And Now....
GREECE
Data Page
Under pressure of regional conflicts after World War II, Greece sometimes put its economic growth on hold. Not anymore! By 2002, Greece ranked 36th in GDP among the world's 230-plus large and small economies. More: Its GDP was growing annually at a healthy 4 percent (2003). And its domestic market was expanding, too, even though — like some other members of the European Union — Greece was still trying to reduce its unemployment rate (9.5 percent). A world-class tourism industry helps to offset Greece's trade deficit in goods (see below).
Here's a profile of Greece early in the new millennium:
| Area | 50,959 sq mi (slightly smaller than Alabama) |
| Population | 11 million |
| Urban | 60% (35% live in Athens) |
| Languages | Greek (official), English, French |
| Religions | Greek Orthodox 98% |
| Government | Presidential parliamentary republic |
| GDP* (2002) | $203.3 billion |
| Inflation | 3.6% |
| Sources of GDP | Farming 8.1%, Industry 22.3%, Services 69.6% (est.) |
| Industries | Tourism, food products, textiles, chemicals, petroleum |
| Exports (2002) | $12.6 billion, plus $9.7 billion in tourism receipts |
| Imports | $31.4 billion |
| Trading Partners | EU (German, Italy, UK, etc.), USA, Russia, South Korea |
* Greece's gross domestic product (GDP) is reported in terms of its purchasing-power parity (ppp). That's the dollar value of the universal "basket" of goods and services that Greece's GDP earnings could buy (within Greece, at Greek prices) in 2002.
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© Learning Enrichment, Inc. Content last updated: February 2004. Page last reviewed: February 2004.