Remarkable structural progress linked to reforms that change the way the state collects and manages money
Not many expected what Greece’s economy has just accomplished.
In 2024, it posted a budget surplus of 1.3% of GDP, outpacing nearly every EU peer and beating its own deficit target by two full points.
The primary surplus, excluding interest payments, was even more striking at 4.8%.
These numbers come from Eurostat’s final fiscal report and are now driving new government support programs worth over €1 billion. But numbers alone don’t tell the full story of what’s changed and what still hasn’t.
