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

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10 Mind blowing facts about Greece's Economy

  • 2. Greece has a history of financial troubles — the country's first default occurred way back in the fourth century B.C! 1 FACT 1
  • 3. 2 FACT 2 Greece has spent a combined 90 years — almost half of the time since its independence — in financial crisis! 90
  • 4. FACT 33 Corruption costs Greece about 8% to 10% of GDP per year!
  • 5. 4 FACT 4 Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."
  • 6. 5 FACT 5 49.7% of Greece's young active population is unemployed!
  • 7. 6 FACT 6 63.5% of Greeks between ages 18 and 34 live at home with their parents!
  • 8. 7 FACT 7 Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.
  • 9. 8 FACT 8 Greece's annual production of olive oil weighs as much as 1,575 blue whales!
  • 10. 9 FACT 9 An election in Greece caused the latest outbreak of drama!
  • 11. 10 FACT 10 The eurozone is a political project, not an economic one!