of no more than 3% of GDP from 2001 to
2006, but finally met that criteria in 2007. Public debt, inflation,
and unemployment are above the euro-zone average, but are falling.
The Greek Government continues to grapple with cutting government
spending, reducing the size of the public sector, and reforming the
labor and pension systems, in the face of often vocal opposition
from the country's powerful labor unions and the general public. The
economy remains an important domestic political issue in Greece and,
while the ruling New Democracy government has had some success in
improving economic growth and reducing the budget deficit, Athens
faces long-term challenges in its effort to continue its economic
reforms, especially social security reform and privatization.

GDP (purchasing power parity):

$327.6 billion (2007 est.)

GDP (official exchange rate):

$314.6 billion (2007 est.)

GDP - real growth rate:

4% (2007 est.)

GDP - per capita (PPP):

$30,600 (2007 est.)

GDP - composition by sector:

agriculture: 3.6%
industry: 24.5%
services: 71.9% (2007 est.)

Labor force:

4.92 million (2007 est.)

Labor force - by occupation:

agriculture: 12%
industry: 20%
services: 68% (2004 est.)

Unemployment rate:

8.3% (2007 est.)

Population below poverty line:

NA%

Household income or consumption by percentage share:

lowest 10%: 2.5%
highest 10%: 26% (2000 est.)

Distribution of family income - Gini index:

33 (2005)

Investment (gross fixed):

25.7% of GDP (2007 est.)

Budget:

revenues: $115.2 billion
expenditures: $124.1 billion (2007 est.)

Fiscal year:

calendar year

Public debt:

89.5% of GDP (2007 est.)

Inflation rate (consumer prices):

2.9% (2007 est.)

Central bank discount rate:

NA

Commercial bank prime lending rate:

7.71% (31 December 2007)

Stock of money:

NA
note: see entry for the European Union for money supply in the Euro
Area; the European Central Bank (ECB) controls monetary policy for
the 15 members of the Economic and Monetary Union (EMU); individual
members of the EMU do not control the quantity of money and quasi
money circulating within their own borders

Stock of quasi money:

NA

Stock of domestic credit:

$392.4 billion (31 December 2007)

Agriculture - products:

wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco,
potatoes; beef, dairy products

Industries: