The Gross Domestic Product (GDP) in Greece expanded 1 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Greece averaged 0.94 percent from 1996 until 2019, reaching an all time high of 6.80 percent in the fourth quarter of 2003 and a record low of -10.30 percent in the first quarter of 2011. In Greece, household consumption is the main component of GDP and accounts for 72 percent of its total use, followed by government expenditure (20 percent) and gross fixed capital formation (12 percent). Exports of goods and services account for 33 percent of GDP while imports account for 35 percent, subtracting 2 percent of total GDP. This page provides the latest reported value for - Greece GDP Annual Growth Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Unemployment Rate in Greece decreased to 16.10 percent in February from 16.20 percent in January of 2020. Unemployment Rate in Greece averaged 16.28 percent from 1998 until 2020, reaching an all time high of 27.90 percent in July of 2013 and a record low of 7.40 percent in May of 2008. In Greece, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Greece Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Employment Rate in Greece increased to 83.04 percent in February from 82.81 percent in January of 2020. Employment Rate in Greece averaged 83.06 percent from 2004 until 2020, reaching an all time high of 93.28 percent in May of 2008 and a record low of 71.29 percent in November of 2013. In Greece, the employment rate measures the number of people aged 15 to 74 who have a job as a percentage of the labour force from the same age group. This page provides - Greece Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Greece stands at BB- with stable outlook. Moody's credit rating for Greece was last set at B1 with stable outlook. Fitch's credit rating for Greece was last reported at BB with stable outlook. DBRS's credit rating for Greece is BB (low) with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Greece thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Greece as reported by major credit rating agencies.

The Social Security Rate For Companies in Cyprus stands at 8.30 percent. Social Security Rate For Companies in Cyprus averaged 10.03 percent from 2006 until 2019, reaching an all time high of 11.50 percent in 2014 and a record low of 7.80 percent in 2017. In Cyprus, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Cyprus because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Cyprus Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Cyprus stands at 19 percent. Sales Tax Rate in Cyprus averaged 16 percent from 2000 until 2020, reaching an all time high of 19 percent in 2014 and a record low of 10 percent in 2001. In Cyprus, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Cyprus. This page provides - Cyprus Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Cyprus expanded 3.20 percent in the fourth quarter of 2019 over the same quarter of the previous year. GDP Annual Growth Rate in Cyprus averaged 2.53 percent from 1996 until 2019, reaching an all time high of 7.20 percent in the fourth quarter of 2016 and a record low of -7.50 percent in the second quarter of 2013. Services including tourism, financial services, and real estate are considered as the backbone of the Cyprus economy, accounting for nearly 80 percent of GDP. Industry accounts for only 10 percent and agriculture for 2 percent. On the expenditure side, household consumption is the main component of GDP and accounts for 70 percent of its total use, followed by government expenditure (16 percent) and gross fixed capital formation (11 percent). Exports of goods and services account for 55 percent of GDP while imports account for 53 percent, adding 2 percent of total GDP. This page provides - Cyprus GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Employment Rate in Cyprus increased to 71 percent in the fourth quarter of 2019 from 70.80 percent in the third quarter of 2019. Employment Rate in Cyprus averaged 67.17 percent from 2000 until 2019, reaching an all time high of 71.50 percent in the fourth quarter of 2007 and a record low of 60.90 percent in the first quarter of 2014. In Cyprus, the employment rate measures the number of people who have a job as a percentage of the working age population. This page provides - Cyprus Employment Rate- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Unemployment Rate in Cyprus increased to 6.70 percent in March from 5.80 percent in February of 2020. Unemployment Rate in Cyprus averaged 7.80 percent from 2000 until 2020, reaching an all time high of 16.50 percent in March of 2014 and a record low of 3 percent in March of 2002. In Cyprus, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Cyprus Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Standard & Poor's credit rating for Cyprus stands at BBB- with stable outlook. Moody's credit rating for Cyprus was last set at Ba2 with positive outlook. Fitch's credit rating for Cyprus was last reported at BBB- with stable outlook. DBRS's credit rating for Cyprus is BBB (low) with positive outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Cyprus thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Cyprus as reported by major credit rating agencies.

International migration fell in 2009, reflecting lower demand for workers in OECD countries for the second consecutive year after a decade of growth, according to a new OECD report.

The problems of Japanese agriculture – in particular low productivity and the prevalence of part-time farmers and small plots have been evident for the past 50 years.

OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved the environment for entrepreneurship significantly, but in the same period its economic performance has deteriorated noticeably.

This report provides a framework to understand the changing relationships between urban and rural areas. Specifically, it documents the characteristics of these partnerships and the factors that can hinder as well as enable rural-urban co-operation.

The global economy is expected to continue expanding at a moderate pace over the coming two years, but policymakers must ensure that instability in financial markets and underlying fragility in some major economies are not allowed to derail growth, according to the OECD’s latest Economic Outlook.

The Norwegian economy is performing well, generating inclusive growth, strong social mobility and low unemployment. But to ensure future prosperity, Norway must continue with growth-enhancing reforms while ensuring financial stability, according to the OECD’s latest Economic Survey of Norway.

This study reviews the existing literature on the link between economic policies and economic stability at the firm and household level. Based on firm-level and household-level data for a wide range of OECD countries, it also provides preliminary results on sources and patterns of microeconomic volatility.

