Households Debt in Greece decreased to 38.90 percent of GDP in the first quarter of 2025 from 39 percent of GDP in the fourth quarter of 2024. This dataset provides - Greece Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Greece Private Debt: % of Nominal GDP

• Greece Private Debt accounted for 51.64 % of its Nominal GDP in Dec 2024, compared with a ratio of 50.98 % in the previous quarter
• Greece Private Debt contribution to Nominal GDP ratio is updated quarterly, available from Mar 2001 to Dec 2024, with an average share of 88.43 %
• The data reached an all-time high of 124.39 % in Mar 2013 and a record low of 45.51 % in Mar 2001

CEIC calculates quarterly Private Debt as % of Nominal GDP from monthly Private Debt and quarterly Nominal GDP. The Bank of Greece provides Private Debt in EUR. Hellenic Statistical Authority provides Nominal GDP in EUR.

Greece - Net external debt was 114.40 % of GDP in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Greece - Net external debt - last updated from the EUROSTAT on October of 2025. Historically, Greece - Net external debt reached a record high of 167.50 % of GDP in June of 2021 and a record low of 49.20 % of GDP in December of 2003.

The statistic depicts Greece's gross domestic product (GDP) growth rate from 2020 to 2024, with projections up until 2030. GDP refers to the total market value of all goods and services that are produced within a country per year. It is an important indicator of the economic strength of a country. Real GDP is adjusted for price changes and is therefore regarded as a key indicator for economic growth. In 2024, Greece's real GDP increased by about 2.27 percent compared to the previous year. Greece's national finances Greece is viewed as a high-income economy and experienced high economic and social growth and development between the 1950s and the 1970s, which was the highest rate in the world only behind Japan. However, due to the Great Recession in 2009 as well as the Greek government-debt crisis, Greek experienced severe hits to its already somewhat struggling economy. From the mid to late 2000s, national debt escalated severely but has, since 2012, remained relatively stable, primarily due to several debt restructuring deals as well as stimulus packages from countries within the EU. Different forms of financial aid were offered to Greece from countries within the European Union in order to help maintain the country from going completely dysfunctional to the point that Greece would no longer be able to pay back its debts. Greece’s economy primarily strives in the service sector and benefits exceptionally from its tourist industry. However, due to a failing tourist industry as well as struggles with properly managing imports and exports, struggles within the country are further increasing. More competent leadership, cutting costs as well as new structural reforms are necessary in order to slowly bring Greece back to an economically stable country.

In the third quarter of 2024, Greece's national debt was the highest in all the European Union, amounting to 158 percent of Greece's gross domestic product. In spite of Greece's total being high by EU standards, it marks a substantial decrease from the historical high point reached by the country's national debt of 207 percent of GDP in 2020. Italy, France, Spain, Belgium, and Portugal also all have government debt worth over one year's production of their economies, while the small Baltic country of Estonia has the smallest national debt when compared with GDP, at only 24 percent. In debitum incrementum?A country’s national debt, also known as government debt or public debt, is defined as all borrowings owed by the government of a country. It usually comprises internal debt – owed to other governmental departments – and external debt, which is held by the public and is owed to government bond owners. National debt can be caused by a struggling economy in general, or by low tax income, which usually leads to money being borrowed from other governments for support, which in turn cannot be paid back right away. At first glance, a high national debt is not always a sign of a struggling economy – but since increasing debt can slow down economic growth significantly, it is imperative for the respective government to seek a steady reduction in the long run.

Key information about Greece External Debt: Short Term: % of GDP

• Greece External Debt: Short Term accounted for 79.9 % of the country's Nominal GDP in 2023, compared with the ratio of 85.1 % in the previous year.
• Greece External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2003 to 2023.
• The data reached an all-time high of 98.3 % in 2011 and a record low of 15.0 % in 2004.

CEIC calculates Short Term External Debt as % of Nominal GDP from quarterly Short Term External Debt and annual Nominal GDP. Short Term External Debt is calculated as the sum of Short Term External Debt breakdowns for General Government, Central Bank, Other Deposit Taking Corporations and Other Sectors. The Bank of Greece provides Short Term External Debt in EUR. Hellenic Statistical Authority provides Nominal GDP in EUR.


Related information about Greece External Debt: Short Term: % of GDP

• In the latest reports of Greece, Current Account recorded a surplus of 717.7 USD mn in Aug 2024.
• Foreign Direct Investment (FDI) increased by 304.2 USD mn in Apr 2023.
• Greece Direct Investment Abroad expanded by 119.7 USD mn in Aug 2024.
• Its Foreign Portfolio Investment increased by 2.7 USD bn in Jun 2024.
• Greece External Debt: Short Term value stood at 189.9 USD bn in Dec 2023.
• The country's Nominal GDP was reported at 57.9 USD bn in Mar 2023.

Household debt to GDP, in percent in Greece, March, 2025 The most recent value is 38.9 percent as of March 2025, a decline compared to the previous value of 39 percent. Historically, the average for Greece from March 1999 to March 2025 is 47.5 percent. The minimum of 10.8 percent was recorded in March 1999, while the maximum of 67.1 percent was reached in March 2014. | TheGlobalEconomy.com

Interest payments (% of revenue) in Greece was reported at 7.4616 % in 2023, according to the World Bank collection of development indicators, compiled from officially recognized sources. Greece - Interest payments (% of revenue) - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.