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The extensive nationwide bus-and-ferry network has been augmented since the 1960s by the development of a flight network linking Athens with a few dozen domestic airports. The country’s main airports are in suburban Athens and Makedonía, near Thessaloníki. International airports are found also at Alexandroupoli in Thraki and Andravida in the northwestern Peloponnisos, while others service the country’s important tourist destinations on the islands. For several decades Olympic airlines was owned by the government and had a virtual monopoly on air travel within Greece, but in 2009 it was acquired by a private investment group. Meanwhile, several small, privately owned airlines began offering limited service, primarily within Greece.
In the early 21st century the saturation rate of cellular phone use was extremely high, with almost as many subscriptions as there were citizens.
Tourism:
Greece and the Greek Islands are one of the favourite tourism destinations in Europe. Every year, the country welcomes millions of visitors from all over the world.Info about tourism in Greece
Greece mainland and the Greek islands are one of the favorite holiday destinations in Europe.
In fact, Greece comes in the 15th place in the world rating of tourist destinations, since, according to the National Statistical Service of Greece, it receives more than 15 million tourists every year, after countries such as the USA, China, Spain and Great Britain.
Most tourists come to Greece from Europe, especially the EU countries, and from the USA, while fewer originate from the other continents.
Greece is a famous country, popular for its clean beaches and its long history. There are hundreds of archaeological and historical sites to visit in Greece that gloriously depict the country’s past. Its landscape is mainly mountainous and the terrain is not very fertile, except for some valleys scattered along the Greek mainland. However, Greece is surrounded by water, in particular the Aegean and the Ionian Sea. The country consists of more than 1,400 islands and islets, but only 169 of them are inhabited.
These Greek islands form, one by one, a beauty of nature. They are the most popular Greek destinations, especially in summer. Big or tiny, green or infertile, ideal for cosmopolitan or relaxing vacations, one thing is for sure: all these islands have the necessary requirements and facilities to offer you memorable vacations!
Maritime industry:
Greece Maritime Industry is one of the most developed industries of the country. The importance of the Greece Maritime Industry can be well assessed from the fact that Greece is considered to be one of the most powerful maritime countries in the world.
Factors Supporting Greece Maritime Industry:
The growth of the Maritime Industry of Greece has been supported by a number of important factors, which should be given special attention. The geography of Greece has played an important role behind the prominence of the Maritime Industry of Greece. There are countless shores and islands in this country that primarily accounts for the important of the Greece Shipping Industry
Shipping has been important for the economy of Greece from the historical days, but the real process of rapid development of the Greece Maritime Industry started after the independence of the country. It has been estimated that the present fleet structure of Greece is made up of almost 3,500 vessels, which sums up to nearly 20% of the total world fleet. The total shipping in Greece also accounts for 60% of the total European Union Shipping.
Latsis, Onassis and Niarchos are some of the important maritime companies of Greece and play an important role in the ongoing development of Greece Maritime Industry.
Trade( import and export):
At the beginning of the 21st century, about two-fifths of Greece’s trade was with the other member countries of the EU, and its main trading partners were Germany and Italy. The principal exports included food (especially fruit and nuts), clothing and apparel, machinery, and refined petroleum and petroleum-based products. Machinery and transportation equipment, chemicals and chemical products, foodstuffs, ships and boats, and crude petroleum are the country’s main imports.
The emergence of a consumer society has created a huge demand for imported consumer goods—in particular, automobiles—which has had negative consequences for the country’s balance of trade. In the early 21st century, the deficit in the balance of payments was offset by borrowing, by limited foreign investment, and, to a lesser extent, by remittances from emigrants.
Overview of Economy
Greece’s economy underwent rapid growth in the post-World War II period, but it has remained one of the least developed in the European Union (EU). The country’s natural resources are limited, its industrialization process has been slow, and it has struggled with the balance of payments. Shipping, tourism, and remittances from expatriate workers are the mainstays of the economy.
Although the Greek economy traditionally has been based on free enterprise, many sectors of the economy have come under direct or, through the banks, indirect government control. This process of establishing state ownership of the economy has been associated with both right and centre-left governments; however, in the first decade of the 21st century, the centre-right government—partly in response to pressure from the EU—showed an inclination for privatizing some sectors. Trade unions, which are fragmented and highly politicized, wield significant power only in the public sector. Measures taken since the late 1980s, however, have begun to decrease the degree of state control of economic activity. Following entry into the European Economic Community, Greece became a major beneficiary of the Common Agricultural Policy, which provided subsidies to the country’s generally inefficient agricultural sector and for projects to improve its infrastructure. Rates of productivity, however, have remained low for both agriculture and industry, and the development of the country’s economy has lagged behind that of its EU partners. Unemployment, which historically has been low, grew in the last decades of the 20th century as temporary migrant workers returned to Greece and as demand for immigrant labour has declined in other European countries. Some sectors of the economy, notably shipping and tourism, have shown considerable dynamism but have been highly vulnerable to international developments.
The land within Greece is not very productive for farming. The Greeks have struggled to build a strong economy. The standard of living in Greece is lower than other European countries. Manufacturing is becoming one of the key industries. Tourism is also very important, particularly along the Aegean Sea coast. Some farming includes wheat, fruits, vegetables, olives and grapes. Some areas support goat and sheep ranching. Fishing also continues to be an important industry.
Analysis of Greece Economy:
GDP (PPP) : $318.1 billion (2010 est.)
Per Capita Income: $29,600 (2010 est.)
The Growth Rate: -4.5% (2010 est.)
Inflation rate : 4.7% (2010 est.)
Unemployment rate: 12.5% (2010 est.)
GDP - composition by sector: agriculture: 3.3%, industry: 17.9% services: 78.8% (2010 est.)
Natural resources available in Greece are Bauxite, lignite, oil, marble.
Agriculture (3.3% of GDP): Products--sugar beets, wheat, maize, tomatoes, olives, olive oil, grapes, raisins, wine, oranges, peaches, tobacco, cotton, livestock, dairy products.
Manufacturing (17.9% of GDP): Types--processed foods, shoes, textiles, metals, chemicals, electrical equipment, cement, glass, transport equipment, petroleum products, construction, and electrical power.
Services (78.8% of GDP): Transportation, tourism, communications, trade, banking, public administration, defense.
Trade:
Exports: (2010 estimated)-- $22 billion: the products which are exported are manufactured goods, agricultural products, beverages, tobacco, petroleum products, cement, chemicals. Major markets are as follows Germany, Italy, Cyprus, Bulgaria, Turkey, U.K., France, U.S., Romania, Spain
Imports: (2010 estimated) -- $64.55 billion: basic manufactures, food and animals, crude oil, chemicals, machinery, transport equipment. Major suppliers--Germany, Italy, China, France, France, Netherlands, U.S, Russia.
Economic Survey of Greece:
Definition: This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a nation in a given year. A nation's GDP at purchasing power parity (PPP) exchange rates is the sum value of all goods and services produced in the country valued at prices prevailing in the United States. This is the measure most economists prefer when looking at per-capita welfare and when comparing living conditions or use of resources across countries |
