Greece
Government finance and cost-of-living data from Eurostat — spending, debt, tax, and comparative prices.
Headline stats
Debt peaked at 209.4% GDP in 2020 — now 146.1%.
Government debt
146.1% GDP
2025
EU27 avg: 81.7% GDP (2025)
Govt expenditure
48.2% GDP
2024
Budget surplus
1.7% GDP
2025
EU27 avg: 3.1% GDP (2025)
Tax revenue
17% GDP
2024
Public sector jobs
1,086k
2024
Tax rates
What Greece takes — statutory rates and effective burden on workers.
Labour tax wedge
27.5% of labour cost
2025
Top income tax rate
44%
2024
Corporate tax rate
22%
2024
Standard VAT rate
24%
2024
Labour tax wedge: effective % of gross labour cost (salary + employer contributions) going to income tax and social contributions for a single person at average wage. Source: Eurostat earn_nt_taxrate. Statutory rates: OECD Taxing Wages 2024 / EC Taxation Trends 2024.
Comparative prices
Greece is 18.7% cheaper than the EU average overall (2024). Index: EU27 = 100.
| Category | Price index | vs EU avg |
|---|---|---|
| Overall price level | 81.3 | -18.7% |
| Food & non-alcoholic drinks | 105.8 | +5.8% |
| Housing, utilities & energy | 70.5 | -29.5% |
| Restaurants & hotels | 86.4 | -13.6% |
| Transport | 90.1 | -9.9% |
| Health | 81.8 | -18.2% |
| Education | 59.0 | -41.0% |
| Clothing & footwear | 90.1 | -9.9% |
| Recreation & culture | 86.2 | -13.8% |
| Alcohol & tobacco | 96.5 | -3.5% |
| Household furnishings | 91.6 | -8.4% |
| Communication | 144.1 | +44.1% |
| Miscellaneous | 82.7 | -17.3% |
Source: Eurostat prc_ppp_ind. EU27_2020 = 100. Green = cheaper than EU average.
Government debt since 2011
| Year | Debt (% GDP) | Change |
|---|---|---|
| 2011 | 175.1 | — |
| 2012 | 164.1 | -11 |
| 2013 | 180.4 | +16.3 |
| 2014 | 182.7 | +2.3 |
| 2015 | 179.6 | -3.1 |
| 2016 | 183.1 | +3.5 |
| 2017 | 182.1 | -1 |
| 2018 | 189 | +6.9 |
| 2019 | 183.2 | -5.8 |
| 2020 | 209.4 | +26.2 |
| 2021 | 197.3 | -12.1 |
| 2022 | 177.8 | -19.5 |
| 2023 | 164.3 | -13.5 |
| 2024 | 154.2 | -10.1 |
| 2025 | 146.1 | -8.1 |
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Data sources
| Dataset | Source | Coverage |
|---|---|---|
| Govt expenditure / debt / deficit | Eurostat gov_10dd_edpt1 | 1995–2025 |
| Tax revenue | Eurostat gov_10a_taxag | 1995–2025 |
| Public employment (NACE O-Q) | Eurostat nama_10_a64_e | 1995–2024 |
| Tax breakdown (VAT, income, social) | Eurostat gov_10a_taxag | 2000–2023 |
| Labour tax wedge | Eurostat earn_nt_taxrate | 2000–2023 |
| Statutory tax rates (income, corporate, VAT) | OECD / EC Taxation Trends 2024 | 2024 |
| Comparative price levels (13 categories) | Eurostat prc_ppp_ind | 1995–2024 |