Greece: Difference between revisions

Greece is a leading investor in all of her Balkan neighbors with the [[National Bank of Greece]] in 2006 acquiring the 46% of Turkish [[Finansbank]] and 99.44% of Serbia's [[Vojvođanska Bank]].The manufacturing sector accounts for about 13% of GDP with the food industry leading in growth, profit and export potential. The public sector accounts for about 40% of GDP, with the government however taking measures to decrease it further. High-technology equipment production, especially for telecommunications, is also a fast-growing sector. Other important areas include textiles, building materials, machinery, transport equipment, and electrical appliances. At 10% of GDP , construction is one of the main pillars of the economy, with the sector experiencing a boom due to the Athens Olympics of 2004. Agriculture, at 7%, is the final important sector of Greek economic activity.

 

 

[[List of countries by GDP (PPP) per capita|Greece's purchasing power-adjusted GDP per capita]] is the world's 28th highest. According to the [[International Monetary Fund]] it has an estimated average per capita income of $35,166 for the year 2007,<ref>{{cite web |title=IMF World Economic Outlook, October 2007. |url=http://www.imf.org/external/pubs/ft/weo/2007/02/weodata/weorept.aspx?pr.x=15&pr.y=8&sy=2004&ey=2008&scsm=1&ssd=1&sort=country&ds=.&br=1&c=512%2C941%2C914%2C446%2C612%2C666%2C614%2C668%2C311%2C672%2C213%2C946%2C911%2C137%2C193%2C962%2C122%2C674%2C912%2C676%2C313%2C548%2C419%2C556%2C513%2C678%2C316%2C181%2C913%2C682%2C124%2C684%2C339%2C273%2C638%2C921%2C514%2C948%2C218%2C686%2C963%2C688%2C616%2C518%2C223%2C728%2C516%2C558%2C918%2C138%2C748%2C196%2C618%2C278%2C522%2C692%2C622%2C694%2C156%2C142%2C624%2C449%2C626%2C564%2C628%2C283%2C228%2C853%2C924%2C288%2C233%2C293%2C632%2C566%2C636%2C964%2C634%2C182%2C238%2C453%2C662%2C968%2C960%2C922%2C423%2C714%2C935%2C862%2C128%2C716%2C611%2C456%2C321%2C722%2C243%2C942%2C248%2C718%2C469%2C724%2C253%2C576%2C642%2C936%2C643%2C961%2C939%2C813%2C644%2C199%2C819%2C184%2C172%2C524%2C132%2C361%2C646%2C362%2C648%2C364%2C915%2C732%2C134%2C366%2C652%2C734%2C174%2C144%2C328%2C146%2C258%2C463%2C656%2C528%2C654%2C923%2C336%2C738%2C263%2C578%2C268%2C537%2C532%2C742%2C944%2C866%2C176%2C369%2C534%2C744%2C536%2C186%2C429%2C925%2C178%2C746%2C436%2C926%2C136%2C466%2C343%2C112%2C158%2C111%2C439%2C298%2C916%2C927%2C664%2C846%2C826%2C299%2C542%2C582%2C443%2C474%2C917%2C754%2C544%2C698&s=PPPPC&grp=0&a= |accessdate=2007-10-18 |publisher=www.imf.org |work=International Monetary Fund |date=2007-10}}</ref> comparable to that of Germany, France or Italy and approximately equal to the EU average. Greece ranks 24th in the 2006 [[Human Development Index|HDI]],<ref>{{cite web |url=http://hdr.undp.org/hdr2006/statistics/countries/country_fact_sheets/cty_fs_GRC.html |title=Country Fact Sheets: Greece |accessdate=2007-04-08 |publisher=hdr.undp.org |work=UNDP}}</ref> 22nd on [[The Economist]]'s 2005 world-wide quality-of-life index.<ref>{{cite web |url=http://www.economist.com/media/pdf/QUALITY_OF_LIFE.pdf |title=The Economist Intelligence Unit's quality-of-life index (2005) |publisher=www.economist.com |work=The Economist |accessdate=2007-04-08}}</ref> According to a survey by the Economist, the cost of living in Athens is close to 90% of the costs in New York. In more rural regions it is lower.