The coast of Greece

Greece Public Debt (% of GDP)

Public Debt in Greece

Growth should have slowed in Q1 on tighter financing conditions. That said, survey data suggests that activity remained healthy. Economic sentiment averaged higher in Q1 relative to Q4, likely reflecting a softer-than-expected downturn. Moreover, the manufacturing PMI improved throughout the quarter as price pressures eased. Meanwhile, on 21 April, S&P affirmed the country’s ‘BB+/B’ rating and upgraded the outlook to positive, highlighting sound structural reforms and a sharp decline in the fiscal deficit. In politics, Greece will hold parliamentary elections on 21 May. The ruling right-wing New Democracy party is narrowly leading the leftist Syriza in polls. That said, it is widely expected that no party will be able to form a government, given that the winner will not receive the usual 50-seat majority bonus. Notably, if additional elections were held, the bonus would come back into effect.

Greece Public Debt Chart

This chart displays Public Debt (% of GDP) for Greece from 2013 to 2022.

Greece Public Debt Data

2017 2018 2019 2020 2021
Public Debt (% of GDP) 180 186 181 206 195

Free sample report

Interested in economic reports, analysis and data? FocusEconomics provides data, forecasts and analysis for hundreds of countries and commodities. Request your free sample report now.

Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest