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
annual GDP. The Greek economy grew by about 4.0% for the past two
years, largely because of an investment boom and infrastructure
upgrades for the 2004 Athens Olympic Games. Despite strong growth,
Greece has failed to meet the EU's Growth and Stability Pact budget
deficit criteria of 3% of GDP since 2000; public debt, inflation,
and unemployment are also above the eurozone average. Further
restructuring of the economy include privatizing several state
enterprises, undertaking pension and other reforms, and minimizing
bureaucratic inefficiencies.
GDP:
purchasing power parity - $213.6 billion (2003 est.)
GDP - real growth rate:
4.7% (2003 est.)
GDP - per capita:
purchasing power parity - $20,000 (2003 est.)
GDP - composition by sector:
agriculture: 6.7%
industry: 22%
services: 71.2% (2003 est.)
Investment (gross fixed):
25.5% of GDP (2003)
Population below poverty line:
NA
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 25.3% (1993 est.)
Distribution of family income - Gini index:
32.7 (1993)
Inflation rate (consumer prices):
3.6% (2003 est.)
Labor force:
4.39 million (2003 est.)
Labor force - by occupation:
agriculture 20%, industry 20%, services 60% (2000 est.)
Unemployment rate:
9.4% (2003 est.)
Budget:
revenues: $76.84 billion
expenditures: $79.48 billion, including capital expenditures of NA
(2003 est.)
Public debt:
100.9% of GDP (2003)
Agriculture - products:
wheat, corn, barley, sugar beets, olives, tomatoes, wine, tobacco,
potatoes; beef, dairy products
Industries:
tourism; food and tobacco processing, textiles; chemicals, metal
products; mining, petroleum
Industrial production growth rate:
0.7% (2003 est.)
Electricity - production:
49.79 billion kWh (2001)
Electricity - consumption:
48.8 billion kWh (2001)
Electricity - exports:
1.062 billion kWh (2001)
Electricity - imports:
3.562 billion kWh (2001)
Oil - production:
5,992 bbl/day (2001 est.)
Oil - consumption:
405,700 bbl/day (2001 est.)
Oil - exports:
84,720 bbl/day (2001)
Oil - imports:
468,300 bbl/day (2001)
Oil - pro
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