Greece

Description of Greece

Greece, a country steeped in ancient history and cultural significance, stands as a pivotal player in the geopolitics of Europe. Known for its idyllic Mediterranean landscapes, rich heritage, and strategic location at the crossroads of Europe, Asia, and Africa, Greece has faced its fair share of challenges in recent years. From economic downturns to refugee crises, Greece has navigated turbulent waters while striving to maintain its unique identity and influence in the region. This website delves into the macroeconomic landscape of Greece, analyzing key statistics and trends to provide insights into the country's development trajectory and its interactions with the broader global community.

Population And Age Structure

Population, total: Greece's population of 10,698,599 is below the average population of 40,097,746. Greece ranks 85th out of 194 countries in terms of population.

Population ages 0-14 (% of total population): Greece's percentage of population ages 0-14 at 14.18% is below the average of 27.34%. Greece ranks 182nd out of 194 countries for this demographic.

Population ages 0-14, total: With a total of 1,516,781 in the age group 0-14, Greece is below the average of 10,327,379. Greece ranks 109th out of 194 countries.

Population ages 15-64 (% of total population): Greece's percentage of population ages 15-64 at 63.64% is slightly above the average of 63.44%. The country ranks 114th out of 194 countries for this demographic.

Population ages 15-64, total: Greece's population of 6,808,717 in the age group 15-64 is below the average of 26,003,407. Greece ranks 87th out of 194 countries in this category.

Population ages 65 and above (% of total population): Greece's percentage of population ages 65 and above at 22.18% is significantly above the average of 9.22%. Greece ranks 7th out of 194 countries for this demographic.

Population ages 65 and above, total: With a total of 2,373,101 in the age group 65 and above, Greece is below the average of 3,766,959. Greece ranks 41st out of 194 countries.

Summary

Greece has a relatively small total population compared to the global average, ranking 85th with 10,698,599 people. It also has a lower percentage of young population (ages 0-14) at 14.18% compared to the average of 27.34%. However, Greece stands out with a significantly higher percentage of population ages 65 and above at 22.18%, ranking 7th globally. These demographic indicators are crucial for policymakers and investors to understand the age distribution within the country, plan for healthcare and social security needs, and anticipate economic implications such as labor force challenges and consumer behavior shifts.

Population Miscellaneous

- Rural population: Greece has a rural population of 2,170,211, which is significantly below the average rural population of 18,044,041. Greece ranks 102 out of 190 countries in this category.
- Rural population (% of total population): With 20.285% of its population residing in rural areas, Greece is below the average of 41.158%. The country ranks 147 out of 190 countries.
- Urban population: Greece's urban population stands at 8,528,388, lower than the average urban population of 22,425,747. Greece ranks 69 out of 194 countries in urban population.
- Urban population (% of total population): With 79.715% of its population living in urban areas, Greece surpasses the average of 59.691%. The country ranks 48 out of 194 countries.
- Age dependency ratio (% of working-age population): Greece's ratio of 57.13% is slightly below the average of 59.22%. The country ranks 81 out of 194 countries.
- Birth rate, crude (per 1,000 people): Greece's crude birth rate of 7.9 is lower than the average of 19.384. Greece ranks 186 out of 192 countries in this metric.
- Death rate, crude (per 1,000 people): With a crude death rate of 12.2, Greece exceeds the average of 8.214. The country ranks 21 out of 192 countries.
- Fertility rate, total (births per woman): Greece's fertility rate of 1.39 is below the average of 2.603. Greece ranks 172 out of 190 countries in this category.

Summary

Greece stands out with a notably low rural population, urban population surpassing the global average, and a high urban population percentage. The country also exhibits lower birth and fertility rates compared to the average, while the death rate exceeds the global average. These indicators are crucial as they reflect demographic trends, urbanization levels, and population dynamics, which can influence social welfare systems, economic development, and healthcare infrastructure planning in Greece.

Military

Analysis of key military attributes for Greece:

1. Military expenditure (current USD): Greece's military expenditure of 5.77 billion USD is below the average of 12.90 billion USD, ranking 33 out of 149 countries.

2. Military expenditure (% of GDP): Greece's expenditure accounts for 3.06% of its GDP, higher than the average of 1.90%, ranking 19 out of 148 countries.

3. Arms imports (SIPRI trend indicator values): Greece's arms imports of 101 million USD are less than the average of 205.52 million USD, ranking 36 out of 113 countries.

4. Armed forces personnel, total: Greece has 147,000 personnel, lower than the average of 165,908, ranking 42 out of 164 countries.

5. Armed forces personnel (% of total labor force): Greece's armed forces personnel constitute 3.20% of the total labor force, well above the average of 1.28%, ranking 15 out of 164 countries.

Summary

Greece's military expenditure is below the global average in terms of total USD spending, but its percentage of GDP allocated to the military is higher than average. Despite lower arms imports and total personnel count, Greece has a higher percentage of armed forces personnel in its total labor force. These indicators suggest that Greece prioritizes investing a significant portion of its GDP in its military capabilities, potentially indicating a focus on defense and security concerns.

Natural Resources

For Forest area (sq. km), Greece has a value of 39,018 which is below the average of 211,606. Greece is ranked 76 out of 191 countries in this dataset.

Regarding Land area (sq. km), Greece's value of 128,900 falls below the average of 665,166. Greece holds the 95th rank out of 194 countries.

In terms of Surface area (sq. km), Greece has 131,960 sq. km, below the average of 689,780. The country is ranked 96 out of 194 nations.

When it comes to Arable land (hectares), Greece possesses 2,131,930.4 hectares, well below the average of 7,329,543. Greece ranks 80 out of 190 countries in this aspect.

For Land under cereal production (hectares), Greece utilizes 739,890 hectares, falling short of the 4,206,012 average. The country is ranked 88 out of 174 nations.

Looking at Average precipitation in depth (mm per year), Greece experiences 652 mm/year, less than the average of 1,158. Greece ranks 119 out of 178 countries in this regard.

Finally, in terms of Renewable internal freshwater resources, total (billion cubic meters), Greece has 58 billion cubic meters, lower than the average of 240. Greece ranks 72 out of 178 countries for this attribute.

Summary

Greece exhibits below-average values in key macroeconomic indicators such as Forest area, Land area, Arable land, Land under cereal production, Average precipitation, and Renewable internal freshwater resources. These statistics indicate that Greece may face challenges in terms of agricultural productivity, environmental sustainability, and water resource management. Addressing these areas could be crucial for ensuring long-term economic and environmental stability in the country.

Resource Rents

Total natural resources rents (% of GDP): Greece's value of 0.0388 is significantly below the average of 4.6300. This places Greece at rank 157 out of 175 countries with data available.

Coal rents (% of GDP): The country's 0.0095 is notably lower than the average of 0.3961. Greece ranks 43 out of 65 countries in this category.

Forest rents (% of GDP): With 0.0091, Greece is well below the average of 1.5258. The country ranks 153 out of 174 included nations.

Oil rents (% of GDP): Greece's 0.0065 is significantly lower than the average of 2.5051. This secures Greece's rank at 100 out of 117 countries.

Natural gas rents (% of GDP): Greece's value of 0.0001 is far below the average of 1.2527. This places Greece at rank 91 out of 96 countries with available data.

Mineral rents (% of GDP): Greece's 0.0136 is notably lower than the average of 1.2286. The country ranks 74 out of 86 countries in this attribute.

Summary

Greece exhibits significantly low levels of natural resources rents across various categories such as coal, forest, oil, natural gas, and minerals when compared to global averages. This indicates a potential limitation in the country's ability to generate revenue and economic growth through the exploitation of its natural resources. It underscores the importance for Greece to diversify its income sources and potentially invest in other sectors to boost its economic development and resilience.

Commodities

- Cereal production in Greece is 3,105,370 metric tons, which is below the average of 17,249,946. Greece ranks 78th out of 174 countries in this attribute data.
- Aquaculture production in Greece is 131,737.18 metric tons, also below the average of 679,642. Greece ranks 32nd out of 180 countries.
- Capture fisheries production in Greece is 71,476.01 metric tons, below the average of 467,453. Greece ranks 86th out of 190 countries.
- Total fisheries production in Greece is 203,213.19 metric tons, falling below the average of 1,153,914. Greece ranks 59th out of 182 countries.
- Fertilizer consumption in Greece is 149.97 kilograms per hectare of arable land, slightly below the average of 159. Greece ranks 61st out of 187 countries.

Summary

The analysis of key macroeconomic indicators for Greece reveals that the country has below-average production levels in cereal, aquaculture, capture fisheries, and total fisheries. Additionally, Greece's fertilizer consumption per hectare of arable land is slightly lower than the average. These findings are important as they indicate potential areas of improvement for Greece's agricultural sector to enhance food security, economic growth, and international competitiveness.

Intellectual Property

1. Industrial design applications, nonresident, by count: Greece has 274 applications, which is below the average of 1415.83. It ranks 56 out of 112 countries in the dataset.

2. Industrial design applications, resident, by count: Greece has 801 applications, lower than the average of 9799.58. It ranks 32 out of 113 countries.

3. Patent applications, nonresidents: Greece has 363 applications, well below the average of 6538.40. It ranks 46 out of 129 countries.

4. Patent applications, residents: Greece has 400 applications, significantly lower than the average of 19037.56. It ranks 47 out of 117 countries.

5. Scientific and technical journal articles: Greece has 12538.66 articles, slightly below the average of 15103.76. It ranks 37 out of 192 countries.

6. Charges for the use of intellectual property, payments (BoP, current US$): Greece's payments amount to 320133707.82 USD, far below the average of 3218843494.39 USD. It ranks 50 out of 143 countries.

7. Charges for the use of intellectual property, receipts (BoP, current US$): Greece's receipts are 58531027.32 USD, significantly lower than the average of 3191687117.58 USD. It also ranks 50 out of 122 countries.

8. Researchers in R&D (per million people): Greece has 4073.55 researchers per million people, above the average of 2556.45. It ranks 21 out of 72 countries.

Summary

Greece's performance in key macroeconomic indicators such as industrial design applications, patent applications, scientific articles, and intellectual property payments and receipts is generally below average compared to other countries in the dataset. However, Greece stands out positively in terms of researchers in R&D per million people, where it surpasses the average. These indicators are crucial as they provide insights into Greece's innovation landscape, competitiveness, and investment in research and development, highlighting areas where the country may need to focus on improving to enhance its economic growth and global positioning.

Broad Economy Attributes

Based on the GDP (current US$) statistic, Greece's value of 188.48 billion USD is below the average of 442.87 billion USD, ranking 50th out of 189 countries.

Looking at GDP per capita (current US$), Greece's value of 17,617.29 USD is above the average of 15,462.11 USD, placing it at the 47th position out of 190 countries in the dataset.

In terms of GNI (current US$), Greece's figure of 187.72 billion USD falls below the average of 452.04 billion USD, ranking 50th out of 185 countries.

Lastly, analyzing GNI per capita, PPP (current international $), Greece's value of 28,970 USD surpasses the average of 20,615.75 USD, positioning Greece at 48th place out of 181 countries.

Summary

Greece's GDP and GNI values are below the global averages, indicating a relatively smaller economic output compared to other nations. However, Greece performs better in terms of GDP per capita and GNI per capita, signaling a higher income level for individuals within the country despite the overall economic challenges. These statistics are important as they provide insights into Greece's economic standing compared to the rest of the world, showcasing both strengths and weaknesses in its economy.

Broad Value Added

Greece's Gross value added at basic prices is $165.29 billion, ranking 47 out of 176 countries in the dataset, below the average of $360.07 billion.

