Greece - Economy
How is the economy of Greece? Based on the information we have, Greece has a
high-income EU and eurozone economy; growth above euro average, supported by private consumption and EU fund investments; structural reforms strengthening public finances and enhancing resilience within banking system; declining unemployment but low labor productivity and skill shortages
. Key agricultural products in this country include: maize, wheat, sheep milk, oranges, tomatoes, milk, peaches/nectarines, grapes, watermelons, barley (2023).More about the economy of Greece
| Labor force | 4.655 million (2024 est.) |
|---|---|
| Industrial production growth rate | 6.1% (2024 est.) |
| Industries | tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum |
| Population below poverty line | 18.8% (2021 est.) |
| Taxes and other revenues | 26.6% (of GDP) (2023 est.) |
| Fiscal year | |
| Exchange rates | |
| Currency | euros (EUR) per US dollar - |
| Exchange rates 2024 | 0.924 (2024 est.) |
| Exchange rates 2023 | 0.925 (2023 est.) |
| Exchange rates 2022 | 0.95 (2022 est.) |
| Exchange rates 2021 | 0.845 (2021 est.) |
| Exchange rates 2020 | 0.876 (2020 est.) |
| Reserves of foreign exchange and gold | |
| Reserves of foreign exchange and gold 2024 | $15.222 billion (2024 est.) |
| Reserves of foreign exchange and gold 2023 | $13.608 billion (2023 est.) |
| Reserves of foreign exchange and gold 2022 | $12.061 billion (2022 est.) |
| Current account balance | |
| Current account balance 2024 | -$16.399 billion (2024 est.) |
| Current account balance 2023 | -$15.008 billion (2023 est.) |
| Current account balance 2022 | -$22.623 billion (2022 est.) |
| Public debt | |
| Public debt 2023 | 190.6% of GDP (2023 est.) |
| Budget | |
| Revenues | $111.938 billion (2023 est.) |
| Expenditures | $114.497 billion (2023 est.) |
| Budget surplus (+) or deficit (-) | |
| Remittances | |
| Remittances 2024 | 0.2% of GDP (2024 est.) |
| Remittances 2023 | 0.2% of GDP (2023 est.) |
| Remittances 2022 | 0.3% of GDP (2022 est.) |
| Household income | |
| Lowest 10% | 2.7% (2022 est.) |
| Highest 10% | 25.7% (2022 est.) |
| Average household expenditures | |
| On food | 16.4% of household expenditures (2023 est.) |
| On alcohol and tobacco | 4.4% of household expenditures (2023 est.) |
| Imports | |
| Imports 2024 | $122.408 billion (2024 est.) |
| Imports 2023 | $119.234 billion (2023 est.) |
| Imports 2022 | $127.82 billion (2022 est.) |
| Imports (partners) | Germany 10%, China 10%, Italy 8%, Iraq 7%, Netherlands 6% (2023) |
| Comodities Imports force | crude petroleum, refined petroleum, natural gas, cars, packaged medicine (2023) |
| Exports | |
| Imports 2024 | $122.408 billion (2024 est.) |
| Imports 2023 | $119.234 billion (2023 est.) |
| Imports 2022 | $127.82 billion (2022 est.) |
| Exports (partners) | Italy 12%, Germany 6%, Cyprus 6%, Bulgaria 4%, USA 4% (2023) |
| Comodities Exports force | refined petroleum, packaged medicine, aluminum, olive oil, tobacco (2023) |
| Real GDP (purchasing power parity) | |
| Real GDP (purchasing power parity) 2024 | $392.205 billion (2024 est.) |
| Real GDP (purchasing power parity) 2023 | $383.493 billion (2023 est.) |
| Real GDP (purchasing power parity) 2022 | $374.753 billion (2022 est.) |
| GDP (official exchange rate) | $257.145 billion (2024 est.) |
| Real GDP Per capita | |
| Real GDP per capita 2024 | $37,800 (2024 est.) |
| Real GDP per capita 2023 | $36,900 (2023 est.) |
| Real GDP per capita 2022 | $35,900 (2022 est.) |
| GDP - composition, by sector of origin | |
| Agriculture | 3.3% (2024 est.) |
| Industry | 15.4% (2024 est.) |
| Services | 68% (2024 est.) |
| GDP - composition, by end use | |
| Household consumption | 66.9% (2023 est.) |
| Government consumption | 19.3% (2023 est.) |
| Investment in fixed capital | 15.2% (2023 est.) |
| Investment in inventories | 1.5% (2023 est.) |
| Exports of goods and services | 43.7% (2023 est.) |
| Imports of goods and services | -48.4% (2023 est.) |
| Unemployment rate | |
| Unemployment rate 2024 | 10.2% (2024 est.) |
| Unemployment rate 2023 | 11.1% (2023 est.) |
| Unemployment rate 2022 | 12.5% (2022 est.) |
| Youth unemployment rate (ages 15-24) | |
| Total | 24.7% (2024 est.) |
| Male | 23.2% (2024 est.) |
| Female | 26.6% (2024 est.) |
All Important Facts about Greece
Want to know more about Greece? Check all different factbooks for Greece below.
