Poverty and income inequality have worsened since the onset of the crisis. While the design of fiscal measures has mitigated the burden sharing of fiscal adjustment, as the recession has deepened unemployment has risen, earnings have declined and social tensions have increased.

Meeting Greece’s Minister of Development and Competitiveness Mr. Kostas Skrekas today, OECD Secretary General Angel Gurría said the Greek government’s reform programme was already showing positive results.

Boosting economic growth and investment to create jobs, improve the stability of public finances and provide an effective social safety net are crucial to help Greece recover from the profound social costs of the economic crisis, says the OECD in its latest report.

This paper takes stock of the main structural reforms that Greece has undertaken since 2010, those currently proposed and that are in the process of implementation, and quantifies the medium and long‑term effects on output.

Boosting investment in infrastructure and logistics, further liberalising the network industries, improving investment in human and knowledge-based capital to allow upgrading in the global value chains will be essential to enhance export performance.

The Greek economy is turning around lately, but it remains in a deep depression. GDP has fallen by more than a quarter between 2007 and 2015, unemployment remains extremely high at 25 percent and anchored poverty – which measures poverty relative to its pre-crisis income level – has nearly tripled between 2007 and 2014, reaching a third of the population.

Greece is finally recovering from a deep depression. In 2017 GDP expanded by 1.3%, according to initial estimates, and is projected to accelerate to 2% in 2018 and 2.3% in 2019.

Network sectors (energy, transport and communications) have undergone a process of liberalisation in Greece in more than a decade.

Employment is pivotal to strengthening Greece’s economic recovery, increasing social welfare and redressing poverty.

Aggregate investment has declined markedly over the crisis and has yet to recover. Reviving domestic and foreign investment is crucial to supporting the economic recovery, deepen Greece’s integration into global value chains and raising living standards.

Imports in Greece decreased to 4282.50 EUR Million in March from 4322.40 EUR Million in February of 2020. Imports in Greece averaged 4025.04 EUR Million from 2001 until 2020, reaching an all time high of 6219.50 EUR Million in June of 2008 and a record low of 1919 EUR Million in August of 2001. Greece main imports are crude oil (15 percent of total imports), ships, boats and floating structures (6 percent), petroleum products (6 percent), medicament (5 percent), motor vehicles (2 percent) and natural gas (2 percent). Main import partners are: Germany (11 percent of total imports), Italy (8 percent), Russia (7 percent), South Korea (6 percent) and Iraq (6 percent). This page provides - Greece Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core consumer prices in Greece increased 0.20 percent in January of 2020 over the same month in the previous year. Core Inflation Rate in Greece averaged -0.25 percent from 2010 until 2020, reaching an all time high of 3.13 percent in July of 2010 and a record low of -16.39 percent in October of 2014. In Greece, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items. This page provides the latest reported value for - Greece Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Uncertainty faced by households and firms affects economic activity. The rise in uncertainty since the beginning of the sovereign debt crisis in Greece could be one factor that has contributed to the steep and long-lasting recession. This paper presents a brief empirical analysis quantifying this phenomenon and compares it with developments in Ireland and Portugal.

This chapter discusses existing metropolitan governance arrangements in Athens-Attica, with a closer look at the governance of two strategic sectors: transport and spatial planning. It concludes with possible considerations for strengthening future policy co-ordination in the metropolitan area.

Government at a Glance 2015, published on 6 July, offers a dashboard of key indicators to help analyze international comparisons of public sector performance. Given the timing of the release, it seems appropriate to focus on Greece to gain a balanced understanding of the country's challenges and strengths.

The OECD and the Greek Government, with the support of the European Commission, today launched a collaboration project to strengthen Greece’s action plan to fight corruption.

Greece scored 48 points out of 100 on the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Index in Greece averaged 43.92 Points from 1995 until 2019, reaching an all time high of 53.50 Points in 1997 and a record low of 34 Points in 2011. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory’s score indicates the perceived level of public sector corruption on a scale of 0 (highly corrupt) to 100 (very clean). This page provides the latest reported value for - Greece Corruption Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M2 in Greece increased to 185998 EUR Million in March from 184846 EUR Million in February of 2020. Money Supply M2 in Greece averaged 103122.28 EUR Million from 1980 until 2020, reaching an all time high of 259431 EUR Million in December of 2009 and a record low of 3028 EUR Million in February of 1980. Greece Money Supply M2 includes M1 plus short-term time deposits in banks. This page provides the latest reported value for - Greece Money Supply M2 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Loans to Private Sector in Greece decreased to 72606.10 EUR Million in March from 74234.92 EUR Million in February of 2020. Loans to Private Sector in Greece averaged 49731.88 EUR Million from 1980 until 2020, reaching an all time high of 125465.21 EUR Million in June of 2010 and a record low of 2086.12 EUR Million in January of 1980. Loans to Private Sector in Greece refers to credit extended to corporations by domestic MFIs (excluding the Bank of Greece). This page provides the latest reported value for - Greece Loans to Private Sector - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Greece is the 60 least corrupt nation out of 175 countries, according to the 2019 Corruption Perceptions Index reported by Transparency International. Corruption Rank in Greece averaged 54.96 from 1995 until 2019, reaching an all time high of 94 in 2012 and a record low of 25 in 1997. The Corruption Perceptions Index ranks countries and territories based on how corrupt their public sector is perceived to be. A country or territory's rank indicates its position relative to the other countries and territories in the index. This page provides the latest reported value for - Greece Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Crude Oil Production in Greece increased to 3 BBL/D/1K in December from 2 BBL/D/1K in November of 2019. Crude Oil Production in Greece averaged 3.54 BBL/D/1K from 1994 until 2019, reaching an all time high of 11 BBL/D/1K in February of 1994 and a record low of 0 BBL/D/1K in January of 1999. This page provides - Greece Crude Oil Production - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages High Skilled in Greece decreased to 1510 EUR/Month in 2018 from 1590 EUR/Month in 2017. Wages High Skilled in Greece averaged 1610 EUR/Month from 2015 until 2018, reaching an all time high of 1710 EUR/Month in 2015 and a record low of 1510 EUR/Month in 2018. High Skilled Wages refer to highest estimate of wage of workers doing high-skilled jobs, calculated from sample of wages collected by WageIndicator surveys.

Industrial Production in Greece decreased 3.40 percent in February of 2020 over the same month in the previous year. Industrial Production in Greece averaged -0.81 percent from 2000 until 2020, reaching an all time high of 11.90 percent in March of 2000 and a record low of -13.80 percent in January of 2009. In Greece, industrial production measures the output of businesses integrated in industrial sector of the economy such as manufacturing, mining, and utilities. This page provides the latest reported value for - Greece Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Electricity Production in Greece increased to 3844 Gigawatt-hour in December from 3354 Gigawatt-hour in November of 2019. Electricity Production in Greece averaged 4343.21 Gigawatt-hour from 2008 until 2019, reaching an all time high of 5876 Gigawatt-hour in July of 2008 and a record low of 1976 Gigawatt-hour in April of 2019. This page has Electricity Production values for Greece.

Employment in Greece increased by 0.20 in December of 2019. Employment Change in Greece averaged 0.04 percent from 1995 until 2019, reaching an all time high of 3.50 percent in the first quarter of 1998 and a record low of -2.80 percent in the second quarter of 2012. In Greece, employment change refers to the quarterly change in the number of persons who work for pay or profit, or perform unpaid family work. Estimates include both full-time and part-time employment. This page provides - Greece Employment Change- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Industrial Production in Greece increased 1.50 percent in February of 2020 over the previous month. Industrial Production Mom in Greece averaged 0.17 percent from 2000 until 2020, reaching an all time high of 20.30 percent in September of 2004 and a record low of -20.50 percent in August of 2004. This page provides the latest reported value for - Greece Industrial Production MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Business Confidence in Greece decreased to 99.30 points in April from 109.40 points in March of 2020. Business Confidence in Greece averaged 102.58 points from 1985 until 2020, reaching an all time high of 120.70 points in July of 2000 and a record low of 79.30 points in August of 2015. In Greece, the Business Climate Indicator measures the current situation of the businesses and its future prospects. The survey is made by phone and covers 410 companies including sole proprietorships. The questionnaire focuses on: production trends in recent months, order books, export order books, stocks and production expectations. The indicator is computed through the estimation of a factor-model and summarizes the common information contained in the surveys. A rise in the indicator will point to an upswing in activity and an improvement in the business climate. This page provides the latest reported value for - Greece Business Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Greece 10Y Bond Yield was 2.18 percent on Friday May 8, according to over-the-counter interbank yield quotes for this government bond maturity. Historically, the Greece Government Bond 10Y reached an all time high of 41.77 in March of 2012. Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.

Greece recorded a Government Budget surplus equal to 1.50 percent of the country's Gross Domestic Product in 2019. Government Budget in Greece averaged -6.46 percent of GDP from 1995 until 2019, reaching an all time high of 1.50 percent of GDP in 2019 and a record low of -15.10 percent of GDP in 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page provides the latest reported value for - Greece Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Private Sector Credit in Greece decreased to 147608.26 EUR Million in March from 153630.52 EUR Million in February of 2020. Private Sector Credit in Greece averaged 92065.01 EUR Million from 1980 until 2020, reaching an all time high of 259292.47 EUR Million in June of 2010 and a record low of 2351.82 EUR Million in January of 1980. Private Sector Credit in Greece refers to credit extended to the private sector by domestic MFIs (excluding the Bank of Greece). This page provides the latest reported value for - Greece Private Sector Credit - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Youth Unemployment Rate in Greece increased to 35.60 percent in February from 32.40 percent in January of 2020. Youth Unemployment Rate in Greece averaged 35.48 percent from 1998 until 2020, reaching an all time high of 59.80 percent in May of 2013 and a record low of 20.20 percent in January of 2008. This page provides the latest reported value for - Greece Youth Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Import Prices in Greece decreased to 108.17 points in February from 113.48 points in January of 2020. Import Prices in Greece averaged 53.36 points from 1968 until 2020, reaching an all time high of 122.09 points in March of 2012 and a record low of 1.19 points in July of 1968. In Greece, Import Prices correspond to the rate of change in the prices of goods and services purchased by residents of that country from, and supplied by, foreign sellers. Import Prices are heavily affected by exchange rates. This page provides the latest reported value for - Greece Import Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Households Debt in Greece decreased to 53.30 percent of GDP in the fourth quarter of 2019 from 54.40 percent of GDP in the third quarter of 2019. Households Debt To GDP in Greece averaged 39.44 percent of GDP from 1994 until 2019, reaching an all time high of 65.70 percent of GDP in the first quarter of 2014 and a record low of 5.50 percent of GDP in the fourth quarter of 1994. This page provides - Greece Households Debt To Gdp- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports to Greece CMLV in Russia increased to 739.20 USD Million in February from 423.40 USD Million in January of 2020. Exports to Greece CMLV in Russia averaged 1891.59 USD Million from 2006 until 2020, reaching an all time high of 6244.60 USD Million in December of 2013 and a record low of 118.80 USD Million in January of 2009. Russia accounts for Exports to Greece using cumulative values for each year (CMLV). This page includes a chart with historical data for Russia Exports to Greece.

