2. ECONOMY OF GREECE
The economy of Greece is the 45th largest in the world
with a nominal gross domestic product (GDP) of $235.6
billion per annum.It is also the 51st largest in the world by
purchasing power parity.As of 2013, Greece is the
thirteenth-largest economy in the 28-member European
Union.Greece is ranked 38th and 44th in the world for
nominal GDP per capita and purchasing power parity per
capita respectively.
Greece is a developed country with an economy based on
the service and industrial sectors.The agricultural sector
contributed 3.9% of national economic output in
2015.Important Greek industries include tourism and
shipping.With 18 million international tourists in 2013,
Greece was the 16th most visited country in the world.
3. STRENGTHS & WEAKNESSES
Greece enjoys a high standard of living and very high
Human Development Index, ranking 29th in the world in
2013. However, the severe recession of recent years has
seen GDP per capita fall from 94% of the EU average in
2009 to 71% in 2015.Greece's main industries are
tourism, shipping, industrial products, food and tobacco
processing, textiles, chemicals, metal products, mining and
petroleum. Greece's GDP growth has also, as an average,
since the early 1990s been higher than the EU average.
However, the Greek economy continues to face significant
problems, including high unemployment levels, an
inefficient public sector bureaucracy, tax
evasion,corruption and low global competitiveness.
4.
5. ECONOMY OF PAKISTAN
The economy of Pakistan is the 26th largest in the world in terms
of purchasing power parity (PPP), and 40st largest in terms of
nominal gross domestic product. Pakistan has a population of over
190 million (the world's 6th-largest). However, Pakistan's
undocumented economy is estimated to be 36% of its overall
economy, which is not taken into consideration when calculating per
capita income. Pakistan is a developing country and is one of the
Next Eleven, the eleven countries that, along with the BRICS, have
a potential to become one of the world's large economies in the 21st
century. However, after decades of war and social instability, as of
2013, serious deficiencies in basic services such as railway
transportation and electric power generation had developed. The
economy is semi-industrialized, with centres of growth along the
Indus River. Primary export commodities include textiles, leather
goods, sports goods, chemicals and carpets/rugs.
6. CONTINUED.....
Growth poles of Pakistan's economy are situated along the
Indus River. The economy has suffered in the past from
internal political disputes, a fast-growing population, mixed
levels of foreign investment. Foreign exchange reserves are
bolstered by steady worker remittances, but a growing current
account deficit – driven by a widening trade gap as import
growth outstrips export expansion – could draw down reserves
and dampen GDP growth in the medium term.Pakistan is
currently undergoing a process of economic liberalization,
including privatization of all government corporations, aimed to
attract foreign investment and decrease budget deficit.In
2014, foreign currency reserves crossed $18.4 billion which has
led to stable outlook on the long-term rating by Standard &
Poor's.