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Greece Business

Greece business prospects, for the short to medium term, remain unstable. While Greece has a capitalist economy, the problem lies in a ballooning public sector that accounts for roughly 40% of GDP. As a result of this excess, the largest economy in the Balkans has seen its debt-to-GDP ratio grow to unsustainable levels. A bloated public sector with high levels of political and economic corruption, low global competitiveness relative to its EU partners, and rising unemployment levels make a resolution that much harder to obtain. Greece's two alternative, austerity or default, are both painful paths to follow. Regardless of the outcome, important Greek industries that will eventually see a resurgence include tourism, merchant shipping, as well as considerable agriculture and fisheries sectors.

Greece flag
  • population (2011): 10,760,136
  • population growth rate: 0.083%
  • median age: 42.5 years
  • official language: Greek
  • area: 131,957 km² (50,949 miles²)
  • GDP (PPP) per capita (2010): $29,600
  • Doing Business 2017 rank: 61
  • Greek flag is 5th most used internationally
  • for shipping, while it ranks 1st in the EU
  • important regional investor in the Balkans
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Greece Info


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