Olivia's Greatest Hits Vol. 2 is the second hits collection from English-born, Australianpop singer Olivia Newton-John released in September 1982. The album compiled most singles released by Newton-John since the release of her 1977 Olivia Newton-John's Greatest Hits album from her following albums and soundtracks. The album included two new recordings; "Heart Attack" and "Tied Up." Both songs were released as singles and reached #3 and #38 on the pop charts, respectively. "Heart Attack" was a Number One single in France.
The album omitted some singles released by Newton-John during this period including songs from Grease ("Summer Nights"), Totally Hot ("Deeper Than The Night'," "Totally Hot," "Dancin' 'Round And 'Round") and Physical ("Landside"). The album also did not include "I Can't Help It", her duet with Andy Gibb from his After Dark album.
The album only climbed to No. 16 on the Billboard 200, but spent over 80 weeks on the chart and ultimately ranked as the No. 10 album of 1983. This was the longest charting album of Newton-John's career and her first non-soundtrack album to rank in the year-end Top 10.
The album was released in the United Kingdom as Olivia's Greatest Hits with a slightly different cover and a 19-track listing covering all of her major UK hits from If Not For You. It peaked at number 8 with a 38-week chart run.
The album was certified double Platinum by the RIAA in the US and Platinum in the UK.