ECON FACTBOOK

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Economy of Greece

Population: 11 million in 2013¹

GDP: $242 billion in 2013²

GDP per capita: $21,956 nominal³ ($25,651 PPP⁴) in 2013

GDP growth rate: -3.3% in 2013⁵

Industries

GDP by Industry 2012⁶

Industry sector	Value added ($ billions) 2012	Percent of total
Other activities	130	51.0%
Wholesale, retail trade, restaurants and hotels	55	21.4%
Manufacturing	23	9.2%
Transport, storage and communication	21	8.4%
Mining and utilities	11	4.1%
Agriculture, hunting, forestry, fishing	9	3.4%
Construction	6	2.5%
Total value added	255	100%

Employment

Unemployment rate: 27.3% in 2013⁷

Employment by Industry 2013⁸

Employment sector	Employees (thousands) 2013	Percent of total
Wholesale trade, retail trade and repair of motor vehicles	631	17.9%
Agriculture, forestry and fishing	481	13.7%
Public administration and defence	325	9.3%
Manufacturing	325	9.2%
Education	275	7.8%
Accommodation and food service	259	7.4%
Human health and social work	213	6.1%
Professional, scientific and technical	197	5.6%
Transportation and storage	173	4.9%
Construction	162	4.6%
Finance and insurance	107	3.0%
Information and communication	76	2.2%
Other service	70	2.0%
Administrative and support service	62	1.8%
Activities of households as employers	50	1.4%
Arts, entertainment and recreation	43	1.2%
Electricity, gas, steam and air conditioning	28	0.8%
Water supply, sewerage and waste management	22	0.6%
Mining and quarrying	10	0.3%
Real estate	3	0.1%
Extraterritorial organizations and bodies	1	0.0%
Total employment	3,513	100%

Corporations

Top 10 Corporations by Revenue 2013⁹

N/A

Households

Household Wealth: $1.02 trillion (421% of GDP) in 2014¹⁰

Household Wealth per Adult: $111,405 in 2014¹⁰

Gini Coefficient: .343 in 2014¹¹

Government

Central Government

Central Government Revenue: $106 billion (44% of GDP) in 2013¹²

Central Government Expenditure: $116 billion (48% of GDP) in 2013¹²

Central Government Budget Balance: -$10 billion (-4% of GDP) in 2013¹²

Central Government Public Debt: $362 billion (150% of GDP) in 2013* ¹³

Central Government 10 Year Bond Interest Rate: 8.87% on Jan 26, 2015¹⁴

* Public debt calculated using the exchange rate .889 EUR = 1 USD

Government Funds

N/A

Tax Structure

Individual Income Tax Rates and Thresholds in 2013* ¹⁵

0%: $0-$5,624
10%: $5,625-$13,498
18%: $13,499-$17,997
25%: $17,998-$29,246
35%: $29,246-$44,994
38%: $44,995-$67,491
40%: $67,492-$112,485
45%: $112,486+

Corporate Tax Rate: 26% in 2014¹⁶

* Individual thresholds calculated using the exchange rate .889 EUR = 1 USD

Monetary Policy

Money Supply (Euro area, M1): $6.23 trillion in Nov 2014* ¹⁷

Benchmark Interest Rate (Euro area): 0.05% in Sept 2014¹⁸

Total Reserves: $6 billion (2% of GDP) in 2013¹⁹

Exchange Rate: .889 Euros = 1 U.S. Dollar on Jan 26, 2015²⁰

Inflation: -0.9% in 2013²¹

*Money supply calculated using the exchange rate .889 EUR = 1 USD

Financial Institutions

Top 10 Financial Institutions by Assets 2013²²

N/A (data not available at Relbanks.com)

International Accounts

Exports: $30 billion (12% of GDP)^{in 201323}

Imports: $51 billion (21% of GDP)^{in 201323}

Trade Balance: -$21 billion (-9% of GDP) in 2013²³

Foreign Direct Investment Inflow: $2.6 billion (1% of GDP)²⁴

Foreign Direct Investment Outflow: -$0.8 billion (0% of GDP)²⁴

Foreign Aid Inflow: N/A

Foreign Aid Outflow: $239 million (0.1% of GDP) in 2013²⁵

References