Greece's net primary income (net income from abroad) (constant LCU) was -5.86 billion in 2024, the latest year in the World Bank's World Development Indicators. That is down 1,644% from -336.09 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -5.86 billion | 2024 |
| Five years earlier | -2.7 billion | 2019 |
| Ten years earlier | -336.09 million | 2014 |
| Highest | 431.79 million | 2012 |
| Lowest | -7.48 billion | 2008 |
| Average since 2015 | -2.85 billion | 2015–2024 |
| First recorded | -4.73 billion |
What the numbers say
In 2024, Greece's net primary income (net income from abroad) (constant LCU) fell 192.15 million on 2023 (from -5.67 billion to -5.86 billion).
Across the 17 yearly changes before that (2007 to 2023), the average change was −55.51 million and a typical year strayed about 1.97 billion from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 5.72 billion in 2012 and the biggest yearly fall was 3.17 billion in 2023. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is downward, about 370.82 million a year. A straight line explains 46% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Greece had the 11th highest value of the 17 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Greece in the 2024 ranking
- Lithuania — 7th of 17: -1.33 billion
- Slovak Republic — 8th of 17: -3.25 billion
- Spain — 9th of 17: -3.43 billion
- United States — 11th of 17: -7.01 billion
- New Zealand — 12th of 17: -9.55 billion
- United Kingdom — 13th of 17: -17.73 billion
What this measures
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 19 values
| Year | Net primary income (net income from abroad) (constant LCU) |
|---|---|
| 2024 | -5,862,261,000 |
| 2023 | -5,670,110,000 |
| 2022 | -2,500,259,000 |
| 2021 | -1,280,777,000 |
| 2020 | -1,693,180,000 |
| 2019 | -2,697,826,000 |
| 2018 | -3,349,012,000 |
| 2017 | -2,091,698,000 |
| 2016 | -1,993,058,000 |
| 2015 | -1,349,719,000 |
Net primary income (net income from abroad) (constant LCU) in nearby economies
More economic policy & debt data for Greece
- Total reserves, including gold (current US$) — US$24.05 billion (2025)
- Total reserves, excluding gold (current US$) — US$7.94 billion (2025)
- General government final consumption expenditure (current US$) — US$51.18 billion (2025)
- General government final consumption expenditure (current LCU) — 45.29 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$41.73 billion (2025)
- General government final consumption expenditure (constant LCU) — 39.07 billion (2025)
- General government final consumption expenditure (% of GDP) — 18.24% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$193.78 billion (2025)
Reading data like this
Questions people ask
- What is Greece's net primary income (net income from abroad) (constant LCU)?
- -5.86 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2006?
- It is down 24.03% from -4.73 billion in 2006. The highest value was 431.79 million in 2012 and the lowest -7.48 billion in 2008.
- How does Greece rank?
- 11th highest of 17 economies with data for 2024.
- Is the latest change in net primary income (net income from abroad) (constant LCU) unusual for Greece?
- In 2024, Greece's net primary income (net income from abroad) (constant LCU) fell 192.15 million on 2023 (from -5.67 billion to -5.86 billion). Across the 17 yearly changes before that (2007 to 2023), the average change was −55.51 million and a typical year strayed about 1.97 billion from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GSR.NFCY.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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