Part 2A.

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Greece
2.1: Country/Economy Profiles

Key indicators
GDP (PPP int'l $) per capita, 1980–2008
Population (millions), 2008.......................................11.2
40,000 Greece OECD
GDP (US$ billions), 2008.........................................357.5
GDP per capita (US$), 2008 ..............................32,004.6 30,000

GDP (PPP) as share (%) of world total, 2008 .......0.49 20,000

10,000

0
1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008

Global Competitiveness Index

Rank Score Stage of development
(out of 133) (1–7)
GCI 2009–2010.........................................................71 ......4.0 Transition Transition
1 1–2 2 2–3 3
GCI 2008–2009 (out of 134)..................................................67 ........4.1
GCI 2007–2008 (out of 131)..................................................65 ........4.1 Factor Efficiency Innovation
driven driven driven
Basic requirements.............................................................56 ........4.5
1st pillar: Institutions ...........................................................70 ........3.8
2nd pillar: Infrastructure.....................................................47 ........4.3 Institutions
7
3rd pillar: Macroeconomic stability................................103 ........4.0 Innovation Infrastructure
6
4th pillar: Health and primary education .........................41 ........5.8
5
Business Macroeconomic
Efficiency enhancers..........................................................57 ........4.1 4
stability
sophistication
5th pillar: Higher education and training .........................43 ........4.4 3
156 6th pillar: Goods market efficiency...................................75 ........4.1 2
Health and
7th pillar: Labor market efficiency ..................................116 ........3.8 Market size 1 primary
education
8th pillar: Financial market sophistication.......................83 ........4.0
9th pillar: Technological readiness...................................53 ........3.9
Technological Higher education
10th pillar: Market size........................................................34 ........4.6 readiness and training

Innovation and sophistication factors ............................66 ........3.6 Financial market Goods market
11th pillar: Business sophistication..................................66 ........4.0 sophistication efficiency
12th pillar: Innovation..........................................................65 ........3.1 Labor market efficiency

Greece Innovation-driven economies

The most problematic factors for doing business

Inefficient government bureaucracy.........................25.3
Restrictive labor regulations .......................................14.2
Corruption.......................................................................14.0
Tax regulations ..............................................................12.0
Policy instability...............................................................8.7
Access to financing ........................................................6.5
Tax rates ...........................................................................5.0
Inadequate supply of infrastructure ............................4.8
Inadequately educated workforce...............................2.3
Poor work ethic in national labor force ......................2.3
Government instability/coups .......................................2.2
Poor public health ...........................................................0.9
Crime and theft ................................................................0.8
Inflation .............................................................................0.8
Foreign currency regulations........................................0.2
0 5 10 15 20 25 30
Percent of responses

Note: From a list of 15 factors, respondents were asked to select the five most problematic for doing business in their country/economy and to rank them
between 1 (most problematic) and 5. The bars in the figure show the responses weighted according to their rankings.

The Global Competitiveness Report 2009-2010 © 2009 World Economic Forum