Goods and services expense in Greece
Greece: Goods and services expense was 8.2% in 2023. ◆ Volatile
Goods and services expense in Greece, 1972–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Greece stood at 8.2%.
That represents a change of up 4.5% on the previous year and up 40.5% over ten years.
Over the whole period, goods and services expense in Greece peaked at 36.0% in 1995 and was at its lowest, 5.9%, in 2013.
Greece ranks 120th of 154 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods and services expense in Greece, year by year
| Year | % of expense | Change |
|---|---|---|
| 1972 | 20.5% | — |
| 1973 | 28.6% | +39.0% |
| 1974 | 27.1% | -5.0% |
| 1975 | 26.1% | -3.9% |
| 1976 | 29.9% | +14.8% |
| 1977 | 28.0% | -6.4% |
| 1980 | 18.4% | -34.5% |
| 1981 | 17.1% | -6.9% |
| 1982 | 12.8% | -25.2% |
| 1983 | 17.7% | +38.0% |
| 1984 | 17.3% | -2.1% |
| 1985 | 16.1% | -6.8% |
| 1986 | 17.3% | +7.6% |
| 1987 | 16.8% | -3.4% |
| 1988 | 17.1% | +2.0% |
| 1989 | 15.3% | -10.6% |
| 1990 | 11.4% | -25.5% |
| 1995 | 36.0% | +215.9% |
| 1996 | 35.7% | -0.7% |
| 1997 | 9.7% | -72.9% |
| 1998 | 9.8% | +1.4% |
| 1999 | 10.8% | +9.7% |
| 2000 | 10.2% | -5.5% |
| 2001 | 11.9% | +16.6% |
| 2002 | 11.2% | -6.1% |
| 2003 | 11.5% | +3.1% |
| 2004 | 12.1% | +5.6% |
| 2005 | 11.0% | -9.6% |
| 2006 | 12.0% | +9.7% |
| 2007 | 12.6% | +4.8% |
| 2008 | 10.6% | -16.0% |
| 2009 | 10.3% | -2.7% |
| 2010 | 9.4% | -8.8% |
| 2011 | 7.2% | -23.9% |
| 2012 | 7.1% | -0.8% |
| 2013 | 5.9% | -17.6% |
| 2014 | 7.6% | +30.2% |
| 2015 | 7.3% | -4.5% |
| 2016 | 8.2% | +12.5% |
| 2017 | 8.2% | +0.1% |
| 2018 | 7.0% | -15.0% |
| 2019 | 7.2% | +3.4% |
| 2020 | 6.7% | -6.7% |
| 2021 | 7.5% | +11.1% |
| 2022 | 7.9% | +5.4% |
| 2023 | 8.2% | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 26.7% | 20.5% | 29.9% | 6 |
| 1980s | 16.6% | 12.8% | 18.4% | 10 |
| 1990s | 18.9% | 9.7% | 36.0% | 6 |
| 2000s | 11.3% | 10.2% | 12.6% | 10 |
| 2010s | 7.5% | 5.9% | 9.4% | 10 |
| 2020s | 7.6% | 6.7% | 8.2% | 4 |
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 goods and services expense in Greece?
- Goods and services expense in Greece was 8.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Greece?
- The highest recorded value was 36.0% in 1995.
- What is the lowest goods and services expense recorded in Greece?
- The lowest recorded value was 5.9% in 2013.
- How does Greece rank for goods and services expense?
- Greece ranks 120th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Greece?
- Over the last ten years it is up 40.5%. The long-run trend across the full record is volatile.
- Where does this Greece data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.