Economy of Greece
Population: 10.73 M (2018)
GDP per Capita: 20,324 USD (2018)
218,030 M.

GDP USD

(2018)

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78,770 M.

EXPORTS USD

(2018)

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79,340 M.

IMPORTS USD

(2018)

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176.60 %

PUBLIC DEBT

(2019)

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Data is provided by World Bank, FMI and Central Banks.

GDP and Economic Growth

Indicator Value
Economic Growth 1.93 % (2018)
GDP of 2010 USD USD 252.70 B. (2018)
GDP Current USD USD 218.03 B. (2018)
GDP per Capita Current USD USD 20,324 (2018)
GDP per capita, PPP USD 25,141 (2018)
GDP per Capita, 2010 USD USD 23,558 (2018)

Government spending and balances

Indicator Value
Government Spending % GDP 19.14 % (2018)
Government Spending USD 41.74 B. (2018)
Government Debt % GDP 176.60 % (2019)

International Trade and Investment

Indicator Value
Terms of Trade Base Year 2000 113.29 (2018)
Trade Openness 72.52 % (2018)
Exports of Goods and Services % GDP 36.13 % (2018)
Exports Goods & Services USD 78.77 B. (2018)
Exports Annual Growth 8.69 % (2018)
Imports as % GDP 36.39 % (2018)
Total Imports USD 79.34 B. (2018)
Foreign Direct Investment % GDP 1.85 % (2018)
Foreign Direct Investment USD 4.31 B. (2018)
Current Account Balance % GDP USD -2.87 % (2018)
Current Account Balance USD -6.25 B. (2018)
Trade Balance % GDP -0.26 % (2018)
Trade Balance USD -3.94 B. (2018)
Foreign Exchange Reserves incl Gold USD 7.58 B. (2018)
Remittances % GDP 0.22 % (2018)
Remittances USD 227 M. (2018)
Balance of Payments USD 1,117 M. (2018)

Labor Market

Indicator Value
Labor Force 4.83 M. (2019)
Unemployment Rate 18.08 % (2019)
Unemployment Rate Females 22.02 % (2019)
Unemployment Rate Males 13.52 % (2019)
Youth Unemployment (ages 15-24) 39.27 % (2019)
Labor Force Participation Rate 52.49 % (2019)
Labor Force (Percent Female) 43.78 % (2019)
Female Labor Force Participation Rate 45.08 % (2019)
Male Labor Force Participation Rate 60.25 % (2019)
Dependent People 55.59 % (2018)

Agriculture Sector

Indicator Value
Forest Area 31.70 % (2016)
Forest Area km² 40,842 km² (2016)
Agricultural Land 47.60 % (2016)
Agricultural Land km² 61,360 km² (2016)
Employment 11.85 % (2019)
Value added % GDP 3.72 % (2018)
Agriculture Value added USD 8.11 B. (2018)
Crop Production Index 92.90 (2016)
Precipitation 652 mm (2014)
Arable Land 17 % (2016)
Cereal Yield 3,764 kg/hectare (2017)
Food production index 95 (2016)
Rural Population 21 % (2018)
Fertilizer use of Arable Land 123 kg/hectare (2016)
Livestock Production Index 92 (2016)
Economy of Greece

According to the World Bank and its latest published data, the economy of the Greece presents a growth rate of 1.93 % (2018) to the previous year.

With a population that reaches 10.73 M (2018) and a gross domestic product of USD 218.03 B. (2018), it translates a Gross Domestic Product per Capita of USD 20,324 placing its inhabitants on the threshold of an High-income country (according to the World Bank's updated classification).

Greece also has a workforce of 4.83 M. (2019) with an unemployment rate of 18.08 % (2019), where women represent 22.02 % (2019) and men 13.52 % (2019), the unemployment rate for young people between 15-24 years old stood at 39.27 % (2019). The total number of dependent people stands at 55.59 % (2018).

The central government spent 19.14 % (2018) of its gross domestic product that year, which in absolute terms is USD 41.74 B. (2018). Its consolidated public debt reached 176.60 of its GDP, exceeding the 35% risk limit used by the European Union.

Regarding its international trade, Greece exported USD 78.77 B. (2018), which represents 36.13 % (2018) of its gross domestic product, in that same sense its imports reached USD 79.34 B. (2018) with a direct foreign investment of USD 4.31 B. (2018).

Greece has a forest area of 40,842 km² (2016), which represents 31.70 % (2016) of its total area, an average rainfall of 652 mm (2014) per year and a population of 21 % (2018) living in rural areas. With a total area of 61,360 km² (2016) available for agriculture and 11.85 % (2019) of its employments, the agricultural sector contributes to the economy of the Greece about USD 8.11 B. (2018) (3.72 % (2018) of its GDP).