COUNTRY SNAPSHOTS
Greece Highlights
Joined the OECD: 1961
• GDP per head in Greece rose by almost US$9,800 in the past decade, to over $28,000 in 2010.
Prime Minister: Lucas Papademos
• General government debt came to 147.3% of GDP, compared with 97.6% for the OECD.
Ambassador to the OECD: Konstantina Birmpili
• The proportion of the population aged 65 and over was 18.9%, compared with 14.7% for the OECD.
Parliament website: www.hellenicparliament.gr
• Unemployment stood at 12.6%, compared with 8.6% for the OECD.
Capital city: Athens
• The employment rate for women has increased from 41.3% to to 48.1% in the past decade. • Renewable energy accounted for 7.5% of Greece’s energy supply, up from 5.2% in 2000.
ECONOMY 2000 2010 1
GLOBALISATION
Gross domestic product (US$ bln, PPPs)
201.0
Imports of goods and services (% of GDP)
38.4
29.4
GDP per capita (US$)
18 410 28 189
Exports of goods and services (% of GDP)
24.9
21.0
Real GDP growth (annual %)
4.5
-4.5
Net official development assistance (% of GNI)
0.20
0.17
Household disposable income (annual growth %)
..
2.7 2
Foreign-born population (% of population)
..
..
Budget balance (% of GDP)
-3.7
-10.4
Migration rate (per thousand)
2.7
..
Public debt (% of GDP)
115.3
147.3
Outward FDI stocks (US$ bln)
6
38
Current account balance (% of GDP)
-7.8
-10.4
Inward FDI stocks (US$ bln)
14
34
Inflation rate: all items (annual %)
3.2
4.7
Unit labour cost (annual growth %)
1.5
-0.8
SOCIETY
Long-term interest rates (%)
6.11
9.09
Population (thousands)
10 917 11 283 2
Public expenditure on health (% of GDP)
4.7
..
Life expectancy at birth (years)
78.0
80.3 2
Private expenditure on health (% of GDP)
3.2
..
Population, 65 and over (% of population)
16.6
18.9
Public expenditure on education (% of GDP)
..
..
Employment rates: men (%)
71.3
70.9
Private expenditure on education (% of GDP)
..
..
Employment rates: women (%)
41.3
48.1
Self-employment rates (% of employed)
42.0
35.5
NEW SOURCES OF GROWTH
Unemployment rates (%)
11.2
12.6
Renewable energy (% of energy supply)
5.2
7.5
Long-term unemployment (% of unemployed)
56.4
45.0
Total energy production (Mtoe)
10.0
9.2
Income inequality, rank out of 34 (1: least unequal)
..
18 3
CO2 emissions from fuel combustion (mln tonnes)
87
90 2
Average hours actually worked (per year)
2 121
..
R&D expenditure (% of GDP)
..
..
Taxes on average worker (all-in, % of labour cost)
35.2
36.6
Tertiary graduation rates (% of population)
..
23.5 2
Road fatalities (per mln inhabitants)
193
130 2
Households with Internet access (%)
..
38.1 2
318.7
1. Unless otherwise indicated 2. 2009 data 3. Late 2000s data, based on Gini coefficient
OECD Yearbook 2012 © OECD 2012
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