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Indicators of economy in Greece

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.906 US Dollar per capita. In contrast, the GDP in Greece reached 17.623 US dollars per inhabitant, or 188.84 bn US Dollar in the whole country. Greece is therefore currently ranked 51 of the major economies. If this is calculated per inhabitant taking into account the purchasing power parity, then Greece is in the list of the world's richest countries in place 51.

Inflation in Greece was in 2020 at around -1.25%. For the the EU, the average of the same was year at 0.50%. In the United States, it was most recently 1.23%.

Compared with the USA, prices for daily consumer goods are around 28.3% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


Back to overview: Greece

Impact of the Covid-19 pandemic in 2020

The consequences of the Covid pandemic were not insignificant in Greece 2020. Overall, gross domestic product in 2020 fell from 205.14 billion US Dollar auf 188.84 billion US Dollar. With a drop of 7.9 percent, the economy in Greece suffered more significant losses than other countries.. Fortunately, the unemployment rate actually fell from 17.3 to 16.9 percent. The country's gross debt increased by 5.1%. The inflation rate has fallen from 0.3 percent previously to -1.2 percent by the end of 2020.

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Greece
Total
Greece
per capita
EU
Total
EU
per capita
GDP188.84 bn USD17,622.54 USD15,292.10 tn USD29,692.44 USD
Gross national product192.08 bn USD17,925.04 USD15,330.18 tn USD29,766.38 USD


Greece ranked 30th in the Bloomberg Innovation Index in 2021. The index is calculated annually and most recently included 60 countries. The front-runner was South Korea. 5 of the 2000 largest listed companies in the world originate from Greece. This is determined annually in the Forbes Global 2000 list. The 5 largest companies in the country were in 2021:

Rank 1706: National Bank of Greece (Athens)
Rank 1730: Piraeus Bank (Athens)
Rank 1735: Alpha Bank (Athens)
Rank 1749: Eurobank Ergasias (Athens)
Rank 1933: Bank of Greece (Athens)

Development of the Gross domestic product in billion US Dollar 1979 - 2020


Household debt and deficits 2020


 Greece
Total
Greece
per capita
EU
Total
EU
per capita
Gross debt389.59 bn USD36,357.30 USD13,783.28 tn USD26,762.78 USD
Budget deficit19.05 bn USD1,777.33 USD1,053.73 bn USD2,046.02 USD


Im- and Exports 2020

 Greece
Total
Greece
per capita
EU
Total
EU
per capita
Imports71.76 bn USD6,696.65 USD7,314.16 bn USD14,201.79 USD
Exports59.02 bn USD5,508.02 USD7,834.94 bn USD15,212.97 USD


Development of imports and exports in billion US dollars 1979 - 2020

Exports
Imports



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