Greece
Annual growth of Greek GDP has surpassed the respective levels of most of its EU partners. The tourism industry is a major source of foreign exchange earnings and revenue accounting for 15% of Greece?s total GDP and employing, directly or indirectly, 16.5% of the total workforce.The Greek labor force totals 4.9 million, and it is the second most industrious between OECD countries, after South Korea. The Groningen Growth & Development Centre has published a poll revealing that between 1995 and 2005, Greece was the country with the largest work/hour ratio among European nations; Greeks worked an average of 1,900 hours per year, followed by the Spanish (average of 1,800 hours/year).In 2007, the average worker made around 20 dollars, similar to Spain and slightly more than half of average U.S. hourly income. Immigrants make up nearly one-fifth of the work force, occupied mainly in agricultural and construction work.
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Demographic Data |
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Economic Data |
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Cultural & Other Data |
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GDP (PPP, $bn) |
343.6 |
Capital |
Athens |
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Area (sq. km.) |
131,940 |
GDP Real Growth (%) |
2.8 |
Other Large Cities |
Thessaloniki, Piraeus |
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Population (million) |
10.73 |
PerCap GDP ($) |
32,000 |
Primary Language |
Arabic |
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Population Growth % |
0.127 |
Prime Lending Rate (%) |
7.71 |
Urban Population % |
61 |
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% Population Under 15yrs |
14.3 |
Inflation Rate% |
4.4 |
Urban Growth % |
0.6 |
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Population below poverty line (%) |
NA |
Unemployment% |
8 |
Literacy (% of population) |
96 |
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Agricultural Workers (% of population) |
12 |
Foreign Direct Investment($bn) |
55.19 |
Education spending as % of GDP |
4.4 |
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Industrial Workers (% of population) |
23 |
Debt-External ($bn) |
92.19 |
CPI Score (1-10)* |
4.7 |
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Service Workers (% of population) |
65 |
Exports ($bn) |
27.4 |
Corporate Income Tax % |
25 |
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Labor Force (mil) |
4.96 |
Imports ($bn) |
82.28 |
Ease of Doing Business Ranking ** |
96 |
CURRENCY EXCHANGE RATE
05/08/09 $1 = .75 Euro
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