Greece’s 2024 fiscal performance has outpaced all expectations, with official data from Eurostat released on Tuesday confirming a robust financial turnaround that significantly exceeded both domestic and EU projections.
According to the figures, the country posted a primary surplus — which excludes interest payments — of 4.8% of its Gross Domestic Product (GDP), nearly doubling the initial target of 2.5%. In absolute terms, this translated to a surplus of €11.4 billion, far surpassing the projected €6 billion.
Even the overall fiscal balance, which includes interest payments, showed a notable improvement. Greece recorded a surplus of 1.3% of GDP, overturning earlier forecasts that predicted a deficit of 0.7%.
The data was submitted to Eurostat at the end of March by the Hellenic Statistical Authority (ELSTAT), as part of the EU’s Excessive Deficit Procedure.
These results mark a significant fiscal achievement for Greece, underscoring the country’s continued economic recovery and its commitment to sound public finances within the European Union framework.