Producer Prices in Greece decreased 9.10 percent in March of 2020 over the same month in the previous year. Producer Prices Change in Greece averaged 2.64 percent from 1996 until 2020, reaching an all time high of 15.57 percent in July of 2008 and a record low of -11.40 percent in February of 2016. In Greece, the Producer Price Index in Industry measures the monthly rates of change in the prices of goods that are produced in the domestic market and are sold in this market or are exported to the non domestic market. It is composed by the sub-indices of the domestic and non-domestic market. The index of the non domestic market is also sub-divided into the two market zone indices: the euro-zone and the non-euro zone index. . This page provides the latest reported value for - Greece Producer Prices Change - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The inflation rate in Greece was recorded at -1.40 percent in April of 2020. Inflation Rate in Greece averaged 8.18 percent from 1960 until 2020, reaching an all time high of 33.70 percent in January of 1974 and a record low of -2.90 percent in November of 2013. In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight. This page provides the latest reported value for - Greece Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Manufacturing PMI in Greece decreased to 29.50 points in April from 42.50 points in March of 2020. Manufacturing PMI in Greece averaged 48.27 points from 2011 until 2020, reaching an all time high of 56.60 points in April of 2019 and a record low of 29.50 points in April of 2020. The Markit Greece Manufacturing Purchasing Managers' Index measures the performance of the manufacturing sector and is derived from a survey of 350 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - Greece Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Greece recorded a government debt equivalent to 176.60 percent of the country's Gross Domestic Product in 2019. Government Debt to GDP in Greece averaged 103.34 percent from 1980 until 2019, reaching an all time high of 181.20 percent in 2018 and a record low of 22.60 percent in 1980. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page provides the latest reported value for - Greece Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Consumer Price Index in Greece decreased 0.50 percent in April of 2020 over the previous month. Inflation Rate Mom in Greece averaged 0.63 percent from 1959 until 2020, reaching an all time high of 5.98 percent in November of 1973 and a record low of -2.08 percent in August of 1974. In Greece, the most important categories in the consumer price index are: food and non-alcoholic beverages (17 percent of total weight); transport (13 percent); housing (12 percent) and hotels, cafés and restaurants (11 percent). The index also includes: clothing and footwear (9 percent); health (7 percent); furnishing and household equipment (7 percent); recreation and culture (5 percent); communication (5 percent). Education, alcoholic beverages, tobacco and other goods and services account for the remaining 14 percent of total weight. This page provides the latest reported value for - Greece Inflation Rate MoM - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Bank Lending Rate in Greece increased to 4.13 percent in March from 3.98 percent in February of 2020. Bank Lending Rate in Greece averaged 5.58 percent from 2003 until 2020, reaching an all time high of 7.40 percent in October of 2008 and a record low of 3.98 percent in February of 2020. In Greece, the bank lending rate is the average rate of interest charged on loans by commercial banks to private individuals and companies. This page provides - Greece Bank Lending Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages Low Skilled in Greece decreased to 717 EUR/Month in 2018 from 868 EUR/Month in 2017. Wages Low Skilled in Greece averaged 843.75 EUR/Month from 2015 until 2018, reaching an all time high of 913 EUR/Month in 2015 and a record low of 717 EUR/Month in 2018. This page provides - Greece Wages Low Skilled- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in Greece remained unchanged at 758.33 EUR/Month in the fourth quarter of 2019 from 758.33 EUR/Month in the second quarter of 2019. Minimum Wages in Greece averaged 693.69 EUR/Month from 1999 until 2019, reaching an all time high of 876.62 EUR/Month in the fourth quarter of 2011 and a record low of 522 EUR/Month in the second quarter of 1999. Eurostat provides national minimum wages at monthly rates, meaning that, when the minimum wage is paid for more than 12 months per year, data is adjusted to take these payments into account. For instance, for Greece, where it is paid for 14 months a year, the minimum wage is calculated as follows: (€650 x 14) / 12 = €758.33. This page provides the latest reported value for - Greece Minimum Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Mining production in Greece increased 17.80 percent in February of 2020 over the same month in the previous year. Mining Production in Greece averaged -2.14 percent from 2001 until 2020, reaching an all time high of 38.50 percent in October of 2017 and a record low of -28.30 percent in January of 2015. This page provides - Greece Mining Production- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Wages in Greece decreased to 1060.45 EUR/Month in February from 1073.07 EUR/Month in January of 2018. Wages in Greece averaged 1204.85 EUR/Month from 2002 until 2018, reaching an all time high of 1462.20 EUR/Month in August of 2011 and a record low of 939.14 EUR/Month in February of 2002. In Greece, the average monthly salary is benchmarked using wages in enterprises with 10 or more employees, including all salaried employees with full or part time employment. This page provides - Greece Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Core Consumer Prices in Greece decreased to 97.70 points in January from 100.30 points in December of 2019. Core Consumer Prices in Greece averaged 100.60 points from 2009 until 2020, reaching an all time high of 105.30 points in November of 2011 and a record low of 96.90 points in February of 2015. This page provides the latest reported value for - Greece Core Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Money Supply M1 in Greece increased to 132898 EUR Million in March from 130187 EUR Million in February of 2020. Money Supply M1 in Greece averaged 52666.62 EUR Million from 1980 until 2020, reaching an all time high of 132898 EUR Million in March of 2020 and a record low of 815 EUR Million in April of 1980. This page provides - Greece Money Supply M1 - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Exports in Greece decreased to 2494.20 EUR Million in March from 2635.20 EUR Million in February of 2020. Exports in Greece averaged 1840.53 EUR Million from 2001 until 2020, reaching an all time high of 3174.20 EUR Million in July of 2019 and a record low of 691.90 EUR Million in August of 2002. Greece main exports are petroleum products (29 percent of the total exports), aluminium (5 percent), medicament (4 percent), fruits and nuts, fresh or dried (3 percent), vegetables, prepared or preserved (2 percent) and fish, fresh or frozen (2 percent). Main export partners are: Italy (11 percent of total exports); Germany (7 percent); Turkey (7 percent); Cyprus (6 percent); and Bulgaria (5 percent). This page provides - Greece Exports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP From Mining in Greece decreased to 4752.79 EUR Million in the fourth quarter of 2019 from 5165.05 EUR Million in the third quarter of 2019. GDP From Mining in Greece averaged 5737.02 EUR Million from 1995 until 2019, reaching an all time high of 7566.45 EUR Million in the second quarter of 2007 and a record low of 4330.25 EUR Million in the first quarter of 2015. This page provides - Greece Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Money Supply M3 in Greece increased to 186482 EUR Million in March from 185676 EUR Million in February of 2020. Money Supply M3 in Greece averaged 110532.89 EUR Million from 1980 until 2020, reaching an all time high of 262054 EUR Million in September of 2009 and a record low of 3059 EUR Million in February of 1980. Greece Money Supply M3 includes M2 plus long-term time deposits in banks. This page provides the latest reported value for - Greece Money Supply M3 - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of unemployed persons in Greece decreased to 771.64 Thousand in February of 2020 from 800.54 Thousand in January of 2020. Unemployed Persons in Greece averaged 820.88 Thousand from 2004 until 2020, reaching an all time high of 1384.90 Thousand in November of 2013 and a record low of 335.60 Thousand in May of 2008. In Greece, unemployed persons are individuals who are without a job and actively seeking to work. This page provides the latest reported value for - Greece Unemployed Persons - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.