Greece

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 Tesla and SpaceX is currently worth $219.9 billion, while the nation of Greece's GDP is...

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 released this week by INSETE, the research department of the Greek Tourism Confederation. This represents an...

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 2019 and 2020 after an 1.9 percent growth rate in 2018. These latest figures come...

The importance of sea tourism for Greece's economy was once again affirmed, in data released by the Institute of the Greek Tourism Confederation (INSETE). According to these figures, sea tourism, including sea cruises, yachting, and shipping, accounted for approximately...

According to the final figures for 2017 released by Greece’s Statistics Authority (ELSTAT), Greek GDP increased by €3.75 billion ($4.20 billion). This increase is attributed to economic growth in Greece during 2017. Specifically, the Greek GDP rose from €176.48 billion...

  Greece has vowed to keep its primary budget surplus -- the balance before debt servicing -- at 3.5 percent of GDP until 2022 according to a document released describing the country's post-bailout strategy. The 106-page document, which was presented at...

New data has revealed that Greece's economy grew again last October-December, a fourth consecutive period of quarter-on-quarter growth. ELSTAT, Greece's official statistics agency, said on Monday that GDP went up 0.1 percent in Q4 2017, but the speed of growth...

The size of Greece's underground economy -- where transactions take place out of the radar of tax authorities -- is estimated to be about one quarter of the country's official GDP, according to University of Macedonia Professor Vassilis Vlachos. The...

Greece's 'shadow economy' ranks first in the world estimated at 21.5% of gross domestic product, a study by the Institute for Applied Economic Research at the University of Tübingen in Germany (IAW) says. The study, which is published in Forbes, defines...

Greeks' present net wealth, excluding loans, was 856 billion euros, from 1,023 billion in 2009 -- before the Greek debt crisis -- and 683 billion euros in 2000 before the country entered the Eurozone, according to Credit Suisse data...

Foreign envoys are set to return to Athens to resume talks about Greece's austerity measures on November 14. They will discuss the alleged budget gap that they claim is looming over Athens as well as push for more austerities;...

Greece achieved a primary surplus of 0.7% of GDP in 2015, a European Commission spokeswoman said on Thursday. After the EU statistics office released data on its member states' budgets, Greece had a primary budget surplus before debt service in...

Eurostat released its second estimate for the European Union and the Eurozone's economic performance for the third quarter of 2015, in which Greece's downturn stands out. While the Eurozone grew by 0.3% from the second quarter of 2015, and the...

Eurozone governments agree that debt relief for Greece should be accomplished by capping its debt servicing costs at 15 percent of gross domestic product, Reuters says. Eurozone President Jeroen Dijsselbloem, said on Thursday that debt easing can be discussed only after...

The Organization for Economic Cooperation and Development published new data on Tuesday that highlights, among other figures, the negative performance of the Greek economy in the last eight years between the first quarters of 2007 and 2015. The initial decline in Greece's various economic indexes...