Greece recorded a Government Budget deficit equal to 9.70 percent of the country's Gross Domestic Product in 2020. source: National Statistical Service of Greece

Government Budget in Greece averaged -6.66 percent of GDP from 1995 until 2020, reaching an all time high of 1.10 percent of GDP in 2019 and a record low of -15.10 percent of GDP in 2009. This page provides the latest reported value for - Greece Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Government Budget - values, historical data and charts - was last updated on July of 2021.

Government Budget in Greece is expected to reach -10.00 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Government Budget is projected to trend around -3.00 percent of GDP in 2022 and -2.00 percent of GDP in 2023, according to our econometric models.

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Greece Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
-9.70 1.10 1.10 -15.10 1995 - 2020 percent of GDP Yearly

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 205.60 180.50 205.60 22.60 percent of GDP [+]
Government Budget -9.70 1.10 1.10 -15.10 percent of GDP [+]
Government Budget Value -2002.60 -3083.50 22737.60 -30872.00 EUR Million [+]
Government Spending 8684.50 10004.80 12142.00 7037.20 EUR Million [+]
Government Spending to GDP 60.70 47.90 62.90 43.70 percent of GDP [+]
Government Revenues 21977.00 18290.00 60352.00 244.00 EUR Million [+]
Government Debt 380795.05 374005.73 380795.05 215415.74 EUR Million [+]
Fiscal Expenditure 34192.00 29118.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 5237.00 5472.00 9155.00 785.00 USD Million [+]
Credit Rating 38.00 [+]
Asylum Applications 1380.00 1525.00 10315.00 0.00 persons [+]


Greece Government Budget
Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.