Greece recorded a Government Budget surplus equal to 1.30 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Greece Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The budget balance in relation to the gross domestic product (GDP) in Greece was estimated at approximately -0.32 percent in 2024. Between 1980 and 2024, the budget balance rose by around 2.18 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is expected to drop by about 0.51 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

The budget balance in Greece stood at 3.18 billion Euros in 2024. Between 1980 and 2024, the budget balance rose by 3.36 billion Euros, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is forecast to decline by 7.37 billion Euros from 2024 to 2030, fluctuating as it trends downward.

Greece recorded a government budget surplus of 636 EUR Million in October of 2025. This dataset provides the latest reported value for - Greece Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Greece recorded a Government Debt to GDP of 153.60 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Greece Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Greece Government Debt: % of GDP

• Greece Government debt accounted for 158.3 % of the country's Nominal GDP in Sep 2024, compared with the ratio of 160.1 % in the previous quarter.
• Greece government debt to GDP ratio data is updated quarterly, available from Dec 1999 to Sep 2024.
• The data reached an all-time high of 207.4 % in Mar 2021 and a record low of 96.4 % in Sep 2003.

CEIC calculates quarterly Government Debt as % of Nominal GDP from quarterly Government Debt and rolling sum of quarterly Nominal GDP. The Hellenic Statistical Authority provides Government Debt in EUR and Nominal GDP in EUR, based on ESA 2010. Government Debt prior to Q1 2012 is based on ESA 1995.


Related information about Greece Government Debt: % of GDP

• In the latest reports, Greece National Government Debt reached 413.3 USD bn in Sep 2024.
• The country's Nominal GDP reached 57.9 USD bn in Mar 2023.

Government Debt in Greece increased to 403204.53 EUR Million in the second quarter of 2025 from 402106.09 EUR Million in the first quarter of 2025. This dataset provides the latest reported value for - Greece Central Government Debt - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic shows the national debt of Greece from 2020 to 2023, with projections until 2030. In 2023, the national debt in Greece was around 420.4 billion U.S. dollars. In a ranking of debt to GDP per country, Greece is currently ranked third. Greece's struggle after the financial crisis Greece is a developed country in the EU and is highly dependent on its service sector as well as its tourism sector in order to gain profits. After going through a large economic boom from the 1950s to the 1970s as well as somewhat high GDP growth in the early to mid 2000s, Greece’s economy took a turn for the worse and struggled intensively, primarily due to the Great Recession, the Euro crisis as well as its own debt crisis. National debt within the country saw significant gains over the past decades, however roughly came to a halt due to financial rescue packages issued from the European Union in order to help Greece maintain and improve their economical situation. The nation’s continuous rise in debt has overwhelmed its estimated GDP over the years, which can be attributed to poor government execution and unnecessary spending. Large sums of financial aid were taken from major European banks to help balance out these government-induced failures and to potentially help refuel the economy to encourage more spending, which in turn would decrease the country’s continuously rising unemployment rate. Investors, consumers and workers alike are struggling to see a bright future in Greece, whose chances of an economic comeback are much lower than that of other struggling countries such as Portugal and Italy. However, Greece's financial situation might improve in the future, as it is estimated that at least its national debt will decrease - slowly, but steadily. Still, since its future participation in the European Union is in limbo as of now, these figures can only be estimates, not predictions.

Greece State Government Budget: Primary Balance data was reported at 1,940.000 EUR mn in 2017. This records a decrease from the previous number of 2,778.000 EUR mn for 2016. Greece State Government Budget: Primary Balance data is updated yearly, averaging -431.000 EUR mn from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of 4,501.000 EUR mn in 2001 and a record low of -18,547.000 EUR mn in 2009. Greece State Government Budget: Primary Balance data remains active status in CEIC and is reported by Bank of Greece. The data is categorized under Global Database’s Greece – Table GR.F006: State Government Budget: Annual.

Greece State Government Budget: Balance data was reported at -4,268.000 EUR mn in 2017. This records a decrease from the previous number of -2,810.000 EUR mn for 2016. Greece State Government Budget: Balance data is updated yearly, averaging -9,847.000 EUR mn from Dec 2001 (Median) to 2017, with 17 observations. The data reached an all-time high of -2,810.000 EUR mn in 2016 and a record low of -30,872.000 EUR mn in 2009. Greece State Government Budget: Balance data remains active status in CEIC and is reported by Bank of Greece. The data is categorized under Global Database’s Greece – Table GR.F006: State Government Budget: Annual.

The ratio of national debt to gross domestic product (GDP) of Greece was 154.79 percent in 2024. Between 1980 and 2024, the ratio rose by 131.95 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio is expected to drop by 24.59 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Key information about Greece National Government Debt

• Greece National Government Debt reached 433.9 USD bn in Jun 2025, compared with 395.5 USD bn in the previous quarter.
• Greece National Government Debt data is updated quarterly, available from Dec 1999 to Jun 2025.
• The data reached an all-time high of 495.1 USD bn in Jun 2011 and a record low of 122.4 USD bn in Jun 2001.

CEIC converts quarterly Government Debt into USD. Hellenic Statistical Authority provides Government Debt in EUR based on ESA 2010. The Federal Reserve Board period end market exchange rate is used for currency conversions. Government Debt prior to Q1 2012 is based on ESA 1995.