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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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2012 OECD Yearbook  

2012 OECD Yearbook

2012 OECD Yearbook  

2012 OECD Yearbook

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