Annual government: Gross capital formation … acquisitions in Greece
Greece: Annual government: Gross capital formation … acquisitions was 9,030 National currency in 2024. ▼ Falling
Annual government expenditure by function (COFOG) — Gross capital in Greece, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual government expenditure by function (cofog) — gross capital in Greece stood at 9,030 National currency.
Compared with earlier readings it is up 4.9% on the previous year and up 26.4% over ten years.
Over the whole period, annual government expenditure by function (cofog) — gross capital in Greece peaked at 13,876 National currency in 2008 and was at its lowest, 3,944 National currency, in 1995.
That places Greece 25th out of 28 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Annual government: Gross capital formation … acquisitions in Greece, year by year
| Year | National currency | Change |
|---|---|---|
| 1995 | 3,944 National currency | — |
| 1996 | 4,473 National currency | +13.4% |
| 1997 | 5,192 National currency | +16.1% |
| 1998 | 7,092 National currency | +36.6% |
| 1999 | 8,754 National currency | +23.4% |
| 2000 | 8,319 National currency | -5.0% |
| 2001 | 8,916 National currency | +7.2% |
| 2002 | 9,786 National currency | +9.8% |
| 2003 | 11,899 National currency | +21.6% |
| 2004 | 11,938 National currency | +0.3% |
| 2005 | 9,356 National currency | -21.6% |
| 2006 | 10,549 National currency | +12.8% |
| 2007 | 11,833 National currency | +12.2% |
| 2008 | 13,876 National currency | +17.3% |
| 2009 | 12,549 National currency | -9.6% |
| 2010 | 8,453 National currency | -32.6% |
| 2011 | 5,189 National currency | -38.6% |
| 2012 | 4,956 National currency | -4.5% |
| 2013 | 8,637 National currency | +74.3% |
| 2014 | 7,146 National currency | -17.3% |
| 2015 | 8,240 National currency | +15.3% |
| 2016 | 6,204 National currency | -24.7% |
| 2017 | 5,244 National currency | -15.5% |
| 2018 | 4,641 National currency | -11.5% |
| 2019 | 4,510 National currency | -2.8% |
| 2020 | 5,267 National currency | +16.8% |
| 2021 | 6,715 National currency | +27.5% |
| 2022 | 7,791 National currency | +16.0% |
| 2023 | 8,605 National currency | +10.4% |
| 2024 | 9,030 National currency | +4.9% |
Greece compared with similar countries
- Greece's 9,030 National currency is below the median for high income countries, which is 92,572 National currency, 10% of the median. (27 countries reporting)
- Greece's 9,030 National currency is below the median for Europe & Central Asia, which is 79,675 National currency, 11% of the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5,891 National currency | 3,944 National currency | 8,754 National currency | 5 |
| 2000s | 10,902 National currency | 8,319 National currency | 13,876 National currency | 10 |
| 2010s | 6,322 National currency | 4,510 National currency | 8,637 National currency | 10 |
| 2020s | 7,482 National currency | 5,267 National currency | 9,030 National currency | 5 |
Countries ranked near Greece
More public sector data for Greece
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is annual government expenditure by function (cofog) — gross capital in Greece?
- Annual government expenditure by function (cofog) — gross capital in Greece was 9,030 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual government expenditure by function (cofog) — gross capital recorded in Greece?
- The highest recorded value was 13,876 National currency in 2008.
- What is the lowest annual government expenditure by function (cofog) — gross capital recorded in Greece?
- The lowest recorded value was 3,944 National currency in 1995.
- How does Greece rank for annual government expenditure by function (cofog) — gross capital?
- Greece ranks 25th out of 28 countries with data for 2024.
- Is annual government expenditure by function (cofog) — gross capital rising or falling in Greece?
- Over the last ten years it is up 26.4%. The long-run trend across the full record is falling.
- Where does this Greece data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual government expenditure by function (COFOG) — Gross capital formation and acquisitions less disposals of non-produced assets. Statizoid updates them automatically from the source API.
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About this data
This table provides a breakdown of government expenditure according to the Classification of the Functions of Government (COFOG), which shows how much governments spend in areas such as health, education, environmental protection, defence and servicing public debt. The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Data is presented for each country in national currency as well as in euros for the European Union and the euro area. Data are also available, for most countries, for the sub-sectors of general government. Specific categories of expenditure (such as health and education) can be selected using the ‘Expenditure’ filter, while details of the type of expenditure such as compensation of employees (payment of wages and salaries and employers’ social contributions) can be selected using the ‘Transaction’ filter. For government final consumption expenditure a breakdown is also provided, in the ‘Transaction’ filter, between individual and collective consumption expenditure. Data is for General Government. For most countries, results are also available for the General Government sub-sectors: central, local and state (regional) government and social security. These sub-sectors can be selected using the ‘Institutional sector’ filter. These indicators were presented in the previous dissemination system in the SNA_TABLE11 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the Government Finances and Public Sector Debt webpage: Government Finances and Public Sector Debt webpage OECD statistics contact: STAT.Contact@oecd.org