Greece: Facts & Stats

ECONOMY

Maritime industry:

The shipping industry is a key element of Greek economic activity dating back to ancient times. Today, shipping is one of the country's most important industries. It accounts for 4.5% of GDP, employs about 160,000 people (4% of the workforce), and represents 1/3 of the country's trade deficit.

During the 1960s, the size of the Greek fleet nearly doubled, primarily through the investment undertaken by the shipping magnates Onassis and Niarchos. The basis of the modern Greek maritime industry was formed after World War II when Greek shipping businessmen were able to amass surplus ships sold to them by the United States Government through the Ship Sales Act of the 1940s.

According to the BTS, the Greek-owned maritime fleet is today the largest in the world, with 3,079 vessels accounting for 18% of the world's fleet capacity (making it the largest of any other country) with a total dwt of 141,931 thousand (142 million dwt). In terms of ship categories, Greece ranks first in both tankers and dry bulk carriers, fourth in the number of containers, and fourth in other ships. However, today's fleet roster is smaller than an all-time high of 5,000 ships in the late 70's.

Agriculture:

Greek agriculture is based on small-sized family-owned dispersed units, while the extent of cooperative organization stays at low comparative levels, against all efforts that have been taken in the last 30 years, mainly under European Union supervision. Greek agriculture employs 528,000 farmers, 12% of the total labor force. It only produces 3.6% of the national GDP (about $16 billion annually). A large number of the country's immigrants are employed in the agricultural sector of the economy, as well as construction and public works.

Currently, Greek agriculture is heavily subsidized by the Common Agricultural Policy (CAP), with controversial results. Certain deductions of subsidies are planned within the next decade.

Greece produces a wide variety of crops and livestock products. Fisheries are also playing an important role while forestry plays a secondary role.

Science and Tecnology:

Broadband internet availability is widespread in Greece; approximately 15.6% of the general population have broadband connections to the internet, mainly ADSL2. Internet cafes that provide net access, office applications and multiplayer gaming are also a common sight in the country, while mobile internet on 3G cellphone networks and public wi-fi hotspots are existent, but not as extensive.

Because of its strategic location, qualified workforce and political and economic stability, many multinational companies such as Ericsson, Siemens, SAP, Motorola and Coca-Cola have their regional R&D Headquarters in Greece.

The General Secretariat for Research and Technology of the Hellenic Ministry of Development is responsible for designing, implementing and supervising national research and technological policy.

In 2003, public spending on R&D was 456.37 million euros (12.6% increase from 2002). Total research and development (R&D) spending (both public and private) as a percentage of GDP has increased considerably since the beginning of the past decade, from 0.38% in 1989, to 0.65% in 2001. R&D spending in Greece remains lower than the EU average of 1.93%, but, according to Research DC, based on OECD and Eurostat data, between 1990 and 1998, total R&D expenditure in Greece enjoyed the third highest increase in Europe, after Finland and Ireland.

Greece's technology parks with incubator facilities include the Science and Technology Park of Crete (Heraklion), the Thessaloniki Technology Park, the Lavrio Technology Park and the Patras Science Park.Greece has been a member of the European Space Agency (ESA) since 2005. Cooperation between ESA and the Hellenic National Space Committee began in the early 1990s. In 1994, Greece and ESA signed their first cooperation agreement. Having formally applied for full membership in 2003, Greece became ESA's sixteenth member on 16 March 2005. As member of the ESA, Greece participates in the agency's telecommunication and technology activities, and the Global Monitoring for Environment and Security Initiative.

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