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 2020 was between 128.6 billion and 495.9 billion USD. The hightest level within the past 22 years was reached in 2011. However, the liabilities in 2020 have been only 390 billion USD The budget deficit in the same year was 19.0 billion USD.

Based on the number of inhabitants, this is in Greece a debt of 36,357 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.

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Gross debt of the last 22 years in billion USD

YearGreece totalGreece per capitaEU per capita
1998128.58 bn USD11,994 USD12,387 USD
1999130.38 bn USD12,116 USD12,342 USD
2000136.89 bn USD12,668 USD9,877 USD
2001145.96 bn USD13,437 USD9,894 USD
2002162.09 bn USD14,867 USD10,773 USD
2003205.32 bn USD18,789 USD13,433 USD
2004247.89 bn USD22,627 USD15,459 USD
2005266.21 bn USD24,229 USD16,095 USD
2006283.43 bn USD25,718 USD16,570 USD
2007328.80 bn USD29,760 USD18,334 USD
2008389.43 bn USD35,154 USD21,119 USD
2009419.92 bn USD37,807 USD22,222 USD
2010438.24 bn USD39,405 USD26,496 USD
2011495.88 bn USD44,654 USD29,231 USD
2012391.97 bn USD35,489 USD28,064 USD
2013425.65 bn USD38,819 USD29,836 USD
2014424.63 bn USD38,984 USD30,512 USD
2015345.86 bn USD31,963 USD25,813 USD
2016348.69 bn USD32,358 USD26,165 USD
2017358.66 bn USD33,349 USD26,931 USD
2018395.31 bn USD36,831 USD28,362 USD
2019370.66 bn USD34,571 USD27,095 USD
2020389.59 bn USD36,357 USD30,780 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 2020 varied between -50.19 bn Euro and +2.31 bn Euro. In 2020 was reached a balance of -19.05 bn Euro.

In ratio to population, this equals a new indebtedness of 1,777 Euro per capita in Greece only in 2020. For comparison, the average debt per capita in the European Union was in the same year at 2,353 Euro.

Budget deficit and surplus in the last 20 years

YearGreece 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-1,771 USD
2010-33.55 bn USD-3,017 USD-1,970 USD
2011-29.62 bn USD-2,667 USD-1,462 USD
2012-22.00 bn USD-1,992 USD-1,196 USD
2013-31.90 bn USD-2,909 USD-1,012 USD
2014-8.54 bn USD-784 USD-846 USD
2015-11.49 bn USD-1,062 USD-573 USD
20160.47 bn USD44 USD-423 USD
20171.16 bn USD108 USD-261 USD
20181.97 bn USD184 USD-136 USD
20192.31 bn USD216 USD-192 USD
2020-19.05 bn USD-1,777 USD-2,353 USD

(negative numbers = deficit)
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