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Shadow Economy in Greece at 20.9 Percent of GDP, Central Banker Says

The size of the shadow economy in Greece reaches 20.9 percent of the country's Gross Domestic Product (GDP), Bank of Greece governor Yannis Stournaras...

Greece Tops Defense Spending as Percentage of GDP in NATO

Greece is the NATO country with the highest defense spending as a percentage of GDP among all allies, including the US, data released on...

Greece’s GDP Expands by 7.7% in the Second Quarter

Greece's gross domestic product (GDP) expanded by 7.7 percent in the second quarter compared with the same period in 2021, data showed on Wednesday. According...

US in ‘Technical Recession’ as GDP Contracts for a Second Quarter

The US economy has shrunk for the second quarter in a row, triggering one definition of a “technical recession,” according to data released by...

Greece Hits Biggest Year-on-Year GDP Growth Rate in the Eurozone

Eurostat reported on Tuesday that Greece had the largest gross domestic product (GDP) growth rate in the third quarter of 2021 in the entire...

Elon Musk’s Net Worth is More than Greece’s GDP

Elon Musk's personal net worth is currently larger than Greece's gross domestic product (GDP). The businessman and engineer who is currently the CEO of...

Greece Has Third Highest Debt to GDP Ratio in the World

Greece has the third highest government debt as a percentage of gross domestic product (GDP) in the world, according to latest statistics

Tourism Now Generates Over One Quarter of Greece’s GDP

The Greek tourism industry’s direct monetary contribution to the country’s GDP came to 21.6 billion euros, or 11.7 percent, in 2018 according to data...

OECD Forecasts 2.1 Percent GDP Growth for Greece in 2019

Greece's economic recovery is expected to maintain its momentum, with the country's Gross Domestic Product (GDP) rising by 2.0 percent or slightly more in...

Greece's Public Debt Rose to 181.1 percent of GDP in 2018

Public debt in Greece and Italy grew last year, while the European bloc as a whole recorded an overall decrease in its liabilities, the...