Greece - Expense (% of GDP)

Expense (% of GDP) in Greece was 46.70 as of 2019. Its highest value over the past 47 years was 60.16 in 2013, while its lowest value was 15.81 in 1973.

Definition: Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates.

See also:

Year Value
1972 16.09
1973 15.81
1974 18.20
1975 17.90
1976 19.36
1977 20.31
1978 20.15
1979 19.98
1980 21.40
1981 24.18
1982 33.70
1983 27.38
1984 31.25
1985 31.58
1986 31.40
1987 34.34
1988 34.13
1989 38.27
1990 42.29
1995 42.86
1996 42.41
1997 42.41
1998 42.71
1999 41.79
2000 42.85
2001 42.43
2002 42.00
2003 42.02
2004 43.45
2005 42.94
2006 42.42
2007 44.05
2008 47.21
2009 51.27
2010 50.96
2011 54.83
2012 56.08
2013 60.16
2014 48.95
2015 51.29
2016 48.24
2017 47.57
2018 47.89
2019 46.70

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance