Greece Country Snapshot


EIU

Greece - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: Pasok emerged with a resounding victory over the incumbent centre-right New Democracy (ND) in the elections on October 4th, with 43.9% support compared with 33.4% for ND. Under Greek electoral law, Pasok was awarded 160 seats in parliament, thereby gaining an absolute majority. The election was a serious defeat for ND, which has never before posted such poor results. Exasperated by ND's policy paralysis, the ND government's embroilment in corruption allegations and the economy's rapid deterioration, many voters supported Pasok because it was seen as the only alternative to the status quo. However, over half of respondents in opinion polls just before the elections stated they did not think the socialists were ready to return to government.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) 2.90 -2.50 .30
Consumer Price Inflation (av;%) 4.14 1.00 1.30
Budget Balance (% of GDP) -5.00 -12.40 -13.70
Current-Account Balance (% of GDP) -14.32 -11.50 -11.20
Exchange Rate US$:Euro (av) .68 .72 .70
Exchange Rate US$:Euro(year-end) .72 .68 .72

Greece GDP PPP & GDP Growth Rates
2004 - 2008
Greece GDP Growth Rate Chart

Year GDP in Billions of USD PPP % GDP Growth
2004 267.57 4.90
2005 281.47 2.90
2006 303.25 4.50
2007 323.00 4.00
2008 339.57 2.90
Source: EIU Country Data

Greece: risk assessment
Risk July 2009
Sovereign risk BBB
Currency risk A
Banking sector risk BBB
Political risk A
Economic structure risk BBB
Featured Economic Reports
Largest Public Companies in Greece
Alacra Alerts:  Greece RSS Feed  Subscribe with My Yahoo! Receive alerts on the latest reports on Greece
Subscribe to Alacra Alerts via RSS and never miss the latest research on your favorite companies. Just click the images below to add the feed directly to your favorite newsreader.
Premium Content Results:

Search for more premium content on Greece