The Agriculture, forestry, and fishing value added (% of GDP) in Greece is 4.10%, ranking 117 out of 182 countries, significantly below the average of 10.86%.

Greece's Agriculture, forestry, and fishing value added in current US$ is $7.73 billion, ranking 52 out of 182 countries, below the average of $19.92 billion.

Services value added (% of GDP) in Greece is 68.93%, ranking 27 out of 183 countries, above the average of 56.72%.

Greece's Services value added in current US$ is $129.92 billion, ranking 48 out of 183 countries, below the average of $295.83 billion.

For Industry (including construction) value added in current US$, Greece's value is $27.64 billion, ranking 62 out of 183 countries, below the average of $118.42 billion.

Summary

Greece's economy shows strengths in services with a high Services value added (% of GDP) and a considerable Gross value added at basic prices. However, its Agriculture, forestry, and fishing sectors lag behind significantly both in contribution to GDP and in absolute value added. The low rankings in agriculture-related indicators could indicate a potential vulnerability in food security and reliance on imports, impacting the country's self-sustainability and economic stability.

Manufacturing Value Added

- Manufacturing, value added (current US$): Greece's value in this attribute is significantly below the average, ranking 57 out of 173 countries.
- Manufacturing, value added (% of GDP): Greece's value in this attribute is below the average, ranking 116 out of 109 countries.
- Medium and high-tech manufacturing value added (% manufacturing value added): Greece's value is slightly below the average, ranking 69 out of 149 countries.
- Chemicals (% of value added in manufacturing): Greece's value is above the average, ranking 28 out of 89 countries.
- Food, beverages and tobacco (% of value added in manufacturing): Greece's value is significantly above the average, ranking 19 out of 92 countries.
- Machinery and transport equipment (% of value added in manufacturing): Greece's value is below the average, ranking 59 out of 93 countries.
- Textiles and clothing (% of value added in manufacturing): Greece's value is below the average, ranking 47 out of 93 countries.
- Other manufacturing (% of value added in manufacturing): Greece's value is below the average, ranking 55 out of 94 countries.

Summary

Greece's manufacturing sector faces challenges as it lags behind the global average in key indicators such as Manufacturing value added, Medium and high-tech manufacturing value added, Machinery and transport equipment value added among others. However, Greece performs above average in Chemicals and significantly above average in Food, beverages, and tobacco value added. These findings are crucial as they highlight the strengths and weaknesses of Greece's industrial structure, pointing towards areas that may need further investment and development to enhance competitiveness and economic growth.

Money

For Inflation, consumer prices (annual %), Greece's rate is -1.25%, significantly below the average of 8.26%. This places Greece at rank 157 out of 165 countries in the dataset.

Regarding Inflation, GDP deflator (annual %), Greece's rate stands at -0.75%, lower than the average of 6.90%. This positions Greece at rank 152 out of 188 countries included in the data.

Summary

Greece displays a deflationary trend based on key inflation indicators. With both consumer prices and GDP deflator experiencing negative growth rates, Greece ranks low compared to other countries in the dataset. This could indicate underlying economic challenges such as weak consumer demand, declining investment, or potential financial instability, warranting further investigation and potential policy interventions to stimulate growth and stability.

Consumption Expenditure

1. Final consumption expenditure (current US$): Greece's final consumption expenditure is $175,815,639,416.87, which is below the average of $381,630,252,515.38. Greece ranks 43rd out of 159 countries in this attribute.

2. Final consumption expenditure (% of GDP): Greece's final consumption expenditure is 93.28% of GDP, higher than the average of 82.37%. Greece ranks 33rd out of 159 countries in this attribute.

3. General government final consumption expenditure (current US$): Greece's government final consumption expenditure is $43,492,011,173.19, below the average of $93,676,578,238.03. Greece ranks 40th out of 158 countries in this attribute.

4. General government final consumption expenditure (% of GDP): Greece's government final consumption expenditure is 23.08% of GDP, above the average of 18.71%. Greece ranks 30th out of 158 countries in this attribute.

5. Household and NPISHs Final consumption expenditure (current US$): Greece's household final consumption expenditure is $132,323,628,243.68, below the average of $290,127,571,157.69. Greece ranks 43rd out of 158 countries in this attribute.

6. Household and NPISHs final consumption expenditure (% of GDP): Greece's household final consumption expenditure is 70.21% of GDP, higher than the average of 63.68%. Greece ranks 55th out of 158 countries in this attribute.

Summary

Greece's final consumption expenditure, both in total and relative to GDP, is below the global average but ranks moderately well among countries. The government's final consumption expenditure is also below average in both categories, while household consumption is higher than average. These indicators reflect Greece's economic structure, with relatively higher household spending compared to government expenditure, which can impact economic growth, public finances, and overall stability.

Equities

- Listed domestic companies, total: Greece has 171 listed domestic companies, which is significantly below the average of 636.625 companies. This places Greece at rank 34 out of 72 countries included in the data. - Stocks traded, total value (current US$): Greece's total stocks traded amount to $16,482,780,000, well below the average of $1,379,501,950,182.91. Greece ranks 31 out of 71 countries in this aspect. - Stocks traded, total value (% of GDP): With stocks traded valued at 8.75% of its GDP, Greece falls below the average of 31.65%. This places Greece at rank 30 out of 71 countries. - Market capitalization of listed domestic companies (current US$): Greece's market capitalization stands at $50,986,890,000, significantly lower than the average of $1,196,037,851,618.88. Greece ranks 38 out of 73 countries in this regard. - Market capitalization of listed domestic companies (% of GDP): Greece's market capitalization is 27.05% of its GDP, which is below the average of 71.24%. Greece ranks 45 out of 73 countries in this metric. - S&P Global Equity Indices (annual % change): Greece experienced a -13.54% change in the S&P Global Equity Indices, significantly below the average change of 2.06%. This places Greece at rank 67 out of 79 countries included in the data.

