Gross debt in Greece

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. On the other hand not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Greece in the period from 1998 to 2019 was between 128.6 billion and 495.9 billion USD. The hightest level within the past 21 years was reached in 2011. However, the liabilities in 2019 have been only 370.64 billion USD

Based on the number of inhabitants, this is in Greece a debt of 34,586 USD per person. For comparison: The average debt per person in the same year in the European Union was 32,667 USD.


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Gross debt of the last 21 years in billion USD




JahrGreece totalGreece per capitaEU per capita
1998128.58 bn USD11,994 USD12,387 USD
1999130.38 bn USD12,116 USD12,342 USD
2000130.20 bn USD12,049 USD10,778 USD
2001136.01 bn USD12,522 USD10,717 USD
2002150.55 bn USD13,810 USD11,593 USD
2003190.07 bn USD17,393 USD14,402 USD
2004247.88 bn USD22,627 USD16,970 USD
2005266.20 bn USD24,228 USD17,846 USD
2006283.32 bn USD25,709 USD18,591 USD
2007328.80 bn USD29,760 USD20,509 USD
2008389.43 bn USD35,154 USD23,520 USD
2009419.92 bn USD37,807 USD25,266 USD
2010438.24 bn USD39,405 USD30,683 USD
2011495.88 bn USD44,654 USD34,278 USD
2012391.97 bn USD35,489 USD33,161 USD
2013425.65 bn USD38,819 USD35,247 USD
2014424.63 bn USD38,984 USD36,694 USD
2015345.86 bn USD31,963 USD31,489 USD
2016348.69 bn USD32,358 USD31,202 USD
2017358.66 bn USD33,349 USD32,056 USD
2018395.31 bn USD36,831 USD33,826 USD
2019370.64 bn USD34,586 USD32,667 USD


Comparison of the gross debt per capita with the European Union in Euro



      Greece       European Union


Budget deficit in Greece

The budget deficit of a country is the result of all its claims and liabilities. This includes incomes and expenses, repayments and building of new debts in other countries, but also domestic positions of the government, such as social insurances, local authorities and communities. It is the financial balance of the economic accounts. In simple terms: If a country at the end of the year has more money, than at at the beginning, it is a surplus - it is less, it is called deficit.

The budget balance in Greece in the period between 2000 and 2019 varied between -50.19 billion Euro and +3.13 billion Euro. In 2019 was reached a balance of 3.13 billion Euro.

In ratio to population, this equals a surplus of 292 Euro per capita in Greece. For comparison, the average debt per capita in the European Union was in the same year at 332 Euro.


Budget deficit and surplus in the last 19 years

JahrGreece totalGreece per capitaEU per capita
2000-4.70 bn USD-435 USD98 USD
2001-5.86 bn USD-539 USD-263 USD
2002-7.06 bn USD-647 USD-496 USD
2003-11.02 bn USD-1,008 USD-738 USD
2004-21.27 bn USD-1,942 USD-808 USD
2005-15.34 bn USD-1,396 USD-722 USD
2006-16.27 bn USD-1,476 USD-499 USD
2007-21.39 bn USD-1,936 USD-315 USD
2008-36.22 bn USD-3,269 USD-951 USD
2009-50.19 bn USD-4,518 USD-2,252 USD
2010-33.55 bn USD-3,017 USD-2,486 USD
2011-29.62 bn USD-2,667 USD-1,907 USD
2012-21.78 bn USD-1,972 USD-1,689 USD
2013-31.56 bn USD-2,878 USD-1,354 USD
2014-8.45 bn USD-775 USD-1,226 USD
2015-11.04 bn USD-1,020 USD-871 USD
20161.05 bn USD97 USD-620 USD
20171.46 bn USD135 USD-406 USD
20182.17 bn USD202 USD-288 USD
20193.13 bn USD292 USD-332 USD


(negative numbers = deficit)