Greece: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Greece |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -1.60 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1995 - 2023 |
| Average | -6.38 |
| Min - Max | -15.20 - 0.90 |
| Source | Hellenic Statistical Authority |
The latest value from 2023 is -1.6 percent, an increase from -2.5 percent in 2022. In comparison, the world average is -3.15 percent, based on data from 118 countries. Historically, the average for Greece from 1995 to 2023 is -6.38 percent. The minimum value, -15.2 percent, was reached in 2009 while the maximum of 0.9 percent was recorded in 2018.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 20.11 | 2022 | percent |
| Government spending, in dollars | 46.96 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.60 | 2023 | percent |
| Government debt | 161.90 | 2023 | percent |
| Government expenditure | 10.25 | Q3/2023 | billion |
| Long-term government bond yield | 4.08 | 9/2023 | percent |
| Tax revenue | 25.37 | 2021 | percent |
| Commercial tax rate | 51.90 | 2019 | percent |
| Tax preparation time | 193 | 2019 | hours |
| Number of taxes | 8 | 2019 | taxes |
| Taxes on goods and services | 32.19 | 2021 | percent |
| Taxes on international trade | 0.02 | 2021 | percent |
| Income and profits taxes | 17.03 | 2021 | percent |