Greece

Economy

Greece

Budget

revenues

$111.938 billion (2023 est.)

expenditures

$114.497 billion (2023 est.)

Exports

Exports 2022

$106.189 billion (2022 est.)

Exports 2023

$107.218 billion (2023 est.)

Exports 2024

$108.424 billion (2024 est.)

Imports

Imports 2022

$127.82 billion (2022 est.)

Imports 2023

$119.234 billion (2023 est.)

Imports 2024

$122.408 billion (2024 est.)

Industries

tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum

Labor force

4.655 million (2024 est.)

Public debt

Public debt 2023

190.6% of GDP (2023 est.)

Remittances

Remittances 2022

0.3% of GDP (2022 est.)

Remittances 2023

0.2% of GDP (2023 est.)

Remittances 2024

0.2% of GDP (2024 est.)

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.)

Economic overview

high-income EU and eurozone economy; exhibiting growth above the euro average, bolstered by private consumption and investments from EU funds; structural reforms aimed at enhancing public finances and banking system resilience; decreasing unemployment yet facing low labor productivity and skill shortages

Unemployment rate

Unemployment rate 2022

12.5% (2022 est.)

Unemployment rate 2023

11.1% (2023 est.)

Unemployment rate 2024

10.2% (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)

Real GDP per capita

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.)

Real GDP growth rate

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.)

Agricultural products

maize, wheat, sheep milk, oranges, tomatoes, milk, peaches/nectarines, grapes, watermelons, barley (2023)

Exports - commodities

refined petroleum, packaged medicine, aluminum, olive oil, tobacco (2023)

Imports - commodities

crude petroleum, refined petroleum, natural gas, cars, packaged medicine (2023)

Current account balance

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.)

Taxes and other revenues

26.6% (of GDP) (2023 est.)

GDP (official exchange rate)

$257.145 billion (2024 est.)

GDP - composition, by end use

household consumption

66.9% (2023 est.)

government consumption

19.3% (2023 est.)

investment in inventories

1.5% (2023 est.)

investment in fixed capital

15.2% (2023 est.)

exports of goods and services

43.7% (2023 est.)

imports of goods and services

-48.4% (2023 est.)

Population below poverty line

18.8% (2021 est.)

Average household expenditures

on food

16.4% of household expenditures (2023 est.)

on alcohol and tobacco

4.4% of household expenditures (2023 est.)

Inflation rate (consumer prices)

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.)

Industrial production growth rate

6.1% (2024 est.)

Real GDP (purchasing power parity)

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.)

Youth unemployment rate (ages 15-24)

male

23.2% (2024 est.)

total

24.7% (2024 est.)

female

26.6% (2024 est.)

Reserves of foreign exchange and gold

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.)

GDP - composition, by sector of origin

industry

15.4% (2024 est.)

services

68% (2024 est.)

agriculture

3.3% (2024 est.)

Household income or consumption by percentage share

lowest 10%

2.7% (2022 est.)

highest 10%

25.7% (2022 est.)

Gini Index coefficient - distribution of family income

Gini Index coefficient - distribution of family income 2022

33.4 (2022 est.)