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Greece achieved a real GDP growth rate of 0.8% in 2014—after five consecutive years of economic decline—but the economy contracted by 0.2% in 2015 and recorded zero growth in 2016. [ 57 ] [ 61 ] The country returned to modest growth rates of 1.5% in 2017, 2.1% in 2018 and 2.3% in 2019. [ 57 ]
In March 2021, Greece sold its first 30-year bond since the financial crisis in 2008. [31] In 2024, the Greek economy is forecast to grow nearly 3%, meaning it approaches its pre-crisis size of 2009 and far outpacing the euro zone average economic growth of 0.8%. [32]
Greece has signed two loan agreements with the IMF: a Stand-By Arrangement from 2010 to 2012 and an agreement under the Extended Fund Facility from 2012 to 2016, borrowing a total of 27,766.3 million SDR. [4] Greece owes the IMF 6,735.64 million SDR, [4] and is the fund's third-largest borrower (after Argentina and Ukraine). [5]
The amount is equivalent to more than 15% of the entire Greek economy and involves over 100 investment streams and 75 reforms, with about 60% geared toward the green transition and digitization.
This is a List of Greek subdivisions by their GDP, or gross domestic product. There are fourteen modern regions of Greece, instituted in 1987. Greece's overall GDP was $281 billion in 2012, which represents $24,505 per capita, 44th in the world. [1] The GDP per capita of the regions of Greece in 2008.
Tourists in Monastiraki Square in Athens, Greece, on Friday, June 28, 2024. Greece has so far been at the epicenter Europe's summer heat, with the country recording its hottest June day earlier ...
Today, KEPE is a leading economics research institute in Greece. It focuses on applied research projects concerning the Greek economy, and provides expert advice to the Greek government on economic and social policy issues. [1] [3] In April 2019, the Greek government formally appointed KEPE as the National Productivity Board for Greece. [4]
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