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The economy of Greece by graziano formica





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The economy of Greece by
Article Posted: 07/16/2015
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The economy of Greece


 
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The economy of Greece is the 45th largest in the world with a nominal gross domestic product (GDP) of $238 billion per annum. It is also the 51st largest in the world by purchasing power parity at $2860 billion per annum.[4][5] As of 2013, Greece is the thirteenth-largest economy in the 28-member European Union.[30] Greece is ranked 38th and 44th in the world at $81,653 and $25,859 for nominal GDP per capita and purchasing power parity per capita respectively.

Greece is a developed country with an economy based on the service sector (81%) and industry (16%). Agriculture contributed 3.4% of the national economic output as estimated in 2011. Important Greek industries include tourism and shipping. With 18 million international tourists in 2013, Greece was the 7th most visited country in the European Union and 16th in the world. The Greek Merchant Navy is the largest in the world, with Greek-owned vessels accounting for 18% of global deadweight tonnage as of 2013. The increased demand for international maritime transportation between Greece and Asia has resulted unprecedented investment in the shipping industry.

The country is a significant agricultural producer within the EU. Greece is a large economy in the Balkans and is a regional investor.

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