Greece GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Greece's GDP changed from approximately $57B 10M in 1980 to $250B 276M in 2024, showing an overall 339.0% sharply increased during the period.
The lowest GDP was recorded in 1985 at $47B 936M, and the highest in 2008 at $355B 870M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 3.4%.
For comparison, the average annual growth rate of Turkey was 5.7%, and that of Italy was 3.7%.

Overview of Greece's GDP (1980–2024)

The Gross Domestic Product (GDP) of Greece recorded a 339.0% sharply increased from 1980 to 2024.
The average GDP during this period was $170B 221M, and the median was $154B 455M.
GDP fluctuated within a range of $307B 934M, with a standard deviation of $85B 195M.
The average annual change was $5B 186M.


Greece GDP from 1980 to 2024

The total market value of goods and services produced annually in Greece.

Change Chart

    Highest and Lowest GDP Records

    • Lowest GDP: 1985, $47B 936M
    • Highest GDP: 2008, $355B 870M
    • Most Recent GDP: 2024, $250B 276M

    Notable Annual GDP Changes

    • 2003: Significant increase in GDP
    • 2012: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Greece's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $205B 275M → $188B 329M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $318B 940M → $330B 949M
    • Outcome: increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $132B 198M → $136B 310M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $143B 327M → $144B 644M
    • Outcome: remained stable

    Key Economic Indicators of Greece (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 57B 10M
    $ 5,948.31
    $ 8,785.14
    $ 84B 198M
    0.679 %
    -3.845 %
    24.84 %
    0 %
    9M 584K people
    1981
    $ 52B 605M
    $ 5,422.69
    $ 9,352.86
    $ 90B 730M
    -1.556 %
    -4.547 %
    19.32 %
    0 %
    9M 701K people
    1982
    $ 54B 878M
    $ 5,623.93
    $ 9,761.16
    $ 95B 248M
    -1.13 %
    -3.442 %
    23.52 %
    0 %
    9M 758K people
    1983
    $ 49B 603M
    $ 5,050.60
    $ 9,969.37
    $ 97B 911M
    -1.078 %
    -3.786 %
    22.70 %
    0 %
    9M 821K people
    1984
    $ 48B 329M
    $ 4,895.52
    $ 10,482.09
    $ 103B 480M
    2.007 %
    -4.411 %
    21.69 %
    0 %
    9M 872K people
    1985
    $ 47B 936M
    $ 4,832.49
    $ 11,032.35
    $ 109B 435M
    2.513 %
    -6.834 %
    20.59 %
    0 %
    9M 920K people
    1986
    $ 56B 421M
    $ 5,670.97
    $ 11,278.74
    $ 112B 213M
    0.515 %
    -2.971 %
    24 %
    0 %
    9M 949K people
    1987
    $ 65B 682M
    $ 6,577.88
    $ 11,256.42
    $ 112B 399M
    -2.257 %
    -1.862 %
    19.85 %
    0 %
    9M 985K people
    1988
    $ 76B 447M
    $ 7,632.64
    $ 12,116.01
    $ 121B 352M
    4.288 %
    -1.253 %
    22.33 %
    -4.317 %
    10M 16K people
    1989
    $ 79B 250M
    $ 7,879.21
    $ 13,014.58
    $ 130B 901M
    3.799 %
    -3.232 %
    20.78 %
    -6.621 %
    10M 58K people
    1990
    $ 97B 963M
    $ 9,679.32
    $ 13,417.92
    $ 135B 800M
    0 %
    -3.611 %
    20.94 %
    -6.034 %
    10M 121K people
    1991
    $ 105B 633M
    $ 10,282.86
    $ 14,090.69
    $ 144B 749M
    3.102 %
    -1.49 %
    23.49 %
    -3.167 %
    10M 273K people
    1992
    $ 116B 466M
    $ 11,234.16
    $ 14,380.04
    $ 149B 80M
    0.697 %
    -1.84 %
    20.75 %
    -2.557 %
    10M 367K people
    1993
    $ 109B 22M
    $ 10,451.75
    $ 14,396.85
    $ 150B 173M
    -1.599 %
    -0.685 %
    20.76 %
    -2.708 %
    10M 431K people
    1994
    $ 116B 678M
    $ 11,122.87
    $ 14,914.12
    $ 156B 447M
    2 %
    -0.125 %
    19.97 %
    1.143 %
    10M 490K people
    1995
    $ 136B 941M
    $ 12,997.47
    $ 15,478.49
    $ 163B 81M
    2.1 %
    -2.347 %
    20.04 %
    0.964 %
    10M 536K people
    1996
    $ 145B 872M
    $ 13,776.65
    $ 16,132.84
    $ 170B 820M
    2.862 %
    -3.492 %
    19.80 %
    2.099 %
    10M 588K people
    1997
    $ 143B 327M
    $ 13,484.16
    $ 17,080.90
    $ 181B 557M
    4.484 %
    -3.72 %
    18.66 %
    2.274 %
    10M 629K people
    1998
    $ 144B 644M
    $ 13,526.65
    $ 17,838.28
    $ 190B 749M
    3.895 %
    -2.624 %
    22.49 %
    1.431 %
    10M 693K people
    1999
    $ 149B 412M
    $ 13,901.64
    $ 18,551.96
    $ 199B 392M
    3.073 %
    -3.579 %
    20.51 %
    1.789 %
    10M 748K people