Greece Economic Statistics and Indicators

26, Jun 2017, EDT. Welcome to the Greece economic statistics pages provided by the beta version of EconomyWatch.com's Econ Stats database.

Economic Indicators For: Greece › Change country
National or Regional Currency: Euro, EUR
Year of data: 2015 › Change year
Number of Indicators Listed: 42
Full Dataset: From Year 1980 to 2021
Date of Last Update: 30th June 2016
Population: 10,775,557 (July 2014 est.)
Area: total: 131,957 sq km ; land: 130,647 sq km ; water: 1,310 sq km
Natural Resources: lignite, petroleum, iron ore, bauxite, lead, zinc, nickel, magnesite, marble, salt, hydropower potential
Capital: name: Athens ; geographic coordinates: 37 59 N, 23 44 E ; time difference: UTC+2 (7 hours ahead of Washington, DC, during Standard Time) ; daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October

Greece has a capitalist economy with a public sector accounting for about 40% of GDP and with per capita GDP about two-thirds that of the leading euro-zone economies. Tourism provides 18% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. The Greek economy averaged growth of about 4% per year between 2003 and 2007, but the economy went into recession in 2009 as a result of the world financial crisis, tightening credit conditions, and Athens' failure to address a growing budget deficit. By 2013 the economy had contracted 26%, compared with the pre-crisis level of 2007. Greece met the EU's Growth and Stability Pact budget deficit criterion of no more than 3% of GDP in 2007-08, but violated it in 2009, with the deficit reaching 15% of GDP. Austerity measures have reduced the deficit to about 4% in 2013, including government debt payments. Deteriorating public finances, inaccurate and misreported statistics, and consistent underperformance on reforms prompted major credit rating agencies to downgrade Greece's international debt rating in late 2009, and led the country into a financial crisis. Under intense pressure from the EU and international market participants, the government adopted a medium-term austerity program that includes cutting government spending, decreasing tax evasion, overhauling the health-care and pension systems, and reforming the labor and product markets. Athens, however, faces long-term challenges to continue pushing through unpopular reforms in the face of widespread unrest from the country's powerful labor unions and the general public. In April 2010 a leading credit agency assigned Greek debt its lowest possible credit rating; in May 2010, the International Monetary Fund and Euro-Zone governments provided Greece emergency short- and medium-term loans worth $147 billion so that the country could make debt repayments to creditors. In exchange for the largest bailout ever assembled, the government announced combined spending cuts and tax increases totaling $40 billion over three years, on top of the tough austerity measures already taken. Greece, however, struggled to meet 2010 targets set by the EU and the IMF, especially after Eurostat - the EU's statistical office - revised upward Greece's deficit and debt numbers for 2009 and 2010. European leaders and the IMF agreed in October 2011 to provide Athens a second bailout package of $169 billion. The second deal however, called for holders of Greek government bonds to write down a significant portion of their holdings. As Greek banks held a significant portion of sovereign debt, the banking system was adversely affected by the write down and €41 billion of the second bailout package was set aside to ensure the banking system was adequately capitalized. In exchange for the second loan Greece promised to introduce an additional $7.8 billion in austerity measures during 2013-15. However, the massive austerity cuts have prolonged Greece's economic recession and depressed tax revenues. Throughout 2013, Greece's lenders called on Athens to step up efforts to increase tax collection, dismiss public servants, privatize public enterprises, and rein in health spending. In June 2013 Prime Minister Antonis SAMARAS's efforts to meet bailout conditions led to the departure of one party, the Democratic Left, from the governing coalition when his government made the controversial decision to shut down and restructure the state-owned television and radio company. Subsequent reluctance to institute further cuts and delays in meeting public sector reform targets prompted Greek lenders to withhold bailout fund disbursements until December 2013. However, investor confidence began to show signs of strengthening by the end of 2013 as leading macroeconomic indicators suggested the economy’s freefall had been arrested.
More on the Greece Economy
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Economic Indicator Listing
  For Greece in year 2015 Indicator Value
GDP Growth (Constant Prices, National Currency) -0.231 %
GDP (Current Prices, National Currency)EUR 176.023 Billion.
GDP (Current Prices, US Dollars)US$ 195.32 Billion
GDP Deflator 95.106 (Index, Base Year as per country's accounts = 100)
GDP Per Capita (Constant Prices, National Currency)EUR 17,117.45 .
GDP Per Capita (Current Prices, National Currency)EUR 16,279.63 .
GDP Per Capita (Current Prices, US Dollars)US$ 18,064.29
Output Gap, Percent of Potential GDP -6.57 %
GDP (PPP), US DollarsUS$ 285.976 Billion
GDP Per Capita (PPP), US DollarsUS$ 26,448.70
GDP Share of World Total (PPP) 0.252 %
Implied PPP Conversion Rate 0.616
Investment (% of GDP) 9.832 %
Gross National Savings (% of GDP) 9.827 %
Inflation, Average Consumer Prices (Indexed to Year 2000) 118.559 (Index, Base Year 2000 = 100)
Inflation (Average Consumer Price Change %) -1.092 %
Inflation, End of Year (Indexed to Year 2000) 116.34 (Index, Base Year 2000 = 100)
Inflation (End of Year Change %) 0.417 %
Import Volume of All Items Including Goods and Services (Percent Change) -5.772 %
Import Volumes of Goods Only (Percent Change) -3.295 %
Export Volume of All Items Including Goods and Services (Percent Change) -7.941 %
Export Volumes of Goods Only (Percent Change) -5.723 %
Unemployment Rate (% of Labour Force) 25 %
Employment 3.604 Million
Population 10.812 Million
General government revenue (National Currency)EUR 80.575 Billions.
General government revenue (% of GDP) 45.775 %
General government total expenditure (National Currency)EUR 87.987 Billions.
General government total expenditure (% of GDP) 49.986 %
Total Government Net Lending/ Borrowing (National Currency)EUR -7.413 Billions.
Total Government Net Lending/ Borrowing (% of GDP) -4.211 %
General Government Structural Balance (National Currency)EUR -2.015 Billion.
General Government Structural Balance (% Potential GDP) -1.07 %
Fiscal Year Gross Domestic Product, Current PricesEUR 176.023 Billions.
Current Account Balance (US Dollars)US$ -0.008 Billion
Current Account Balance (% GDP) -0.004 %
Economic Indicators for Greece 2015

