the government tightened
policy in the run-up to Greece's entry into the EU's Economic and Monetary
Union (EMU) on 1 January 2001. Major challenges remaining include the
reduction of unemployment and further restructuring of the economy,
including privatizing several state enterprises, undertaking social
security reforms, overhauling the tax system, and minimizing bureaucratic
inefficiencies. Economic growth is forecast at 3%-3.5% in 2002.

GDP: purchasing power parity - $189.7 billion (2001 est.)

GDP - real growth rate: 3.7% (2001 est.)

GDP - per capita: purchasing power parity - $17,900 (2001 est.)

GDP - composition by sector: agriculture: 8.3% industry: 27.3% services:
64.4% (1998)

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): 3.4% (2001)

Labor force: 4.32 million (1999 est.)

Labor force - by occupation: industry 21%, agriculture 20%, services 59%
(2000 est.)

Unemployment rate: 11% (2001 est.)

Budget: revenues: $45 billion expenditures: $47.6 billion, including
capital expenditures of $NA (1998 est.)

Industries: tourism; food and tobacco processing, textiles; chemicals,
metal products; mining, petroleum

Industrial production growth rate: 7% (2000 est.)

Electricity - production: 49.581 billion kWh (2000)

Electricity - production by source: fossil fuel: 91.53% hydro: 6.6%
other: 1.87% (2000) nuclear: 0%

Electricity - consumption: 46.099 billion kWh (2000)

Electricity - exports: 1.74 billion kWh (2000)

Electricity - imports: 1.729 billion kWh (2000)

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

Exports: $12.5 billion (f.o.b., 2001)

Exports - commodities: food and beverages, manufactured goods, petroleum
products, chemicals, textiles

Exports - partners: EU 44% (Germany 12%, Italy 9%, UK 6%), US 5% (2000)

Imports: $30.3 billion (f.o.b., 2001)

Imports - commodities: machinery, transport equipment, fuels, chemicals

Imports - partners: EU 59% (Germany 13%, Italy 13%, France 7%,
Netherlands 6%, UK 5%), US 3% (2000)

Debt - external: $57 billion (2000 est.)

Economic aid - recipient: $5.4 billion from EU (1997 est.)

Currency: euro (EUR); drachma (GRD) note: on 1 January 1999, the
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