Greece FlagGreece

Freedom Or Death.

 

General


Population: 10,775,557 (2014), 10,772,967 (2013)
Land Area: 131,940 sq km
Natural Resources: Lignite, petroleum, iron ore, bauxite, lead, zinc, nickel, magnesite, marble, salt, hydro power potential
Capital: Athens
Political System: Parliamentary Republic
State Leader: Karolos Papoulias (March 12th 2005)
Head of Government: Antonis Samaras (June 20th 2012)
Languages: Greek
Currency: Euro (EUR)
Major Religions: Greek Orthodox 98%, Muslim 1.3%, Other 0.7%
Major Ethnicities: Greek 93%, Other 7%
Life Expectancy: 80.3 years (2014), 80.18 years (2013)

Economy


GDP Official Exchange Rate: 243.3 billion (2013), 249.2 billion (2012)
GDP Purchasing Power Parity: 267.1 billion (2013), 281.4 billion (2012)
GDP Per Capita (PPP): 23,600 (2013), 24,900 (2012)
GDP Growth Rate: -3.8% (2013), -6.4% (2012)
GDP Structure: Agriculture 3.5%, Industry 16%, Services 80.5% (2013)
Labour Force By Occupation: Agriculture 12.4%, Industry 22.4%, Services 65.1% (2005)
Industries: Tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
Agriculture Products: Wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco, potatoes; beef, dairy products
Human Development Index: 0.853 (29th)(2014), 0.860 (29th)(2013)
Tourism Revenue: 12.809 billion (2004)
Unemployment Rate: 27.9% (2013)

MilitaryGreece Map


Army Size: 163 850 (2004)
Budget: 4.3% of GDP (2005)

Current Situation

 

Greece is located in South Eastern Europe. Greece is bordered by Albania, Bulgaria, Turkey and the former Yugoslav Republic of Macedonia. Greece is a well-developed country, with a high GDP per capita. A large portion of Greece's GDP comes from tourism, with around 19 million tourists per year. Greece is currently in the midst of a major sovereign debt crisis, that is having international consequences as confidence surrounding a global recovery from the recent recession is being shook. Greece faces negative growth for several years to come, until the government gets the budget under control.

(2014) Greece's economy continues to contract in 2013 and is expecting to continue to do so in 2014 as well. Greece has regained the ability to issue bonds on the global market for a reasonable interest rate and seems on the road to recovery from its debt crisis which started in 2010.

Thoughts & Comments

 

Sources

CIA World Factbook: Greece
The Economist: The World In 2014
Wikipedia: Greece
http://hdrstats.undp.org/en/countries/profiles/GRC.html

Updated on: September 7th, 2014