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    Greece - Economy
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    How is the economy of Greece? Based on the information we have, Greece has a <p>high-income EU and eurozone economy; growth above euro average, supported by private consumption and EU fund investments; structural reforms strengthening public finances and enhancing resilience within banking system; declining unemployment but low labor productivity and skill shortages</p>. Key agricultural products in this country include: maize, wheat, sheep milk, oranges, tomatoes, milk, peaches/nectarines, grapes, watermelons, barley (2023).
    More about the economy of Greece
    Labor force 4.655 million (2024 est.)
    Industrial production growth rate 6.1% (2024 est.)
    Industries tourism, food and tobacco processing, textiles, chemicals, metal products; mining, petroleum
    Population below poverty line 18.8% (2021 est.)
    Taxes and other revenues 26.6% (of GDP) (2023 est.)
    Fiscal year N/A
    Exchange rates
    Currencyeuros (EUR) per US dollar -
    Exchange rates 20240.924 (2024 est.)
    Exchange rates 20230.925 (2023 est.)
    Exchange rates 20220.95 (2022 est.)
    Exchange rates 20210.845 (2021 est.)
    Exchange rates 20200.876 (2020 est.)
    Reserves of foreign exchange and gold
    Reserves of foreign exchange and gold 2024$15.222 billion (2024 est.)
    Reserves of foreign exchange and gold 2023$13.608 billion (2023 est.)
    Reserves of foreign exchange and gold 2022$12.061 billion (2022 est.)
    Current account balance
    Current account balance 2024-$16.399 billion (2024 est.)
    Current account balance 2023-$15.008 billion (2023 est.)
    Current account balance 2022-$22.623 billion (2022 est.)
    Public debt
    Public debt 2023190.6% of GDP (2023 est.)
    Budget
    Revenues$111.938 billion (2023 est.)
    Expenditures$114.497 billion (2023 est.)
    Budget surplus (+) or deficit (-) N/A
    Remittances
    Remittances 20240.2% of GDP (2024 est.)
    Remittances 20230.2% of GDP (2023 est.)
    Remittances 20220.3% of GDP (2022 est.)
    Household income
    Lowest 10%2.7% (2022 est.)
    Highest 10%25.7% (2022 est.)
    Average household expenditures
    On food16.4% of household expenditures (2023 est.)
    On alcohol and tobacco4.4% of household expenditures (2023 est.)
    Imports
    Imports 2024$122.408 billion (2024 est.)
    Imports 2023$119.234 billion (2023 est.)
    Imports 2022$127.82 billion (2022 est.)
    Imports (partners)Germany 10%, China 10%, Italy 8%, Iraq 7%, Netherlands 6% (2023)
    Comodities Imports forcecrude petroleum, refined petroleum, natural gas, cars, packaged medicine (2023)
    Exports
    Exports 2024$108.424 billion (2024 est.)
    Exports 2023$107.218 billion (2023 est.)
    Exports 2022$106.189 billion (2022 est.)
    Exports (partners)Italy 12%, Germany 6%, Cyprus 6%, Bulgaria 4%, USA 4% (2023)
    Comodities Exports forcerefined petroleum, packaged medicine, aluminum, olive oil, tobacco (2023)
    Real GDP (purchasing power parity)
    Real GDP (purchasing power parity) 2024$392.205 billion (2024 est.)
    Real GDP (purchasing power parity) 2023$383.493 billion (2023 est.)
    Real GDP (purchasing power parity) 2022$374.753 billion (2022 est.)
    GDP (official exchange rate)$257.145 billion (2024 est.)
    Real GDP Per capita
    Real GDP per capita 2024$37,800 (2024 est.)
    Real GDP per capita 2023$36,900 (2023 est.)
    Real GDP per capita 2022$35,900 (2022 est.)
    GDP - composition, by sector of origin
    Agriculture3.3% (2024 est.)
    Industry15.4% (2024 est.)
    Services68% (2024 est.)
    GDP - composition, by end use
    Household consumption66.9% (2023 est.)
    Government consumption19.3% (2023 est.)
    Investment in fixed capital15.2% (2023 est.)
    Investment in inventories1.5% (2023 est.)
    Exports of goods and services43.7% (2023 est.)
    Imports of goods and services-48.4% (2023 est.)
    Unemployment rate
    Unemployment rate 202410.2% (2024 est.)
    Unemployment rate 202311.1% (2023 est.)
    Unemployment rate 202212.5% (2022 est.)
    Youth unemployment rate (ages 15-24)
    Total24.7% (2024 est.)
    Male23.2% (2024 est.)
    Female26.6% (2024 est.)
    All Important Facts about Greece

    Want to know more about Greece? Check all different factbooks for Greece below.

    Greece is found in Southern Europe