Unfavourable demographic trends in many OECD countries threaten the sustainability of potential labour resources, GDP growth and fiscal positions. One factor that is expected to mitigate these trends is continued inflows of migrant workers from low income economies.

Economists have traditionally been very cautious when studying the interaction between employment and health because of the two-way causal relationship between these two variables: health status influences the probability of being employed and, at the same time, working affects the health status.

This paper studies the association between US long term interest rates and cycles of capital flows to emerging market economies (EMEs). It finds that, indeed, cycles in capital flows to EMEs are linked to global conditions, including global risk aversion and long term interest rates in the United States.

This paper uses data from the American Life Panel to understand the determinants of well-being in the United States during the Great Recession. It investigates how various dimensions of subjective well-being reflected in the OECD Better Life Framework impact subjective well-being.

The EU Single Market remains fragmented by complex and heterogeneous rules at the EU and national levels affecting trade, capital, including foreign direct investment, and labour mobility.

A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.

One-half of Korea's population aged 65 and over lives in relative poverty, nearly four times higher than the OECD average of 13%. Elderly poverty is thus an urgent social problem.

Economic recovery is picking up in the Slovak Republic, but regional disparities and high unemployment must be addressed to ensure balanced inclusive growth over the long-term, according to the latest OECD Economic Survey of the Slovak Republic.

Angel Gurría, Secretary-General of the OECD congratulated the newly elected President of Indonesia, Joko Widodo, for taking a bold first step in his economic reform agenda by substantially cutting fuel subsidies.

The underlying strengths of the Estonian economy have helped it bounce back from the crisis, but some challenges remain to finding a steeper, more inclusive and more sustainable growth path, according to the latest OECD Economic Survey of Estonia.

Recent episodes of large exchange rate movements, such as for Japan or the United Kingdom, have typically not been associated with large changes in trade balances and despite the polarisation of international investment positions large currency fluctuations during the global crisis of 2008-09 did not cause significant financial dislocations.

Low oil prices and monetary easing are boosting growth in the world’s major economies, but the near-term pace of expansion remains modest, withabnormally low inflation and interest rates pointing to risks of financial instability, according to the OECD’s latest Interim Economic Assessment.

The Indonesian economy has enjoyed strong and stable growth over the past decade and a half, leading to impressive reductions in poverty and major improvements in living standards. But challenges remain to continue to converge towards higher-income countries, according to the latest OECD Economic Survey of Indonesia.

Improving the labour market performance of immigrants requires a two-fold strategy. First, policies specific to migrants need to be enhanced. Second, general reforms to improve the functioning of the economy, desirable in any case, could also have a significant positive impact on immigrants.

This paper compares two competing empirical specifications across all OECD economies, where competing specifications correspond to the 'former' and 'new' specification for deriving measures of the unemployment gap which underlie the OECD’s Economic Outlook projections.

The current low interest rate environment poses a significant risk for the long-term financial viability of pension funds and insurance companies, as they seek to generate sufficient returns to meet promises, according to a new OECD report.

Excessive credit growth, poor risk assessment and lax lending standards in the run up to the 2008 global crisis led to unsustainable debt build-up in banks and related corporates.

This survey highlights the key results of the empirical literature concerning the costs of flexibility-enhancing reforms in product and labour markets.

Austria has a model of "separate gender roles" in work, family and life arrangements which persists despite efforts to better balance these roles.

Latin America’s GDP growth slowdown deepened and is expected to be negative in 2015. For a second consecutive year, Latin America falls behind the average growth of OECD countries after a full decade of convergence with advanced economies, according to the Latin American Economic Outlook 2016.

This paper investigates the impact of policies and institutions on health expenditures for a large panel of OECD countries for the period 2000-10.

Italy’s low employment rate is associated with adverse labour market dynamics characterised differently across different categories of people.

Inequality measures in Lithuania (like in Estonia and Latvia) are high. To an important extent this is related to the high risk of poverty for non-working individuals and to the low rewards to work. Therefore, increasing the quality of jobs, ensuring that the most vulnerable have access to employment and providing adequate income support for those that have lost their job are key for making labour markets and the economy more inclusive.

To continue catching up with living standards in other OECD countries Poland needs to invest in higher skills.

The Czech Republic needs new reforms to boost productivity, improve economic growth and accelerate convergence toward the levels of income and well-being seen in the most advanced European countries, according to a new OECD report.

The ECB, the Bank of Japan and five other central banks in Europe have applied negative interest rates on commercial banks’ reserves. This additional monetary policy stimulus, following large asset purchases by central banks in some of these areas, should boost the economy and thus raise inflation closer to target.

Leaders of the G20 countries meeting at their Summit in Hangzhou, China, have called on the OECD to help develop an agenda to build a stronger, more innovative and inclusive world economy.

This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity.

This paper surveys a broad range of studies and highlights the main findings of the empirical literature regarding business finance and productivity.

Mexico’s structural reforms are already boosting productivity, but more can be done.

International cooperation is now more critical than ever, OECD Secretary-General Angel Gurría said following a G20 Leader’s Summit marked both by controversy but also advances on a range of policies to tackle global challenges.

OECD unemployment rate stable at 5.9% in May 2017

OECD unemployment rate stable at 5.8% in July 2017