Greece's economy rebounds, cutting extreme poverty and debt levels

Greece has managed a consistent increase in real per-capita GDP beginning in 2013, interrupted only by the COVID-19 pandemic year. This income rise has enabled a gradual reduction in the proportion of people experiencing extreme poverty, reversing the surge that followed the 2008 crisis. The nation also achieved a notable decline in its public debt ratio, bringing it down to the lowest level recorded since 2010, after a spike that exceeded 200% during the pandemic period.

While the economic turnaround marks significant progress, the country still faces lingering challenges from the 2008 downturn. Comparative data show that Greece's extreme-poverty rate is now lower than that of Spain for the same year.