Summary

Greece lags behind the global average in key macroeconomic indicators related to the stock market and equity indices. With lower numbers of listed domestic companies, lower stocks traded values, and market capitalization percentages below the average, Greece's stock market is relatively underdeveloped compared to its peers. The negative change in the S&P Global Equity Indices further highlights the challenges Greece faces in attracting investment and fostering market growth. These findings are important as they indicate the need for reforms and strategies to strengthen Greece's stock market and improve its performance in the global economic landscape.

Investment

- Foreign direct investment, net (BoP, current US$): Greece has a net foreign direct investment of -2655346655.83, which is below the average of -1615235980.51. Greece's rank of 132 out of 169 countries indicates a relatively low position in this aspect.

- Foreign direct investment, net inflows (BoP, current US$): With a value of 3303648833.23, Greece surpasses the average of 5749271080.15. However, it holds a rank of 43 out of 182 countries, showcasing a moderate performance in attracting net foreign investment inflows.

- Foreign direct investment, net inflows (% of GDP): Greece's value of 1.75% is lower than the average of 2.61%. The country is ranked 88 out of 178 nations in terms of net foreign direct investment inflows as a percentage of GDP.

- Foreign direct investment, net outflows (BoP, current US$): Greece's outflows amount to 648302177.40, significantly below the average of 5707991116.07. The country ranks 47 out of 156 countries for this attribute.

- Foreign direct investment, net outflows (% of GDP): At 0.34%, Greece's net outflows as a percentage of GDP are well below the average of 1.00%. The country is positioned at 63 out of 155 nations in this regard.

- Portfolio Investment, net (BoP, current US$): Greece's net portfolio investment stands at 53375659031.78, markedly higher than the average of 679559169.57. The country achieves an impressive rank of 5 out of 159 countries, indicating a strong financial position in this area.

- Portfolio equity, net inflows (BoP, current US$): Greece experiences negative net inflows in portfolio equity with a value of -690815477.93, contrasting with the average of 9197145994.70. The country's rank of 106 out of 125 nations demonstrates a lower-than-average performance in attracting portfolio equity investments.

Summary

Greece displays mixed results in key macroeconomic indicators related to foreign direct investment and portfolio investments. While the country struggles with low net foreign direct investment inflows and outflows compared to the averages, it excels in net portfolio investments, ranking 5th globally. These findings are crucial as they indicate Greece's attractiveness to foreign investment, its ability to finance projects and spur economic growth, and its position in the global financial market.

Broad Trade Attributes

Trade (% of GDP): Greece's trade as a percentage of GDP is 71.84%, which is below the average of 82.34%. Greece is ranked 74th out of 163 countries in this attribute.

Merchandise trade (% of GDP): Greece's merchandise trade as a percentage of GDP is 48.37%, below the average of 60.01%. Greece is ranked 104th out of 186 countries in this attribute.

Trade in services (% of GDP): Greece's trade in services as a percentage of GDP is 23.12%, slightly below the average of 24.63%. Greece is ranked 51st out of 171 countries in this attribute.

External balance on goods and services (current US$): Greece has a negative external balance of goods and services amounting to -14,535,865,236.14 USD, significantly below the average of 3,405,509,011.13 USD. Greece is ranked 153rd out of 163 countries in this attribute.

External balance on goods and services (% of GDP): Greece's external balance on goods and services as a percentage of GDP is -7.71%, which is lower than the average of -5.97%. Greece is ranked 105th out of 163 countries in this attribute.

Summary

Greece demonstrates a trade-dependent economy with trade accounting for 71.84% of its GDP, slightly below the global average. However, the country's merchandise trade is below average at 48.37% of GDP. Despite a negative external balance on goods and services, Greece's trade in services is relatively competitive at 23.12% of GDP. These indicators are crucial as they highlight Greece's trade vulnerabilities and the need to diversify its trade portfolio to improve economic resilience.

Net Trade

- The Current account balance (BoP, current US$) for Greece is -12.41 billion USD, which is significantly below the average of 1.44 billion USD. Greece ranks 158th out of 170 countries in this attribute data.
- Greece's Current account balance (% of GDP) is -6.59%, below the average of -2.36%. The country ranks 130th out of 170 countries.
- Greece's Net trade in goods and services (BoP, current US$) stands at -12.74 billion USD, well below the average of 2.60 billion USD. The country ranks 160th out of 171 countries.
- In Net primary income (BoP, current US$), Greece performs better with -347.24 million USD, higher than the average of -903.81 million USD. The country ranks 78th out of 170 countries.
- Greece's Net secondary income (BoP, current US$) is positive at 671.03 million USD, higher than the average of -269.23 million USD. Greece ranks 68th out of 170 countries.
- Net trade in goods (BoP, current US$) for Greece is -21.14 billion USD, significantly below the average of 1.30 billion USD. The country ranks 161st out of 171 countries.
- Greece's Net capital account (BoP, current US$) is 3.19 billion USD, much higher than the average of 136.54 million USD. Greece ranks 6th out of 159 countries.
- Lastly, Greece's Net financial account (BoP, current US$) is -8.64 billion USD, well below the average of -0.47 billion USD. The country ranks 155th out of 170 countries.

Summary

Based on the analysis of key macroeconomic indicators for Greece, it is evident that the country is facing significant challenges in its current account balance, net trade in goods and services, and net trade in goods. However, Greece performs relatively well in net primary income and net secondary income. The positive net capital account indicates potential for investment flows into the country. These indicators are crucial as they reflect Greece's economic competitiveness, trade dynamics, and overall financial health in the global context.

Broad Export Attributes

1. Exports of goods, services and primary income (BoP, current US$): Greece's value for this attribute is $66,195,088,845.84, which is below the average of $146,238,908,936.30. Greece is ranked 47th out of 170 countries.

