Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

10 Mind blowing facts about Greece's Economy


Published on

We all know Greece is all over the news. Here is my presentation to give you 10 mind blowing facts about Greece's economy.


Source: Investopedia, Greece's Horizons: Reflecting on the Country's Assets and Capabilities, and Business Insider.

Published in: Economy & Finance
  • Login to see the comments

10 Mind blowing facts about Greece's Economy

  1. Greece has a history of financial troubles — the country's first default occurred way back in the fourth century B.C! 1 FACT 1
  2. 2 FACT 2 Greece has spent a combined 90 years — almost half of the time since its independence — in financial crisis! 90
  3. FACT 33 Corruption costs Greece about 8% to 10% of GDP per year!
  4. 4 FACT 4 Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."
  5. 5 FACT 5 49.7% of Greece's young active population is unemployed!
  6. 6 FACT 6 63.5% of Greeks between ages 18 and 34 live at home with their parents!
  7. 7 FACT 7 Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.
  8. 8 FACT 8 Greece's annual production of olive oil weighs as much as 1,575 blue whales!
  9. 9 FACT 9 An election in Greece caused the latest outbreak of drama!
  10. 10 FACT 10 The eurozone is a political project, not an economic one!