| Gl - Gu
:
Greece
|
Last Updated: Nov 6th, 2006 - 10:50:18 |
|
Economy - overview:
|
Greece has a mixed capitalist economy with the public sector accounting for half of GDP and with per capita GDP 70% of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in menial jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of GDP. The Greek economy grew by 4.0% in 2003 and is expected to grow by 4.2% in 2004, the year that Athens will host the 2004 Olympic Games. Remaining challenges include the reduction of the public debt, inflation, and unemployment; and further restructuring of the economy, including privatizing several state enterprises, undertaking pension and other reforms, and minimizing bureaucratic inefficiencies.
|
|
GDP:
|
purchasing power parity - $212.2 billion (2003 est.)
|
|
GDP - real growth rate:
|
4% (2003 est.)
|
|
GDP - per capita:
|
purchasing power parity - $19,900 (2003 est.)
|
|
GDP - composition by sector:
|
agriculture: 6.7%
industry: 22%
services: 71.2% (2003 est.)
|
|
Investment (gross fixed):
|
25.5% of GDP (2003)
|
|
Population below poverty line:
|
NA
|
|
Household income or consumption by percentage share:
|
lowest 10%: 3%
highest 10%: 25.3% (1993 est.)
|
|
Distribution of family income - Gini index:
|
32.7 (1993)
|
|
Inflation rate (consumer prices):
|
3.6% (2003 est.)
|
|
Labor force:
|
4.39 million (2003 est.)
|
|
Labor force - by occupation:
|
industry 20%, agriculture 20%, services 59% (2000 est.)
|
|
Unemployment rate:
|
9.4% (2003 est.)
|
|
Budget:
|
revenues: $76.84 billion
expenditures: $79.48 billion, including capital expenditures of NA (2003 est.)
|
|
Public debt:
|
100.9% of GDP (2003)
|
|
Agriculture - products:
|
wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products
|
|
Industries:
|
tourism; food and tobacco processing, textiles; chemicals, metal products; mining, petroleum
|
|
Industrial production growth rate:
|
0.7% (2003 est.)
|
|
Electricity - production:
|
49.79 billion kWh (2001)
|
|
Electricity - production by source:
|
fossil fuel: 94.5%
hydro: 3.8%
other: 1.7% (2001)
nuclear: 0%
|
|
Electricity - consumption:
|
48.8 billion kWh (2001)
|
|
Electricity - exports:
|
1.062 billion kWh (2001)
|
|
Electricity - imports:
|
3.562 billion kWh (2001)
|
|
Oil - production:
|
5,992 bbl/day (2001 est.)
|
|
Oil - consumption:
|
405,700 bbl/day (2001 est.)
|
|
Oil - exports:
|
84,720 bbl/day (2001)
|
|
Oil - imports:
|
468,300 bbl/day (2001)
|
|
Oil - proved reserves:
|
4.5 million bbl (1 January 2002)
|
|
Natural gas - production:
|
35 million cu m (2001 est.)
|
|
Natural gas - consumption:
|
2.021 billion cu m (2001 est.)
|
|
Natural gas - exports:
|
0 cu m (2001 est.)
|
|
Natural gas - imports:
|
2.018 billion cu m (2001 est.)
|
|
Natural gas - proved reserves:
|
254.9 million cu m (1 January 2002)
|
|
Current account balance:
|
$-11.33 billion (2003)
|
|
Exports:
|
$5.899 billion f.o.b. (2003 est.)
|
|
Exports - commodities:
|
food and beverages, manufactured goods, petroleum products, chemicals, textiles
|
|
Exports - partners:
|
Germany 12.6%, Italy 10.5%, UK 7%, US 6.5%, Bulgaria 6.2%, Cyprus 4.8%, France 4.2%, Turkey 4% (2003 est.)
|
|
Imports:
|
$33.27 billion f.o.b. (2003 est.)
|
|
Imports - commodities:
|
machinery, transport equipment, fuels, chemicals
|
|
Imports - partners:
|
Germany 12.5%, Italy 12.2%, France 6.6%, Russia 6.1%, South Korea 5.4%, US 5.2%, Netherlands 5.2%, Japan 4.3%, UK 4.2% (2003 est.)
|
|
Reserves of foreign exchange & gold:
|
$5.802 billion (2003)
|
|
Debt - external:
|
$65.51 billion (2003 est.)
|
|
Economic aid - recipient:
|
$5.4 billion from EU (1995)
|
|
Currency:
|
euro (EUR)
note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries
|
|
Currency code:
|
EUR
|
|
Exchange rates:
|
euros per US dollar - 0.886 (2003), 1.0626 (2002), 1.1175 (2001), 365.399 (2000), 305.647 (1999)
|
|
Fiscal year:
|
calendar year
|
© Copyright
2006 by Classbrain.com
Keywords: Greece Economy, Greece, Economy, country of Greece, general information, country reports, classbrain, country information, information on Greece, Economy of Greece
Top of Page
|
