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.
Data Source: International Monetary Fund
Image Source: Freepik from www.flaticon.com
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 | Nominal GDP | GDP per Capita | PPP per Capita | PPP GDP | GDP Growth | Current Account | Savings | Fiscal Balance | Population |
|---|---|---|---|---|---|---|---|---|---|
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 |
