The Greek Economy
During 2020, the GDP was reduced by 8.2%. Apart from that, a fall both in unemployment and inflation were also achieved, as shown at the following table:
Major Economic Indicators
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
|
|
GDP (Constant prices 2015) |
-0.4% |
-0.5% |
+1.3% |
+1.6% |
+1.9% |
-8,2% |
|
Inflation: Annual Average |
-1.7% |
-0.8% |
1.1% |
0.6% |
0.3% |
-1,2% |
|
Labour Productivity (EU-27=100)** |
78.1 |
73.6 |
74.3 |
73.4 |
72.9 |
n.a. |
|
Unemployment Rate |
24.9% |
23.5% |
21.5% |
19.3% |
17.3% |
16.3% |
|
Public Investments (%GDP)** |
3.9% |
3.6% |
4.5% |
3.3% |
2.5% |
n.a. |
|
Exports (Goods – Current Prices)* |
25.8 |
25.4 |
28.9 |
33.5 |
33.9 |
30.7 |
|
Imports (Goods – Current Prices)* |
42.2 |
42.3 |
47.3 |
54.1 |
55.8 |
48.7 |
*billion Euros
** Source: Eurostat
***Source: Hellenic Statistical Authority
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