Greece recorded a Government Budget deficit equal to 1.60 percent of the country's Gross Domestic Product in 2023. Government Budget in Greece averaged -6.38 percent of GDP from 1995 until 2023, reaching an all time high of 0.90 percent of GDP in 2018 and a record low of -15.20 percent of GDP in 2009. source: National Statistical Service of Greece

Government Budget in Greece is expected to reach -1.00 percent of GDP by the end of 2024, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Government Budget is projected to trend around -1.20 percent of GDP in 2025 and -0.80 percent of GDP in 2026, according to our econometric models.




Related Last Previous Unit Reference
Government Budget -1.60 -2.50 percent of GDP Dec 2023
Government Debt to GDP 161.90 172.70 percent of GDP Dec 2023
Government Spending 9053.50 9775.10 EUR Million Sep 2024
Government Spending to GDP 50.50 53.10 percent of GDP Dec 2023

Greece Government Budget
The Government Budget to GDP ratio is an itemized accounting of the payments received by the government (taxes and other fees) and the payments made by the government (purchases and transfer payments) relative to GDP. A budget deficit occurs when a government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
Actual Previous Highest Lowest Dates Unit Frequency
-1.60 -2.50 0.90 -15.20 1995 - 2023 percent of GDP Yearly