The consequences of the Greek revolution were somewhat ambiguous in the immediate aftermath. An independent Greek state had been established, but with Britain, Russia and France having significant influence in Greek politics, an imported Bavarian dynast as ruler, and a mercenary army. The country had been ravaged by ten years of fighting and was full of displaced refugees and empty Turkish estates, necessitating a series of land reforms over several decades.

As a people, the Greeks no longer provided the princes for the Danubian Principalities, and were regarded within the Ottoman Empire, especially by the Muslim population, as traitors. In Constantinople and the rest of the Ottoman Empire where Greek banking and merchant presence had been dominant, Armenians mostly replaced Greeks in banking, and Jewish merchants gained importance.

In the long-term historical perspective, this marked a seminal event in the collapse of the Ottoman Empire, despite the small size and the impoverishment of the new Greek state. For the first time, a Christian subject people had achieved independence from Ottoman rule and established a fully independent state, recognized by Europe.

The newly established Greek state would become a catalyst for further expansion and, over the course of a century, parts of Macedonia, Crete, Epirus, many Aegean Islands, the Ionian Islands and other Greek-speaking territories would unite with the new Greek state.