GDP (Constant Prices, National Currency) for Greece in year 2015 is EUR 185.082 Billion.

GDP Growth (Constant Prices, National Currency) for Greece in year 2015 is -0.231 %.

GDP (Current Prices, National Currency) for Greece in year 2015 is EUR 176.023 Billion.

GDP (Current Prices, US Dollars) for Greece in year 2015 is US$ 195.32 Billion.

GDP Deflator for Greece in year 2015 is 95.106 (Index, Base Year as per country's accounts = 100).

GDP Per Capita (Constant Prices, National Currency) for Greece in year 2015 is EUR 17,117.45 .

GDP Per Capita (Current Prices, National Currency) for Greece in year 2015 is EUR 16,279.63 .

GDP Per Capita (Current Prices, US Dollars) for Greece in year 2015 is US$ 18,064.29 .

Output Gap, Percent of Potential GDP for Greece in year 2015 is -6.57 %.

GDP (PPP), US Dollars for Greece in year 2015 is US$ 285.976 Billion.

GDP Per Capita (PPP), US Dollars for Greece in year 2015 is US$ 26,448.70 .

GDP Share of World Total (PPP) for Greece in year 2015 is 0.252 %.

Implied PPP Conversion Rate for Greece in year 2015 is 0.616 .

Investment (% of GDP) for Greece in year 2015 is 9.832 %.

Gross National Savings (% of GDP) for Greece in year 2015 is 9.827 %.

Inflation, Average Consumer Prices (Indexed to Year 2000) for Greece in year 2015 is 118.559 (Index, Base Year 2000 = 100).

Inflation (Average Consumer Price Change %) for Greece in year 2015 is -1.092 %.

