Greece has posted the second highest GDP-per-person growth among 17 advanced economies since 2019, clocking in at approx...

Greece has posted the second highest GDP-per-person growth among 17 advanced economies since 2019, clocking in at approximately 15.8%, according to a Financial Times comparison of developed nations. Only South Korea ranked higher. The United States came in third at 13.3%. The ranking covers 17 advanced economies, so it is not a global standing, but it is a significant result for a country that spent most of the 2010s in fiscal freefall. Greece lost roughly a quarter of its economic output during the debt crisis years between 2010 and 2016, and rebuilding from that floor has been one of the steepest climbs in modern European economic history. GDP per person is considered one of the cleaner measures of living standards improvement because it accounts for population changes. Greece's population has been declining gradually, which can mathematically lift the per-capita figure, but the underlying nominal growth has also been strong, driven by a rebound in tourism, a tightening labor market, and improved fiscal management. The comparison puts Greece well ahead of most of its Western European peers, including Germany and France. That is a sharp reversal from the narrative that dominated the previous decade, when Greece was treated as the cautionary tale of eurozone fiscal mismanagement. South Korea's first-place finish reflects its sustained export-driven expansion and technology sector momentum. Greece's second place reflects recovery momentum as much as structural transformation, but the direction of travel is clearly positive. #Greece #Economy #GDP