The Greek stock market will rejoin the MSCI Developed Markets Index next year.

SighingCashier · 2026-04-01T07:14:31+00:00

MSCI announces that the Greek stock market will rejoin the Developed Markets Index in May next year, marking a significant step in economic recovery. This reclassification has received support from market participants and will be reflected in all MSCI indices by 2027. Greece was previously the only Eurozone market not classified as a developed market, but this change is expected to lead to capital outflows.

SighingCashier

2026-04-01 07:14:31

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Index provider MSCI said that Greece’s stock market will return to the MSCI Developed Markets Index in May next year, marking important progress in economic recovery after the debt crisis that began in 2009.

In its statement, MSCI said that most market participants that took part in the consultation supported the proposed reclassification. The reclassification will be reflected in the index review in May 2027, and will apply once to all MSCI indexes, including standard indexes, customized indexes, and derivative indexes. Once it is reclassified as a developed market, Greece will be included in the construction process for the Developed Europe Single Market Index, to determine the MSCI Greece Index.

MSCI launched the consultation in January and received feedback from global market participants, including asset management firms and brokerages. Most participants supported the proposed reclassification.

Greece had previously been the only euro area market not classified by MSCI as a developed market. Greece’s stock market was downgraded to the emerging markets in 2013.

Because differences in requirements exist, not all Greek companies currently in the emerging markets index will be able to enter the developed markets index. JPMorgan and Goldman Sachs both expect that this classification change will lead to net outflows of capital.

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