Compare Greece (2008) - Greece (2007)

Compare Greece (2008) z Greece (2007)

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	Greece (2008)	Greece (2007)

Budget	revenues: $111.9 billion expenditures: $120.7 billion (2007 est.)	revenues: $99.13 billion expenditures: $106.7 billion (2006 est.)
Debt - external	$371.5 billion (30 June 2007)	$81.05 billion (2006 est.)
Diplomatic representation in the US	chief of mission: Ambassador Alexandros P. MALLIAS chancery: 2221 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-1300 FAX: [1] (202) 939-1324 consulate(s) general: Boston, Chicago, Los Angeles, New York, San Francisco, Tampa consulate(s): Atlanta, Houston	chief of mission: Ambassador Alexandros P. MALLIAS chancery: 2221 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 939-1300 FAX: [1] (202) 939-1324 consulate(s) general: Boston, Chicago, Los Angeles, New York, San Francisco, Tampa consulate(s): Atlanta, Houston, New Orleans
Economy - overview	Greece has a capitalist economy with the public sector accounting for about 40% of GDP and with per capita GDP at least 75% of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. The Greek economy grew by nearly 4.0% per year between 2003 and 2007, due partly to infrastructural spending related to the 2004 Athens Olympic Games, and in part to an increased availability of credit, which has sustained record levels of consumer spending. Greece violated the EU's Growth and Stability Pact budget deficit criteria 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.	Greece has a capitalist economy with the public sector accounting for about 40% of GDP and with per capita GDP at least 75% of the leading euro-zone economies. Tourism provides 15% of GDP. Immigrants make up nearly one-fifth of the work force, mainly in agricultural and unskilled jobs. Greece is a major beneficiary of EU aid, equal to about 3.3% of annual GDP. The Greek economy grew by nearly 4.0% per year between 2003 and 2006, due partly to infrastructural spending related to the 2004 Athens Olympic Games, and in part to an increased availability of credit, which has sustained record levels of consumer spending. Greece violated the EU's Growth and Stability Pact budget deficit criteria of no more than 3% of GDP from 2001 to 2005, but finally appears on track to meet that criteria in 2006. 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.
Exchange rates	euros per US dollar - 0.7345 (2007), 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003)	euros per US dollar - 0.7964 (2006), 0.8041 (2005), 0.8054 (2004), 0.886 (2003), 1.0626 (2002)
Exports - partners	Germany 11.5%, Italy 11.5%, Bulgaria 6.5%, UK 6.1%, Cyprus 5.5%, Turkey 5.2%, France 4.5%, US 4.5%, Spain 4.1% (2006)	Germany 11.5%, Italy 11.4%, Bulgaria 6.5%, UK 6.1%, Cyprus 5.5%, Turkey 5.2%, France 4.5%, US 4.5%, Spain 4.1% (2006)
GDP - composition by sector	agriculture: 3.2% industry: 20.6% services: 76.3% (2007 est.)	agriculture: 3.3% industry: 20.8% services: 75.9% (2006 est.)
GDP - real growth rate	3.7% (2007 est.)	4.3% (2006 est.)
Imports - partners	Germany 12.6%, Italy 11.5%, Russia 7.1%, France 6%, Netherlands 5.2%, South Korea 4.2% (2006)	Germany 12.6%, Italy 11.5%, Russia 7.1%, France 5.9%, Netherlands 5.2%, South Korea 4.2% (2006)
Industrial production growth rate	3.2% (2007 est.)	2% (2006 est.)
Inflation rate (consumer prices)	2.6% (2007 est.)	3.2% (2006 est.)
International organization participation	Australia Group, BIS, BSEC, CE, CERN, EAPC, EBRD, EIB, EMU, EU, FAO, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, PCA, Schengen Convention, SECI, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNIFIL, UNMEE, UNMIS, UNOMIG, UNWTO, UPU, WCO, WEU, WFTU, WHO, WIPO, WMO, WTO, ZC	Australia Group, BIS, BSEC, CE, CERN, EAPC, EBRD, EIB, EMU, EU, FAO, G- 6, IAEA, IBRD, ICAO, ICC, ICCt, ICRM, IDA, IEA, IFAD, IFC, IFRCS, IHO, ILO, IMF, IMO, IMSO, Interpol, IOC, IOM, IPU, ISO, ITSO, ITU, ITUC, MIGA, MINURSO, NAM (guest), NATO, NEA, NSG, OAS (observer), OECD, OIF, OPCW, OSCE, PCA, Schengen Convention, SECI, UN, UN Security Council (temporary), UNCTAD, UNESCO, UNHCR, UNIDO, UNMEE, UNMIS, UNOMIG, UNWTO, UPU, WCO, WEU, WFTU, WHO, WIPO, WMO, WTO, ZC
Labor force	4.94 million (2007 est.)	4.89 million (2006 est.)
Pipelines	gas 1,166 km; oil 94 km (2007)	gas 1,166 km; oil 94 km (2006)
Political pressure groups and leaders	General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]; Federation of Greek Industries or SEV [Dimitris DASKALOPOULOS]; Civil Servants Confederation or ADEDY [Spyros PAPASPYROS]	General Confederation of Greek Workers or GSEE [Ioannis PANAGOPOULOS]; Federation of Greek Industries or SEV [Odysseas KYRIAKOPOULOS]; Civil Servants Confederation or ADEDY [Spyros PAPASPYROS]
Unemployment rate	8.4% (2007 est.)	9.2% (2006 est.)

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