Wage bill as a percentage of GDP in Greece

Greece: Wage bill as a percentage of GDP was 11.6% in 2022. ▲ Rising

Latest (2022)
11.6%
Change on year
down 6.1%
World rank
39th
of 188 countries
All-time high
13.5%
in 2020
All-time low
10.5%
in 2001
Years of data
23
2000–2022

Wage bill as a percentage of GDP in Greece, 2000–2022

0510152000201120222000: 10.62001: 10.52002: 112003: 10.72004: 11.42005: 11.52006: 11.12007: 11.22008: 11.72009: 13.22010: 12.52011: 12.82012: 132013: 12.22014: 12.32015: 12.22016: 12.32017: 12.22018: 12.12019: 122020: 13.52021: 12.32022: 11.6

Source: World Bank.

Analysis

Greece recorded 11.6% for wage bill as a percentage of gdp in 2022.

Compared with earlier readings it is down 6.1% on the previous year and down 11.1% over ten years.

Over the whole period, wage bill as a percentage of gdp in Greece peaked at 13.5% in 2020 and was at its lowest, 10.5%, in 2001.

That places Greece 39th out of 188 countries with data for 2022, putting it in the top quarter.

The long-run direction has been consistently rising across the 23 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 11.3% 10.5% 13.2% 10
2010s 12.4% 12.0% 13.0% 10
2020s 12.5% 11.6% 13.5% 3

Countries ranked near Greece

  1. 36 Croatia 11.6% compare
  2. 37 Spain 11.6% compare
  3. 38 San Marino 11.6% compare
  4. 40 Slovenia 11.6% compare
  5. 41 Saint Kitts and Nevis 11.5% compare
  6. 42 Macao 11.4% compare

See the full ranking of 190 places →

More reference data data for Greece

All data for Greece →

Frequently asked questions

What is wage bill as a percentage of gdp in Greece?
Wage bill as a percentage of gdp in Greece was 11.6% in 2022, according to the World Bank.
What is the highest wage bill as a percentage of gdp recorded in Greece?
The highest recorded value was 13.5% in 2020.
What is the lowest wage bill as a percentage of gdp recorded in Greece?
The lowest recorded value was 10.5% in 2001.
How does Greece rank for wage bill as a percentage of gdp?
Greece ranks 39th out of 188 countries with data for 2022.
Is wage bill as a percentage of gdp rising or falling in Greece?
Over the last ten years it is down 11.1%. The long-run trend across the full record is rising.
Where does this Greece data come from?
The figures come from the World Bank, published as part of Wage bill as a percentage of GDP. Statizoid updates them automatically from the source API.

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About this data

Indicator
Wage bill as a percentage of GDP
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 4,104 data points, 2000–2022
Last refreshed