2. Exports of goods and services (BoP, current US$): Greece's value is $59,021,509,142.43, also below the average of $122,938,540,059.78. Greece ranks 46th out of 170 countries in this attribute.

3. Exports of goods and services (current US$): Greece's value is $60,434,496,175.05, below the average of $129,596,864,610.19. It is ranked 47th out of 163 countries.

4. Exports of goods and services (% of GDP): Greece's value is 32.06%, lower than the average of 38.19%. Greece is ranked 72nd out of 163 countries for this attribute.

5. Goods exports (BoP, current US$): Greece's value is $33,035,804,104.23, below the average of $93,310,581,697.39. Greece is ranked 53rd out of 171 countries.

6. International tourism, receipts (% of total exports): Greece's value is 10.49%, above the average of 9.74%. The country is ranked 30th out of 120 countries in this aspect.

7. ICT goods exports (% of total goods exports): Greece's value stands at 3.51%, below the average of 3.81%. Greece is ranked 32nd out of 142 countries for this attribute.

Summary

Greece's export performance across various categories falls below global averages, impacting its overall ranking among countries. The country's lower exports as a percentage of GDP and below-average goods export values indicate potential challenges in leveraging trade for economic growth. However, Greece's higher share of international tourism receipts compared to the average underscores a strength in its tourism sector, which could be crucial for generating foreign exchange reserves and supporting the economy.

Merchandise Exports

Analysis of Key Trade Statistics for Greece:

1. Merchandise exports (current US$): Greece's merchandise exports amount to $35,215,000,000, ranking 54th out of 187 countries. This value is below the average of $89,542,711,229.95.

2. Agricultural raw materials exports (% of merchandise exports): Greece's export of agricultural raw materials accounts for 1.76% of its total merchandise exports, below the average of 2.97%. Greece ranks 55th out of 151 countries in this aspect.

3. Food exports (% of merchandise exports): Food exports contribute to 21.73% of Greece's total merchandise exports, below the average of 24.06%. Greece ranks 59th out of 152 countries in this category.

4. Fuel exports (% of merchandise exports): Greece's fuel exports represent 21.87% of its total merchandise exports, significantly higher than the average of 13.70%. Greece ranks 28th out of 147 countries for fuel exports.

5. Ores and metals exports (% of merchandise exports): Greece's ores and metals exports constitute 8.69% of its merchandise exports, slightly below the average of 9.10%. Greece is ranked 32nd out of 152 countries for this category.

6. Merchandise exports by the reporting economy, residual (% of total merchandise exports): Greece's residual merchandise exports make up 0.11% of its total merchandise exports, much lower than the average of 3.20%. Greece is ranked 105th out of 166 countries based on this metric.

Summary

In summary, Greece has a moderate level of merchandise exports amounting to $35.22 billion, below the global average. The country's export composition shows a lower emphasis on agricultural raw materials and food exports, while having a higher proportion of fuel exports compared to the average. These statistics are important as they indicate Greece's trade strengths and weaknesses, highlighting areas for potential diversification and future growth strategies.

Technology Exports

In terms of Manufactures exports (% of merchandise exports), Greece's value of 43.18% is slightly above the average of 42.62%. With a rank of 72 out of 152 countries, Greece performs moderately compared to other nations in this aspect.

Regarding High-technology exports (current US$), Greece's value of $2,006,301,947 is significantly below the average of $16,655,934,078.80. Greece ranks 44th out of 151 countries, indicating a relatively lower performance in this area.

For High-technology exports (% of manufactured exports), Greece's value of 13.25% exceeds the average of 10.15%. Positioned at 36th out of 150 countries, Greece demonstrates a relatively stronger focus on high-technology exports within its manufactured goods sector.

Lastly, in terms of Medium and high-tech exports (% manufactured exports), Greece's value of 35.95% is slightly above the average of 34.29%. With a rank of 67 out of 149 countries, Greece's performance is on par with the global average in this category.

Summary

Greece's performance in key macroeconomic indicators related to exports reveals a mixed picture. While the country ranks moderately in Manufactures exports and Medium and high-tech exports, it lags behind significantly in High-technology exports both in absolute value and as a percentage of manufactured exports. This indicates a potential need for Greece to focus more on expanding its high-technology export capabilities to align with global standards and enhance its competitive position in the global market.

Service Exports

1. Service exports (BoP, current US$): Greece's service exports amount to $25,985,705,038.20, which is below the average of $28,917,292,503.82. Greece ranks 34th out of 171 countries in this attribute.

2. ICT service exports (BoP, current US$): Greece's ICT service exports total $1,123,435,613.31, significantly lower than the average of $4,578,501,153.77. The country ranks 50th out of 166 nations.

3. ICT service exports (% of service exports, BoP): Greece's ICT service exports account for 4.32% of its total service exports, well below the average of 11.75%. Greece holds the 118th position out of 166 countries.

4. Communications, computer, etc. (% of service exports, BoP): In this category, Greece's percentage stands at 17.77%, falling short of the average of 45.85%. The country's rank is 149th out of 169 countries.

5. Transport services (% of service exports, BoP): Greece excels in this area with 60.53% of its service exports attributed to transport services, surpassing the average of 21.80%. The country secures the 8th rank out of 169 nations.

6. Travel services (% of service exports, BoP): Greece's travel services contribute 19.30% to its service exports, slightly below the average of 26.40%. The country holds the 87th position out of 167 countries.

7. Insurance and financial services (% of service exports, BoP): Greece's insurance and financial services represent 2.41% of its service exports, lower than the average of 6.46%. The country ranks 103rd out of 161 nations.

Summary

Greece's service exports, particularly in ICT, communications, and financial services, fall below global averages across various categories. However, the country excels in transport services, outperforming the average significantly. The distribution of service exports highlights Greece's strengths and weaknesses in different sectors, indicating potential areas for growth and improvement to enhance its overall economic competitiveness.

