Greece will remain on the FTSE Russell equity Watch List for a potential reclassification from an “Advanced Emerging” to a “Developed Market,” the global index provider confirmed in its latest review.
The next formal evaluation of Greece’s market status is scheduled for September 2025.
In its official announcement, FTSE Russell noted that the Greek stock market, currently ranked as an Advanced Emerging Market, was added to the Watch List in September 2024. This designation signals that Greece is under consideration for a status upgrade—an important recognition that could influence investor sentiment and international capital flows.
To qualify for Developed Market status, Greece must fulfill several key criteria:
- Meet all 22 FTSE market quality standards;
- Achieve the minimum thresholds for investable market capitalisation and number of eligible securities, based on figures as of December 31, 2024, and June 30, 2025;
- Maintain a Gross National Income (GNI) per capita rated as “High”;
- Hold an investment-grade credit rating from the three major international rating agencies.
According to FTSE Russell, Greece currently meets the market quality standards, as well as the GNI requirement. Additionally, based on data from December 31, 2024, the country meets the capitalisation and securities threshold. However, a final assessment based on updated data as of June 30, 2025, is still pending.
Greece’s creditworthiness is also under scrutiny. Following a recent upgrade by Moody’s, the country’s investment-grade status is under review, and further positive adjustments by the remaining agencies could strengthen Greece’s case for reclassification.
An upgrade to Developed Market status would place Greece alongside the world’s most established and mature economies in FTSE indices—potentially boosting its visibility to global institutional investors and reflecting the country’s progress in economic reform and financial stability.
The Greek government and market participants are closely watching the process, as the outcome could mark a significant milestone in Greece’s post-crisis recovery and international reintegration.