Greece

Greece

Abhinav Kumar
Abhinav Kumar

Country Expert
   

Greece Statistics

In 2018 Greece was the number 50 economy in the world in terms of GDP (current US$). Greece is a developed country with an economy based on the service (80%) and industrial sectors (16%), with the agricultural sector contributing an estimated 4% of national economic output in 2017.
Greece is classified as an advanced, high-income economy, and was a founding member of the Organisation for Economic Co-operation and Development (OECD) and of the Organization of the Black Sea Economic Cooperation (BSEC).
$ 1 Crores
GDP in USD trillion
1 Crores
Population (2019)
1
Area ( km. sq. )
Import Of Greece

In 2018 Greece imported a total of $63.5B, making it the number 46th trade destination in the world.
Main Import Countries

Export Of Greece

In 2018 Greece exported a total of $38.7B, making it the number 59th exporter in the world.
Main Export Countries

Major Sectors

Agriculture Tourism Mining Maritime Industry Maritime Industry Telecommunications

Greece is a major agricultural producer in the European Union, and the sector employs about 528,000 people or approximately 12% of the workforce in the country. Agriculture in the country accounts for about 3.6% of the GDP valued at about $16 billion. The majority of the immigrants in the country are employed within the agriculture industry. Agriculture in Greece is characterized by a small size and family hold units, and the cooperative organization in the country has remained relatively low for several years. The country produces different varieties of crops and different types of livestock products..
The country is also a world leader in olive production with 2,232,412 metric tons, olive oil production with 344,615 tonnes, fig production with 50,368 metric tons. The country also produces 8,000 tons of pistachios, 229,500 tons of rice, 44,000 tons of almonds, 1.4 million tons of tomatoes, 578,000 tons of watermelons, and 22,000 tons of tobacco.

Tourism in the country plays a critical role in the economy, and it is one of the most crucial industries in Greece accounting for about 25% of the country's GDP. Tourism in Greece has a long history although it started flourishing after the 1950s when the tourist arrivals were recorded at 33,000 in 1950 and went up to stand at 11.4 million in 1994. In 2018, the country attracted more than 24 million tourists and the figures in 2017 were 22.1 million, while in 2015 the figures stood at 21 million visitors. These figures indicate that Greece is one of the most visited nations in Europe on the world at large. The country has been one of the leading tourism destinations in Europe dating back to antiquity because of its rich history and culture which is partly seen in the 18 different UNESCO World Heritage sites.
Some of the popular tourist destinations in the country include the country's capital city of Athens, Mykonos, Santorini, Corfu, Rhodes, Chalkidiki, and Crete, among others.

Mining of different minerals in Greece has a long history and dates back to about 1000 BCE. Some of the minerals found in Greece include zinc, lead lignite, magnesite, bauxite, and petroleum. As of 2015, the country was the 7th leading exporter of pumice in the world, and by far the world’s largest producer of perlite. Greece produces approximately 1% of the total bauxite in the world and about 9% of all the bentonite produced in the world. The mining industry in the country processes the produced mineral fuels, metals, industrial minerals. The mining industry in Greece is harmonized by the mining code, which stipulates several regulations and laws on the extraction of ornamental rocks and industrial minerals.

Shipping has traditionally been a key sector in the Greek economy since ancient times. Greece has the largest merchant navy in the world, accounting for more than 15% of the world's total deadweight tonnage (dwt) according to the United Nations Conference on Trade and Development. Greece is ranked fourth in the world by number of ships (3,695), behind China (5,313), Japan (3,991), and Germany (3,833).

Shipping has traditionally been a key sector in the Greek economy since ancient times. Greece has the largest merchant navy in the world, accounting for more than 15% of the world's total deadweight tonnage (dwt) according to the United Nations Conference on Trade and Development. Greece is ranked fourth in the world by number of ships (3,695), behind China (5,313), Japan (3,991), and Germany (3,833).

Hellenic Telecommunications Organization, better known by its acronym, OTE dominates the Greek market in its field and has emerged as one of the largest telecommunications companies in Southeast Europe. Since 2011, the company's major shareholder is Deutsche Telekom with a 40% stake, while the Greek state continues to own 10% of the company's shares. OTE owns several subsidiaries across the Balkans, including Cosmote, Greece's top mobile telecommunications provider, Cosmote Romania and Albanian Mobile Communications. By 2019, the percentage of Greek households with Internet access and a broadband connection had reached 78.5% and 78.1% respectively.

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Nanotexnology Expo

Date : 11-07 July 2020. Place : Thessaloniki, Greece.

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