Greece
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About Greece
Greece is a country located in Southern Europe, bordering the Aegean Sea, Ionian Sea, and the Mediterranean Sea, between Albania and Turkey, covering an area of approximately 131,957 square kilometers. As of 2025, Greece has a population of over 10.4 million, with Greek as the official language spoken by 99% of residents. The country is predominantly mountainous, with ranges extending into the sea as peninsulas or chains of islands, and experiences a temperate climate of mild, wet winters and hot, dry summers. Athens serves as the capital, and the government operates as a parliamentary republic.
Greece has a high-income economy with a GDP of $257.14 billion and a GDP per capita of $37,800, driven by tourism, food and tobacco processing, textiles, chemicals, metal products, and petroleum. Key agricultural products include maize, wheat, olives, oranges, tomatoes, and grapes, while natural resources include lignite, petroleum, bauxite, lead, zinc, nickel, and marble. The unemployment rate has declined to 8.5% as of 2025, though labor productivity and skill shortages remain challenges. As a member of the European Union and eurozone, Greece continues to implement structural reforms to strengthen public finances and enhance banking sector resilience, with growth supported by private consumption and EU fund investments.
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Economic Overview
high-income EU and eurozone economy; growth above euro average, supported by private consumption and EU fund investments; structural reforms strengthening public finances and enhancing resilience within banking system; declining unemployment but low labor productivity and skill shortages
