Greece Bankruptcy

1. Greece (Hellenic Republic)
Greece, officially the Hellenic Republic, is a country in southeastern Europe with thousands of
islands throughout the Aegean and Ionian seas. it's often called the cradle of Western civilization.
Greece is also known for its beaches, from the black sands of Santorini to the party resorts of
Mykonos.
Greece is a country in the eastern Mediterranean.
 The total area of 131,960 km² and a total coastline of 13,676 km.
 One of the largest countries in Europe and the 97th biggest in the world.
 A high proportion of residents (80%) belong to the urban population.
 The highest mountain peak (Olympus) is 2,917 meters. The country has 3,054 partially
uninhabited islands in the open sea.
 There are direct national borders with the four neighboring countries Albania, Bulgaria,
Turkey, and National Macedonia

2. • The total land area is 128,900 Km2 (49,769 sq. miles).
• The current population of Greece is 10,298,911 as
December 13, 2022, based on the World meter elaboration
of the latest United Nations data.
• Greece’s population is equivalent to 0.13% of the total
world population.
• Greece ranks number 87 in the list of countries’ densities
by population.
• 84.9 % of the population is urban (8,850,409 people in
2020)
• The median age in Greece is 45.6 years.

3. • Greece is a developed country with an economy based on
the service(80%) and industrial sectors(16%), with the
agricultural sector contributing an estimated 4% of the
national economic output in 2017. Important Greek
industries include tourism and shipping.
• Classified as an advanced, high-income economy, and was
a founding member of the organization for economic
cooperation and Development (OECD).
• Also, the organization of the black sea economic
cooperation (BSEC). The country joined what is now the
European Union in 1981.
• In 2001 Greece adopted the Euro as its currency,
replacing the Greek drachma at an exchange rate of
340.75 drachmae per euro.
• Greece is a member of the International monetary
fund and of the world trade organization.

4. Greece Industries:
The Biggest Industries in Greece are reliant on the country’s
natural resources. Agriculture, tourism, Petroleum, and other
industries like shipping.
1-Agriculture:
• In 2010, Greece was the European Union's largest
producer of cotton and pistachios and ranked second in
the production of rice and olives.
• Also, the third was in the production of figs, tomatoes,
and watermelons and the fourth was in the production
of tobacco.
• Greece’s Agriculture contributes 3.8% of the country's
GDP and employs about 528,000 people around 12.4%
of the country's labor force.

5. 3-Tourism:
• Tourism in the country plays a critical role in the economy,
and it is one of the most crucial industries in Greece
accounting for about 25% of the country's GDP.
• In 2008, the tourism industry was responsible for creating
employment directly or indirectly for about 840,000
people, which accounted for about 19% of the workforce
in the country.
• In 2015, the figures stood at 21 million visitors. These
figures indicate that Greece is one of the most visited
nations in Europe. Some of the popular tourist
destinations in the country include the country's capital
cities of Athens, Mykonos, Santorini, and Rhodes.
• In 2018, the country attracted more than 24 million
tourists and the figures in 2017 were 22.1 million.

6. A number of arrivals in tourist accommodation in Greece from 2006 to 2019

7. 2-Shipping:
• The shipping industry has been a key element of Greek
economic activity since ancient times. Shipping remains
one of the country's most important industries,
accounting for 4.5 percent of GDP, employing about
160,000 people (4 % of the workforce).
• Greece has a significant shipbuilding and ship
maintenance industry. The six shipyards around the port
of Piraeus are among the largest in Europe. In recent
years, Greece has also become a leader in the construction
and maintenance of luxury yachts.

8. 4-Petroleum Refining:
The Petroleum Refining in Greece industry is valued at €32.6bn and is ranked 7th in Europe in 2022 (of 15
total EU countries). The industry's rank (7th) has remained the same since 2017.

9. • In 2020, Greece exported $6.88bn in Refined Petroleum,
making it the 17th largest exporter of Refined Petroleum
in the world. In the same year, Refined Petroleum was the
1st most exported product in Greece.
• The main destination of refined petroleum exports from
Greece are Lebanon ($732m), Libya ($656m), South
Korea ($600,m) and Turkey ($487m).
• In 2020, Greece imported $2.56bn in Refined Petroleum,
becoming the 44th largest importer of Refined Petroleum
in the world. At the same year, Refined Petroleum was the
2nd most imported product in Greece.
• Greece imports refined petroleum from Russia ($1.32bn),
Netherlands ($198m), Egypt ($159m), Israel ($133m),
and Turkey ($105m).