Inflation, End of Year (Indexed to Year 2000) for Greece in year 2015 is 116.34 (Index, Base Year 2000 = 100).

Inflation (End of Year Change %) for Greece in year 2015 is 0.417 %.

Import Volume of All Items Including Goods and Services (Percent Change) for Greece in year 2015 is -5.772 %.

Import Volumes of Goods Only (Percent Change) for Greece in year 2015 is -3.295 %.

Export Volume of All Items Including Goods and Services (Percent Change) for Greece in year 2015 is -7.941 %.

Export Volumes of Goods Only (Percent Change) for Greece in year 2015 is -5.723 %.

Unemployment Rate (% of Labour Force) for Greece in year 2015 is 25 %.

Employment for Greece in year 2015 is 3.604 Million .

Population for Greece in year 2015 is 10.812 Million .

General government revenue (National Currency) for Greece in year 2015 is EUR 80.575 Billions.

General government revenue (% of GDP) for Greece in year 2015 is 45.775 %.

General government total expenditure (National Currency) for Greece in year 2015 is EUR 87.987 Billions.

General government total expenditure (% of GDP) for Greece in year 2015 is 49.986 %.

Total Government Net Lending/ Borrowing (National Currency) for Greece in year 2015 is EUR -7.413 Billions.

Total Government Net Lending/ Borrowing (% of GDP) for Greece in year 2015 is -4.211 %.

General Government Structural Balance (National Currency) for Greece in year 2015 is EUR -2.015 Billion.

General Government Structural Balance (% Potential GDP) for Greece in year 2015 is -1.07 %.

Fiscal Year Gross Domestic Product, Current Prices for Greece in year 2015 is EUR 176.023 Billions.

Current Account Balance (US Dollars) for Greece in year 2015 is US$ -0.008 Billion.

Current Account Balance (% GDP) for Greece in year 2015 is -0.004 %.

