Greece is estimated that within 2026 will not be the country with the highest debt in the Eurozone after about 20 years and its place will be taken by Italy.
Greek debt this year will decrease by 9.3% and will reach 136.8% of GDP, from 146.1% in 2025, while Italy will see its debt rise to 138.6% of GDP from 137.1% last year.
The new estimate for Greek debt is to be reflected in the annual progress report for the targets of the Medium-Term Fiscal – Structural Plan 2026-2029 that the economic staff will submit to the European Commission next week.
GDP (Gross Domestic Product) is the total monetary value of all final goods and services produced within a country in one year.
Some reasons, as described by Kathimerini, are the prudent fiscal policy, with the creation of primary surpluses, the early repayment of loans of the International Monetary Fund and of the first memorandum, as well as the strong growth rates, which were double compared to many countries of the Eurozone. However, this is also due to the high inflation, as increased prices boost nominal GDP, improving in accounting terms the picture of debt to GDP.
The debt of Greece peaked in 2021 at 212.9% of GDP, fell by 66.8% at the end of 2025 and by the end of 2026, the reduction will have reached 76%.
Source: Καθημερινή
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