Commercial Service Exports

Commercial service exports (current US$): Greece's commercial service exports amount to $25,853,252,166.96, ranking 34th out of 171 countries. This value is below the average of $28,508,218,402.80 for all countries in the dataset.

Travel services (% of commercial service exports): Greece's travel services account for 19.40% of its commercial service exports, ranking 88th out of 167 countries. This percentage is below the average of 27.89% for all countries in the dataset.

Computer, communications, and other services (% of commercial service exports): Greece's services in this category constitute 17.35% of its commercial service exports, ranking 134th out of 169 countries. The percentage is notably below the average of 42.44% for all countries in the dataset.

Insurance and financial services (% of commercial service exports): Greece's insurance and financial services make up 2.42% of its commercial service exports, placing it 106th out of 161 countries. This figure is lower than the average of 6.97% for all countries in the dataset.

Transport services (% of commercial service exports): Greece's transport services represent 60.84% of its commercial service exports, ranking it 10th out of 169 countries. This percentage is significantly higher than the average of 23.37% for all countries in the dataset.

Summary

Greece's commercial service exports are below average, with a significant reliance on transport services, which account for a substantial portion of its total exports. However, the country lags in areas such as travel services, computer, communications, and other services, as well as insurance and financial services. This indicates a potential need for diversification and growth in these sectors to enhance Greece's overall export competitiveness and resilience in the global market.

Broad Import Attributes

1. Imports of goods and services (current US$): Greece's value is $74,970,361,411.1924, which is below the average of $126,191,355,599.06197. Greece ranks 44th out of 163 countries in this attribute.

2. Imports of goods and services (% of GDP): Greece's value is 39.78%, slightly below the average of 44.15%. In this, Greece ranks 72nd out of 163 countries.

3. International tourism, expenditures (% of total imports): Greece's value is 2.09%, lower than the average of 3.98%. Greece ranks 94th out of 131 countries in this aspect.

4. ICT goods imports (% total goods imports): Greece's value is 5.60%, below the average of 6.85%. Greece ranks 66th out of 143 countries in this regard.

5. Goods imports (BoP, current US$): Greece's value is $54,171,105,482.6332, below the average of $92,007,788,027.16908. Greece ranks 43rd out of 171 countries.

6. Imports of goods and services (BoP, current US$): Greece's value is $71,758,333,127.5143, which is below the average of $120,321,577,988.12045. Greece ranks 44th out of 170 countries in this attribute.

7. Imports of goods, services and primary income (BoP, current US$): Greece's value is $79,279,153,255.6383, significantly below the average of $144,514,428,722.27856. Greece ranks 44th out of 170 countries considered.

Summary

Greece's key macroeconomic indicators related to imports of goods and services paint a picture of its trade dynamics. While the country's imports in terms of both current US dollars and as a percentage of GDP are below the global average, its expenditure on international tourism is notably low. Greece's ranking in these indicators signifies its position in the global trade landscape and highlights areas where the country may need to focus on increasing competitiveness and optimizing spending to enhance economic growth and development.

Merchandise Imports

For "Merchandise imports (current US$)", Greece's value is $55,947,000,000, which is below the average of $89,385,605,263. Greece ranks 44 out of 190 countries in this attribute data.

In "Manufactures imports (% of merchandise imports)", Greece's value is 59.12%, slightly below the average of 66.76%. Greece ranks 119 out of 152 countries in this aspect.

Regarding "Agricultural raw materials imports (% of merchandise imports)", Greece's value is 0.81%, lower than the average of 1.27%. Greece ranks 108 out of 152 countries in this category.

In "Food imports (% of merchandise imports)", Greece has a value of 13.08%, slightly below the average of 15.89%. Greece ranks 92 out of 152 countries in this aspect.

For "Fuel imports (% of merchandise imports)", Greece's value is 19.91%, above the average of 11.38%. Greece ranks 13 out of 152 countries in this attribute data.

In "Ores and metals imports (% of merchandise imports)", Greece's value is 3.96%, higher than the average of 2.57%. Greece ranks 27 out of 152 countries in this attribute data.

Regarding "Merchandise imports by the reporting economy, residual (% of total merchandise imports)", Greece's value is 0.15%, significantly below the average of 2.51%. Greece ranks 118 out of 180 countries in this aspect.

Summary

Greece's merchandise imports total $55,947,000,000, ranking 44th out of 190 countries. The country generally falls below global averages in various import categories such as manufactures, agricultural raw materials, food, and ores/metals. Notably, Greece's fuel imports as a percentage of merchandise imports are higher than average, indicating a potential vulnerability to fluctuations in fuel prices. These statistics are crucial as they highlight Greece's trading patterns, economic dependencies, and areas of potential risk or opportunity in the global market.

Service Imports

Analysis of key service imports statistics for Greece:

1. Service imports (BoP, current US$): Greece's value of $17,587,227,644.88 is below the average of $27,615,356,170.47. Greece ranks 42 out of 171 countries in this dataset.

2. Communications, computer, etc. (% of service imports, BoP): Greece's percentage of 22.05% is below the average of 44.40%. The country ranks 146 out of 169 countries for this attribute.

3. Transport services (% of service imports, BoP): Greece's percentage of 63.94% is above the average of 32.90%. Greece ranks 8 out of 169 countries in this category.

4. Travel services (% of service imports, BoP): Greece's percentage of 5.11% is below the average of 14.14%. The country holds the 137th rank out of 169 countries for this attribute.

5. Insurance and financial services (% of service imports, BoP): Greece's percentage of 8.89% is above the average of 8.53%. The country ranks 61 out of 169 countries for this specific statistic.

Summary

Greece's service imports value is below the global average, ranking 42nd out of 171 countries. The country has a lower share of communications and computer services in its imports compared to the average, but a higher share of transport services. However, Greece's proportion of travel services in its imports is below average, while its insurance and financial services share is above average. These statistics are crucial as they reveal Greece's reliance on transport services for imports and its potential for growth in sectors like communications and finance.