* Source: IMF
Aggregate Indicators for Greece
Indicators
  Geography (Location, geographic coordinates, map references, area, terrain, elevation extremes, borders, coastline and maritime claims) for Greece
  Climate and Environment (climate, environmental issues, environmental agreements, natural hazards) for Greece
  Natural Resources, Agricultural Products, Land Use and Water Use for Greece
  Nationality, Ethnic Groups, Languages and Religions for Greece
  Telephone Statistics: Number of Fixed Lines, Mobile Phone Penetration Rate for Greece
  Age Structure, Median Age, Gender and Urbanization for Greece
  Population Growth Rate, Birth Rate, Death Rate, Net Migration Rate for Greece
  Life Expectancy Rate, Infant Mortality Rate and Total Fertility Rate for Greece
  HIV, AIDS and Other Major Infectious Disease Rates for Greece
  Literacy Rate, Educational Expenditure and School Life Expectancy for Greece
  Gross Domestic Product (PPP, Official Exchange Rate, Real Growth Rate and Per Capita) for Greece
  Industries and Industrial Growth Production Rate for Greece
  Labor Force by Occupation for Greece
  Poverty Line, Gini Index, Household Income and Consumption for Greece
  National Budget and Public Debt for Greece
  Bank Rates (Commercial Bank Prime Lending Rate, Central Bank Discount Rate) for Greece
  Stock of Money, Stock of Quasi Money, Stock of Domestic Credit for Greece
  Stock Market Capitalization: Market Value of Publicly Traded Shares for Greece
  Trade Statistics, Export Statistics, Export Partners and Products, Import Statistics, Import Partners and Products for Greece
  Foreign Exchange Reserves and Gold Reserves for Greece
  FDI Statistics (Foreign Direct Investment at Home/ Inbound FDI, Foreign Direct Investment Abroad/ Outbound FDI) for Greece
  Exchange Rate Statistics for Greece
  Electricity Production, Electricity Consumption, Electricity Exports and Electricity Imports for Greece
  Oil Production, Proven Oil Reserves, Oil Consumption, Oil Exports and Oil Imports for Greece
  Natural Gas Production, Proven Natural Gas Reserves, Natural Gas Consumption, Natural Gas Exports and Natural Gas Imports for Greece
  Television and Radio Statistics (TV Stats, Radio Stats) for Greece
  Internet Statistics (Internet Users, Internet Hosts, Country TLD) for Greece
  Airport Statistics (Paved Runway Airports, Unpaved Runway Airports, Heliports) for Greece
  Transport Statistics (Railways, Roadways, Waterways, Ports and Terminals, Airports, Merchant Marine) for Greece
  Military Statistics (Military Expenditure, Military Branches, Service Age and Obligation, Manpower Available and Fit for Military Service) for Greece
  Disputes, Refugees, Human Trafficking and Illicit Drug Production for Greece
* Source: CIA
Internet Indicators for Greece
Indicators
  Number of Internet Users for Greece
  Internet Penetration Rate for Greece
  Number of Facebook Accounts for Greece
  Facebook Penetration Rate for Greece
* Source: IWS
Economic Freedom Indicators for Greece
Indicators
  Economic Freedom World Rank for Greece
  Government Spending for Greece
  Monetary Freedom for Greece
  Investment Freedom for Greece
  Financial Freedom for Greece
  Property Rights for Greece
  Economic Freedom Regional Ranking for Greece
  Freedom from Corruption for Greece
  Labor Freedom for Greece
  Tariff Rate for Greece
  Income Tax Rate for Greece
  Corporate Tax Rate for Greece
  Tax Burden % of GDP for Greece
  Government Expenditure % of GDP for Greece
  Business Freedom for Greece
  Trade Freedom for Greece
  Fiscal Freedom for Greece
  2016 Score for Greece
* Source: HFO
Corruption Perceptions Index Rank and Score for Greece
Indicator
  Corruption Perceptions Index Rank and Score for Greece
* Source: TIO
Greece Economic Indicators in other Years
  Greece Economic Indicators for Year 2021 (Forecast)
  Greece Economic Indicators for Year 2020 (Forecast)
  Greece Economic Indicators for Year 2019 (Forecast)
  Greece Economic Indicators for Year 2018 (Forecast)
  Greece Economic Indicators for Year 2017 (Forecast)
  Greece Economic Indicators for Year 2016 (Forecast)
Greece Economic Indicators for Year 2015 (Current)
  Greece Economic Indicators for Year 2014
  Greece Economic Indicators for Year 2013
  Greece Economic Indicators for Year 2012
  Greece Economic Indicators for Year 2011
  Greece Economic Indicators for Year 2010
  Greece Economic Indicators for Year 2009
  Greece Economic Indicators for Year 2008
  Greece Economic Indicators for Year 2007
  Greece Economic Indicators for Year 2006
  Greece Economic Indicators for Year 2005
  Greece Economic Indicators for Year 2004
  Greece Economic Indicators for Year 2003
  Greece Economic Indicators for Year 2002
  Greece Economic Indicators for Year 2001
  Greece Economic Indicators for Year 2000
  Greece Economic Indicators for Year 1999
  Greece Economic Indicators for Year 1998
  Greece Economic Indicators for Year 1997
  Greece Economic Indicators for Year 1996
  Greece Economic Indicators for Year 1995
  Greece Economic Indicators for Year 1994
  Greece Economic Indicators for Year 1993
  Greece Economic Indicators for Year 1992
  Greece Economic Indicators for Year 1991
  Greece Economic Indicators for Year 1990
  Greece Economic Indicators for Year 1989
  Greece Economic Indicators for Year 1988
  Greece Economic Indicators for Year 1987
  Greece Economic Indicators for Year 1986
  Greece Economic Indicators for Year 1985
  Greece Economic Indicators for Year 1984
  Greece Economic Indicators for Year 1983
  Greece Economic Indicators for Year 1982
  Greece Economic Indicators for Year 1981
  Greece Economic Indicators for Year 1980


Data Sources: IMF, World Bank, UN, OECD, CIA World Factbook, Internet World Statistics, The Heritage Foundation and Transparency International