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Greece has a mixed
capitalist economy and it's one of the poorest countries of the European
Union even if its economy has improved in recent years due to the
government's tight policy before and after EU's single currency (the
euro) and the country's preparation for the Olympic Games.
Nevertheless, the reconstruction of the economy and the reduction
of unemployment are the major challenges of the country.
Greece is an agricultural country (with
agricultural products such as wheat, corn, barley, sugar beets, olives,
tomatoes, tobacco, potatoes, beef, dairy products and wine) with 22
% of the workforce employed in this sector.
50 % of the workforce is employed in the sector of services and the
27 % in the sector of industry (food and tobacco processing, textiles,
chemicals, metal products, mining and petroleum) and construction. |
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Even if Greece
is an agricultural country, the agricultural contribution to the economy
is only of 15 %. The industry which contributes the most to the economy
is the tourism industry and the shipping. Greece welcomes every year
millions of visitors and its shipping sector is the most important
in the world.
Greece exports (around 12.5 billion dollars) manufactured goods, fuels,
food and beverages to countries such as Germany, Italy, UK, France
and the US.
The imports of the country are higher (around 28 billion dollars);
they consist in manufactured goods, foodstuffs, fuels and chemicals.
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Its
imports partners are Italy, Germany, France, UK, Netherlands and US.
The major part of the economic machine is located in Athens.
Greece has an inflation rate of more than 2.6% and a high unemployment
rate of 10%. Its external debts are over 42 billion dollars and the
country is having an economic aid from the EU of more than 5.5 billion
dollars. |
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