Includes historical data for Greece’s Gross Domestic Product growth, debt-to-GDP ratio and more, as well as information on trade, banking and financial sector leadership.
An Economy In Recovery
Greece has achieved a remarkable turnaround from the depths of both the financial crisis and the pandemic. Reforms have attracted investment by cutting red tape, fostering innovation, digitizing services and promoting renewable energy growth. These efforts have spurred a rebound in the economy, supported by labor market reforms and banking sector stabilization. Greece is world leader in maritime shipping, with a thriving tourism, agriculture and manufacturing sector.
However, challenges persist. Greece grapples with very high public debt, bureaucratic barriers and infrastructure deficiencies. The economy still remains too reliant on tourism, while an oversized public sector and a rigid labor market impede productivity and job creation. The country’s energy dependence on hydrocarbon imports and geopolitical tensions with Turkey pose additional risks.
Macroeconomy & Sovereign Data
| Type of Government | Parliamentary republic |
|---|---|
| Capital | Athens |
| Sovereign Ratings |
S&P: BBB– Moody’s: Ba1 Fitch: BBB– |
| Total Population | 10.4 million |
| Median Age | 45.8 |
| Adult Per Capita Income (PPP) | 40,175.77 |
| Total GDP (2023) | 250.3 billion |
Greece GDP & Economic Overview
Most Recent Content
Greece
Economics, Policy & Regulation
Ratings On The Rise: Q&A with Yannis Stournaras, Central Bank…
Banking & Finance
Trade & Investment
| Total Exports | USD 98.2 billion (2023) |
|---|---|
| Leading Exports |
Refined Petroleum Packaged Medicines Aluminum Plating Cotton Cheese Copper Piping |
| Total Imports | USD 53.7 billion (2022) |
| Leading Imports |
Crude Petroleum Refined Petroleum Packaged Medicines Cars Ships |
| Source: | World Integrated Trade Solution |
Greece Leading Companies
| Piraeus Bank | Financials |
|---|---|
| Eurobank | Financials |
| Opap | Consumer Discretionary, Gambling |
| Mytilineos | Energy, Materials |
| Olympia Group | Transportation Infrastructure Services |
| Motor Oil Hellas | Integrated Oil & Gas |
| Aegean Airlines | Airlines |
Major Trade Partners — Import
| Germany | 11% |
|---|---|
| Italy | 8% |
| China | 8% |
| Russia | 7% |
| Iraq | 6% |
Source: World Integrated Trade Solution
Major Trade Partners — Export
| Italy | 10% |
|---|---|
| Germany | 7% |
| Cyprus | 6% |
| Turkey | 5% |
| Bulgaria | 5% |
Source: World Integrated Trade Solution
Global Finance Rankings & Awards
Data Sources:
UN World Population Prospects
World Inequality Report
S&P Global Ratings
Moody’s
Fitch Ratings
IMF Direction of Trade Statistics (DOTS)
UN Conference on Trade and Development (UNCTAD)
CIA The World Factbook
World Bank’s World Integrated Trade Solution
Forbes Global 2000