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> Economy

Greece is a champion in debt reduction this year – Surplus of €2.91 billion in 2024

Greece's debt in Q2 2025 was down 8.9% compared to Q2 2024 and down 1.1% compared to Q1 2025

Newsroom October 21 01:49

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Based on ELSTAT data, 2024 for our country ended with a fiscal surplus of 2.91 billion euros or 1.2% of GDP and a debt of 364.9 billion euros or 154.2% of GDP. The primary surplus last year was 11.14 billion euros or 4.7% of GDP.

It should be recalled that the original ELSTAT data in April had shown the fiscal surplus at 1.3% of GDP and the debt at 153.6%.

 

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State Budget Office in the Parliament: Primary surplus for debt reduction, not benefits

Debt Reduction, Economic Growth, and Income Increase: Key Insights from the Medium-Term Programme in 10 Q&As

Bank of Greece: Cash primary surplus of 1.99 billion euros in the first half of the year

Similarly, based on today’s Eurostat and ELSTAT data, Greece’s debt in the second quarter of 2025 stood at €368.61 billion, equivalent to 151.2% of GDP. The debt was down 8.9% compared to the second quarter of 2024 and 1.1% compared to the first quarter of 2025, at the same time that 16 member states saw their debt increase.

 

 

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