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 December 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


Related Last Previous Unit Reference
Government Debt to GDP 205.60 180.50 percent of GDP Dec/20
Government Budget -9.70 1.10 percent of GDP Dec/20
Government Spending 9322.70 8946.80 EUR Million Jun/21
Government Spending to GDP 60.70 47.90 percent of GDP Dec/20
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.