Greece Country Snapshot


EIU

Greece - Economist Intelligence Unit - The Economist

DOMESTIC POLITICS: The ruling centre-right New Democracy (ND) holds a slim majority in parliament of 151 seats out of 300. ND trailed the main opposition Pasok by 4.3 percentage points in the European Parliament elections held on June 7th. Beset by allegations of corruption, and struggling to ameliorate the impact on Greece of the global recession, the government will remain fragile.

Country Forecast Overview (3 Year)
Key Indicators 2008 2009 2010
Real GDP Growth (%) 2.90 -3.00 -.90
Consumer Price Inflation (av;%) 4.14 .40 1.50
Budget Balance (% of GDP) -5.00 -6.50 -6.80
Current-Account Balance (% of GDP) -14.42 -8.80 -8.00
Exchange Rate US$:Euro (av) .68 .74 .72
Exchange Rate US$:Euro(year-end) .72 .73 .71

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 339.70 2.90
Source: EIU Country Data

Greece: risk assessment
Risk June 2009
Sovereign risk BBB
Currency risk A
Banking sector risk BBB
Political risk A
Economic structure risk BBB
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