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Indicators of economy in Greece

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Greece, on the other hand, reached USD 20.277 per capita, or 216.24 billion USD in the whole country. Greece is therefore currently ranked 51 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Greece is in the list of the world's richest countries in place 48.
Inflation in Greece was in 2021 at around 1.22%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.
Compared with the USA, prices for daily consumer goods are around 25.3% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.
Back to overview: Greece

Impact of the Covid-19 pandemic

The consequences of the Covid pandemic were not insignificant in Greece 2020. Overall, gross domestic product in 2020 fell from 205.14 billion US Dollar auf 188.84 billion US Dollar. With a drop of 7.9 percent, the economy in Greece suffered more significant losses than other countries.. The tourism sector alone slumped by around 73 percent. Fortunately, the unemployment rate actually fell from 17.3 to 16.3 percent. The country's gross debt increased by 5.1%. The inflation rate has fallen from 0.3 percent previously to -1.2 percent by the end of 2020.

Unemployment rates in percent 1991 - 2021

Economic performance 2021

 Greece
Total
Greece
per capita
EU
Total
EU
per capita
GDP216.24 bn USD20,276.54 USD17.09 tn USD33,228.68 USD
Gross national product214.77 bn USD20,138.95 USD16.78 tn USD32,621.03 USD

Greece ranked 30th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 5 of the 2000 largest listed companies in the world originate from Greece. This is determined annually in the Forbes Global 2000 list. The 5 largest companies in the country were in 2022:
Rank 1196: National Bank of Greece (Athens)
Rank 1245: Bank of Greece (Athens)
Rank 1698: Piraeus Financial Holdings (Athens)
Rank 1707: Eurobank Ergasias (Athens)
Rank 1723: Alpha Bank (Athens)

Development of the Gross domestic product in billion US Dollar 1960 - 2021


Household debt and deficits 2021


 Greece
Total
Greece
per capita
EU
Total
EU
per capita
Gross debt417.95 bn USD39,190.82 USD15.07 tn USD29,300.11 USD
Budget deficit16.07 bn USD1,507.02 USD799.24 bn USD1,554.11 USD


Im- and Exports 2021

 Greece
Total
Greece
per capita
EU
Total
EU
per capita
Imports102.35 bn USD9,597.65 USD8,916.24 bn USD17,337.55 USD
Exports87.42 bn USD8,196.99 USD9,554.34 bn USD18,578.33 USD

Development of imports and exports in billions of USD 1976 - 2021
Exports
Imports

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