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%.
Greece GDP from 1980 to 2024
The total market value of goods and services produced annually in Greece.
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.
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)
| year | GDP Growth | Nominal GDP | PPP GDP | GDP per Capita | PPP per Capita | Savings | Population | Current Account | Fiscal Balance |
|---|---|---|---|---|---|---|---|---|---|
1980 | 0.679 % | $ 57B 10M | $ 84B 198M | $ 5,948.31 | $ 8,785.14 | 24.84 % | 9M 584K people | -3.845 % | 0 % |
1981 | -1.556 % | $ 52B 605M | $ 90B 730M | $ 5,422.69 | $ 9,352.86 | 19.32 % | 9M 701K people | -4.547 % | 0 % |
1982 | -1.13 % | $ 54B 878M | $ 95B 248M | $ 5,623.93 | $ 9,761.16 | 23.52 % | 9M 758K people | -3.442 % | 0 % |
1983 | -1.078 % | $ 49B 603M | $ 97B 911M | $ 5,050.60 | $ 9,969.37 | 22.70 % | 9M 821K people | -3.786 % | 0 % |
1984 | 2.007 % | $ 48B 329M | $ 103B 480M | $ 4,895.52 | $ 10,482.09 | 21.69 % | 9M 872K people | -4.411 % | 0 % |
1985 | 2.513 % | $ 47B 936M | $ 109B 435M | $ 4,832.49 | $ 11,032.35 | 20.59 % | 9M 920K people | -6.834 % | 0 % |
1986 | 0.515 % | $ 56B 421M | $ 112B 213M | $ 5,670.97 | $ 11,278.74 | 24 % | 9M 949K people | -2.971 % | 0 % |
1987 | -2.257 % | $ 65B 682M | $ 112B 399M | $ 6,577.88 | $ 11,256.42 | 19.85 % | 9M 985K people | -1.862 % | 0 % |
1988 | 4.288 % | $ 76B 447M | $ 121B 352M | $ 7,632.64 | $ 12,116.01 | 22.33 % | 10M 16K people | -1.253 % | -4.317 % |
1989 | 3.799 % | $ 79B 250M | $ 130B 901M | $ 7,879.21 | $ 13,014.58 | 20.78 % | 10M 58K people | -3.232 % | -6.621 % |
1990 | 0 % | $ 97B 963M | $ 135B 800M | $ 9,679.32 | $ 13,417.92 | 20.94 % | 10M 121K people | -3.611 % | -6.034 % |
1991 | 3.102 % | $ 105B 633M | $ 144B 749M | $ 10,282.86 | $ 14,090.69 | 23.49 % | 10M 273K people | -1.49 % | -3.167 % |
1992 | 0.697 % | $ 116B 466M | $ 149B 80M | $ 11,234.16 | $ 14,380.04 | 20.75 % | 10M 367K people | -1.84 % | -2.557 % |
1993 | -1.599 % | $ 109B 22M | $ 150B 173M | $ 10,451.75 | $ 14,396.85 | 20.76 % | 10M 431K people | -0.685 % | -2.708 % |
1994 | 2 % | $ 116B 678M | $ 156B 447M | $ 11,122.87 | $ 14,914.12 | 19.97 % | 10M 490K people | -0.125 % | 1.143 % |
1995 | 2.1 % | $ 136B 941M | $ 163B 81M | $ 12,997.47 | $ 15,478.49 | 20.04 % | 10M 536K people | -2.347 % | 0.964 % |
1996 | 2.862 % | $ 145B 872M | $ 170B 820M | $ 13,776.65 | $ 16,132.84 | 19.80 % | 10M 588K people | -3.492 % | 2.099 % |
1997 | 4.484 % | $ 143B 327M | $ 181B 557M | $ 13,484.16 | $ 17,080.90 | 18.66 % | 10M 629K people | -3.72 % | 2.274 % |
1998 | 3.895 % | $ 144B 644M | $ 190B 749M | $ 13,526.65 | $ 17,838.28 | 22.49 % | 10M 693K people | -2.624 % | 1.431 % |
1999 | 3.073 % | $ 149B 412M | $ 199B 392M | $ 13,901.64 | $ 18,551.96 | 20.51 % | 10M 748K people | -3.579 % | 1.789 % |