Annual government expenditure by function (COFOG) — Gross capital in Greece
Greece: Annual government expenditure by function (COFOG) — Gross capital 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 expenditure by function (COFOG) — Gross capital 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% |
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
- Arms imports 623.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 59.87 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0024 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 54.21 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 623.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 770.96 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0313 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 14.36 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 8.02 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 3,134 SIPRI trend indicator values per square kilometre (2023)
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