Commercial Service Imports

1. Commercial service imports (current US$): Greece's value of 17,358,524,543.02 is below the average of 27,102,746,128.60. Greece ranks 40 out of 171 countries in commercial service imports data.

2. Computer, communications and other services (% of commercial service imports): Greece's value of 21.03% is below the average of 41.71%. Greece ranks 137 out of 169 countries in this category.

3. Insurance and financial services (% of commercial service imports): Greece's value of 9.01% is above the average of 8.85%. Greece ranks 61 out of 169 countries for insurance and financial services.

4. Transport services (% of commercial service imports): Greece's value of 64.79% is significantly above the average of 34.71%. Greece ranks 12 out of 169 countries for transport services.

5. Travel services (% of commercial service imports): Greece's value of 5.17% is below the average of 14.73%. Greece ranks 137 out of 169 countries in travel services.

Summary

In analyzing key macroeconomic indicators for Greece, we observe that the country's commercial service imports value is below the global average, ranking 40th out of 171 countries. Furthermore, Greece's reliance on transport services as a percentage of commercial service imports is significantly higher than the average, positioning it at 12th place globally.

These findings are crucial as they highlight Greece's trade dynamics, showcasing areas of strength and potential vulnerability. The emphasis on transport services indicates a strategic importance in the country's import structure, potentially impacting its competitiveness and resilience to external shocks in the global market.

Infrastructure

Railways, passengers carried (million passenger-km): Greece carries 640 million passenger-km, which is below the average of 32,281.92 million. Greece ranks 38 out of 64 countries in this attribute.

Railways, goods transported (million ton-km): Greece transports 555 million ton-km, much below the average of 119,231.19 million. Greece ranks 54 out of 62 countries in this attribute.

Air transport, freight (million ton-km): Greece transports 10.10 million ton-km, significantly lower than the average of 1,384.37 million. Greece ranks 76 out of 126 countries in this attribute.

Air transport, registered carrier departures worldwide: Greece has 75,393 departures, lower than the average of 134,365.61. Greece ranks 36 out of 149 countries in this attribute.

Air transport, passengers carried: Greece carries 5,647,917 passengers, below the average of 11,848,242.70 passengers. Greece ranks 39 out of 149 countries in this attribute.

Container port traffic (TEU: 20 foot equivalent units): Greece handles 6,183,643 TEU, slightly below the average of 6,907,110.27 TEU. Greece ranks 29 out of 110 countries in this attribute.

Rail lines (total route-km): Greece has 2,345 total route-km, significantly lower than the average of 12,204.74 km. Greece ranks 40 out of 66 countries in this attribute.

Summary

Greece's performance in key macroeconomic indicators related to transportation infrastructure, such as railways, air transport, and container port traffic, falls below global averages in most categories. This suggests a relative underdevelopment or underutilization of the country's transportation networks compared to many other nations worldwide. Improved infrastructure and efficiency in these sectors are vital for enhancing connectivity, trade, economic growth, and competitiveness on the global stage.

Information Technology Infrastructure

For Secure Internet servers in Greece, the country has 95,300 servers, ranking 47th out of 193 countries. This is below the average of 458,294 servers.

Greece has 8,907.71 Secure Internet servers per 1 million people, ranking 51st out of 193 countries, which is below the average of 14,067.17 servers per 1 million people.

Regarding Individuals using the Internet (% of population), Greece has 78.12% of its population online, ranking 71st out of 180 countries. This percentage is above the average of 64.77%.

With 4,257,026 Fixed broadband subscriptions, Greece ranks 34th out of 185 countries, below the average of 6,591,956 subscriptions.

Greece has 11,412,995 Mobile cellular subscriptions, placing it 82nd out of 193 countries. This number is below the average of 42,526,463 subscriptions.

Summary

In summary, Greece ranks below the global average in terms of Secure Internet servers, Secure Internet servers per 1 million people, Fixed broadband subscriptions, and Mobile cellular subscriptions. However, Greece outperforms the global average in terms of individuals using the Internet (% of population). These indicators are crucial as they reflect Greece's digital infrastructure development, connectivity levels, and the extent of digital inclusion within its population compared to other countries.

Energy Consumption

Analysis of Renewable Energy Consumption (% of total final energy consumption) in Greece: Greece's renewable energy consumption is 20.08%, which is below the average of 32.18%. This places Greece at rank 108 out of 191 countries included in the data.

Analysis of CO2 Emissions (kt) in Greece: Greece's CO2 emissions are 51,002.2 kt, significantly below the average of 171,895.94 kt. This places Greece at rank 53 out of 188 countries included in the data.

Summary

In analyzing key macroeconomic indicators for Greece, it is evident that the country's renewable energy consumption of 20.08% falls below the global average of 32.18%. Additionally, Greece's CO2 emissions amount to 51,002.2 kt, which is notably lower than the average of 171,895.94 kt. These statistics are crucial as they underscore Greece's progress towards sustainability and environmental conservation in the global context, positioning the country favorably in terms of renewable energy adoption and carbon footprint reduction.

Government Balance Sheet

When looking at Central government debt as a percentage of GDP, Greece stands out with a value of 253.12%, significantly above the average of 74.12%. This places Greece at the top rank out of 61 countries in the dataset.

In terms of Reserves and related items (Balance of Payments) in current US dollars, Greece's value is $1,772,034,125.22, below the average of $1,924,407,186.58. This places Greece at rank 31 out of 171 countries in the dataset.

Regarding Total reserves minus gold in current US dollars, Greece has a value of $5,005,971,804.65, significantly below the average of $74,221,588,171.61. This places Greece at rank 87 out of 161 countries in the dataset.

Looking at Total reserves (including gold) in current US dollars, Greece's value is $11,931,180,004.65, below the average of $85,708,019,773.47. This places Greece at rank 67 out of 161 countries in the dataset.

