capita 2023: $36,900 (2023 est.)
Real GDP per capita 2024: $37,800 (2024 est.)
Remittances
$561.45 million
Note: <b>note:</b> personal transfers and compensation between resident and non-resident individuals/households/entities
Remittances 2022: 0.3% of GDP (2022 est.)
Remittances 2023: 0.2% of GDP (2023 est.)
Remittances 2024: 0.2% of GDP (2024 est.)
Reserves of foreign exchange and gold
$15.22 billion
Note: <b>note:</b> holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Reserves of foreign exchange and gold 2022: $12.061 billion (2022 est.)
Reserves of foreign exchange and gold 2023: $13.608 billion (2023 est.)
Reserves of foreign exchange and gold 2024: $15.222 billion (2024 est.)
Revenue (excl grants)
43 % of GDP
Tax revenue
27 % of GDP
Taxes and other revenues
26.6% (of GDP) (2023 est.)
note: <b>note:</b> central government tax revenue as a % of GDP
Unemployment rate
8.54%
Note: <b>note:</b> % of labor force seeking employment
Unemployment rate 2022: 12.5% (2022 est.)
Unemployment rate 2023: 11.1% (2023 est.)
Unemployment rate 2024: 10.2% (2024 est.)
Youth unemployment rate (ages 15-24)
Female: 26.6% (2024 est.)
Male: 23.2% (2024 est.)
Note: <b>note:</b> % of labor force ages 15-24 seeking employment
Total: 24.7% (2024 est.)

World Bank Indicators

Currency
euro (EUR) (2025)
Gini Index
32.90 (2018)
Languages
Greek (2025)
Map of Greece

Economic Rankings

Unemployment Rate #30
Imports #42
Exports #48
GDP per Capita #50
GDP (PPP) #53
GDP (Nominal) #53
GDP Growth Rate #66
Reserves #69
Inflation Rate #79
Gini Index #128

Quick Facts

Industries
tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Agricultural products
maize, wheat, sheep milk, oranges, tomatoes, milk, peaches/nectarines, grapes, watermelons, barley (2023)
Labor force
4.655 million (2024 est.)
Exports - partners
Italy 12%, Germany 6%, Cyprus 6%, Bulgaria 4%, USA 4% (2023)
Imports - partners
Germany 10%, China 10%, Italy 8%, Iraq 7%, Netherlands 6% (2023)
Exchange rates
euros (EUR) per US dollar -

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