| ECONOMY |
| Overview |
Greece
has a mixed capitalist economy with the public sector accounting
for half of GDP and with per capita GDP 70% of the leading
euro-zone economies. Tourism provides 15% of GDP. Immigrants
make up nearly one-fifth of the work force, mainly in menial
jobs. Greece is a major beneficiary of EU aid, equal to about
3.3% of GDP. The economy has improved steadily with economic
growth averaging 4% since 1997, exceeding EU growth by more
than 1 percentage point. Remaining challenges include the
reduction of the public debt, inflation, and unemployment;
and further restructuring of the economy, including privatizing
several state enterprises, undertaking pension and other reforms,
and minimizing bureaucratic inefficiencies. The Olympic Games
will be held in Athens in mid-2004. |
| GDP |
purchasing
power parity - $203.3 billion (2002 est.) |
| GDP
- real growth rate |
4% (2002
est.) |
| GDP
- per capita |
purchasing
power parity - $19,100 (2002 est.) |
| GDP
- composition by sector |
agriculture:
8.1%
industry: 22.3%
services: 69.3% (2002 est.) |
| Population
below poverty line |
NA% |
| Inflation
rate (consumer prices) |
3.6% (2002
est.) |
| Labor
force |
4.37 million
(2002 est.) |
| Labor
force - by occupation |
industry
20%, agriculture 20%, services 59% (2000 est.) |
| Unemployment
rate |
10.3% (2002
est.) |
| Industries |
tourism;
food and tobacco processing, textiles; chemicals, metal products;
mining, petroleum |
| Industrial
production growth rate |
7% (2000
est.) |
