Greece recorded a Government Budget surplus equal to 1.50 percent of the country's Gross Domestic Product in 2019.

Government Budget in Greece averaged -6.46 percent of GDP from 1995 until 2019, reaching an all time high of 1.50 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 2020.

Government Budget in Greece is expected to reach -6.60 percent of GDP by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Government Budget is projected to trend around -2.60 percent of GDP in 2021 and -0.40 percent of GDP in 2022, according to our econometric models.

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Greece Government Budget

Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.00 1.50 -15.10 1995 - 2019 percent of GDP Yearly

Greece Government Last Previous Highest Lowest Unit
Government Debt to GDP 176.60 181.20 181.20 22.60 percent [+]
Government Budget 1.50 1.00 1.50 -15.10 percent of GDP [+]
Government Budget Value -2249.50 -715.30 22737.60 -30872.00 EUR Million [+]
Government Spending 9591.30 10959.20 14069.70 8175.90 EUR Million [+]
Government Spending to GDP 46.30 46.90 62.40 43.70 percent [+]
Government Revenues 16078.00 14110.00 60352.00 244.00 EUR Million [+]
Government Debt 361828.74 356014.92 367978.00 215415.74 EUR Million [+]
Fiscal Expenditure 23523.00 18172.00 86355.00 1369.00 EUR Million [+]
Military Expenditure 4934.00 5094.00 9095.00 779.00 USD Million [+]
Credit Rating 37.00 [+]
Asylum Applications 2320.00 8510.00 10315.00 390.00 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.