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10 Mind blowing facts about Greece's Economy

Md. Samid Razzak
Md. Samid Razzak

We all know Greece is all over the news. Here is my presentation to give you 10 mind blowing facts about Greece's economy. Enjoy. Source: Investopedia, Greece's Horizons: Reflecting on the Country's Assets and Capabilities, and Business Insider.

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10 Mind blowing facts about Greece's Economy
Greece has a history of financial troubles the country's first default occurred way back in the fourth century B.C! 1 FACT 1
2 FACT 2 Greece has spent a combined 90 years almost half of the time since its independence in financial crisis! 90
FACT 33 Corruption costs Greece about 8% to 10% of GDP per year!
4 FACT 4 Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."
5 FACT 5 49.7% of Greece's young active population is unemployed!
6 FACT 6 63.5% of Greeks between ages 18 and 34 live at home with their parents!
7 FACT 7 Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.
8 FACT 8 Greece's annual production of olive oil weighs as much as 1,575 blue whales!
9 FACT 9 An election in Greece caused the latest outbreak of drama!
10 FACT 10 The eurozone is a political project, not an economic one!

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10 Mind blowing facts about Greece's Economy

  • 2. Greece has a history of financial troubles the country's first default occurred way back in the fourth century B.C! 1 FACT 1
  • 3. 2 FACT 2 Greece has spent a combined 90 years almost half of the time since its independence in financial crisis! 90
  • 4. FACT 33 Corruption costs Greece about 8% to 10% of GDP per year!
  • 5. 4 FACT 4 Self-employed Greeks are "paying over 100% of their reported income flows to debt servicing on consumer debts."
  • 6. 5 FACT 5 49.7% of Greece's young active population is unemployed!
  • 7. 6 FACT 6 63.5% of Greeks between ages 18 and 34 live at home with their parents!
  • 8. 7 FACT 7 Greece is almost five times as big as Massachusetts(America), but Massachusetts' GDP is twice that of Greece.
  • 9. 8 FACT 8 Greece's annual production of olive oil weighs as much as 1,575 blue whales!
  • 10. 9 FACT 9 An election in Greece caused the latest outbreak of drama!
  • 11. 10 FACT 10 The eurozone is a political project, not an economic one!