Lastly, in terms of Total reserves in months of imports, Greece's value is 1.81, significantly below the average of 7.10. This places Greece at rank 132 out of 151 countries in the dataset.

Summary

Greece stands out with exceptionally high Central government debt as a percentage of GDP, ranking at the top among 61 countries. However, the country's reserves and related items, both in total and excluding gold, fall below global averages, positioning Greece at 31st and 87th ranks respectively. Additionally, Greece's Total reserves (including gold) and Total reserves in months of imports rank at 67th and 132nd places respectively out of 161 and 151 countries.

These indicators are crucial in assessing Greece's financial stability and economic resilience. The high government debt and low reserve levels suggest potential macroeconomic vulnerabilities and limited fiscal flexibility to address economic shocks or fund essential expenditures, which could impact Greece's ability to attract investments and sustain long-term growth.

Government Revenue

1. Revenue, excluding grants (% of GDP): Greece's value is 47.46% of GDP, which is above the average of 27.02%. This places Greece at rank 3 out of 122 countries.

2. Social contributions (% of revenue): Greece's value is 32.48% of revenue, exceeding the average of 22.29%. Greece is ranked 23 out of 81 countries for this metric.

3. Taxes on goods and services (% of revenue): Greece's value is 31.48% of revenue, slightly below the average of 31.82%. This places Greece at rank 66 out of 122 countries.

4. Other taxes (% of revenue): Greece's value is 4.04% of revenue, significantly higher than the average of 2.12%. Greece ranks 16 out of 106 countries in this category.

5. Taxes on income, profits and capital gains (% of revenue): Greece's value is 16.74% of revenue, below the average of 24.66%. This positions Greece at rank 86 out of 119 countries.

Summary

Greece's macroeconomic indicators show that it relies heavily on revenue, with a high percentage coming from social contributions and taxes. The country performs well in terms of social contributions and other taxes compared to the global average, but lags behind in taxes on goods and services and income. These indicators are crucial for assessing Greece's fiscal stability, economic structure, and government policies, providing insights into the country's financial health and its ability to fund public services and infrastructure.

Taxes

Regarding Tax revenue (% of GDP), Greece's value of 24.80% is above the average of 16.72%. This places Greece at rank 10 out of 123 countries in the dataset.

For Taxes on income, profits and capital gains (% of total taxes), Greece's value of 32.03% is below the average of 38.40%. Greece is ranked 78 out of 120 countries in this attribute.

As for Tariff rate, applied, weighted mean, all products (%), Greece's rate of 1.48% is below the average of 5.21%. This places Greece at rank 122 out of 153 countries included in the data.

Summary

Greece has a relatively high Tax revenue (% of GDP) compared to the average, ranking 10th out of 123 countries. However, its Taxes on income, profits, and capital gains (% of total taxes) is below average, placing Greece at 78th out of 120 countries. Additionally, Greece's Tariff rate for all products is considerably low, ranking 122nd out of 153 countries. These indicators are crucial as they provide insight into Greece's fiscal policies, revenue generation efficiency, and trade competitiveness in the global market.

Government Expenses

Expense (% of GDP): Greece's expense as a percentage of GDP is 58.55%, exceeding the average of 31.69%. This places Greece at rank 5 out of 123 countries.

Compensation of employees (% of expense): Greece's compensation of employees as a percentage of expense is 19.47%, below the average of 24.70%. Greece ranks 72 out of 123 countries in this aspect.

Goods and services expense (% of expense): Greece's goods and services expense as a percentage of total expense is 6.78%, lower than the average of 14.77%. It ranks 98 out of 122 countries.

Interest payments (% of expense): Greece's interest payments as a percentage of expense is 5.38%, below the average of 6.85%. The country ranks 58 out of 121 countries in this category.

Other expense (% of expense): Greece's other expenses as a percentage of total expenses is 5.40%, lower than the average of 8.29%. It ranks 65 out of 120 countries.

Subsidies and other transfers (% of expense): Greece's subsidies and other transfers as a percentage of expense is 46.70%, slightly above the average of 43.29%. The country is ranked 52 out of 121 countries in this aspect.

Summary

Greece demonstrates a high expense as a percentage of GDP, ranking 5th out of 123 countries. However, its allocation towards compensation of employees, goods and services, interest payments, and other expenses is below average, leading to varied rankings in these categories. The high percentage of subsidies and other transfers compared to total expense also places Greece above the average.

These indicators are crucial as they reflect the government's fiscal priorities and allocation of resources. They highlight areas where Greece may need to adjust its spending patterns to enhance economic efficiency and sustainability, potentially impacting its overall economic development and competitiveness in the global market.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Population ages 65 and above (% of total population)	7/194
Armed forces personnel (% of total labor force)	15/164
Portfolio Investment, net (BoP, current US$)	5/159
Net capital account (BoP, current US$)	6/159
Transport services (% of service exports, BoP)	8/169
Transport services (% of commercial service exports)	10/169
Fuel imports (% of merchandise imports)	13/152
Transport services (% of service imports, BoP)	8/169
Transport services (% of commercial service imports)	12/169
Central government debt, total (% of GDP)	1/61
Revenue, excluding grants (% of GDP)	3/122
Tax revenue (% of GDP)	10/123
Expense (% of GDP)	5/123

Ranks in Bottom Decile For:

Attribute	Rank/Total
Population ages 0-14 (% of total population)	182/194
Birth rate, crude (per 1,000 people)	186/192
Fertility rate, total (births per woman)	172/190
Natural gas rents (% of GDP)	91/96
Inflation, consumer prices (annual %)	157/165
External balance on goods and services (current US$)	153/163
Current account balance (BoP, current US$)	158/170
Net trade in goods and services (BoP, current US$)	160/171
Net trade in goods (BoP, current US$)	161/171
Net financial account (BoP, current US$)	155/170