Situated at the crossroads of Europe, Africa and the Middle East, Greece has a population of around 10.7 million, of whom 3 million live in the Greater Athens area. Often called the ‘cradle of civilisation’, the origins of democracy, philosophy and science (and the word ‘economy’, of course) can all be traced to ancient Greece.
The Greek economy is larger than that of all other Balkan countries combined, and the country is an important investor in neighbouring states – principally Albania, where Greece is the second-largest total investor.
Greece adopted the Euro in 2001. Following the financial crisis of 2008, the country returned to growth in 2017.
The service sector employs around 70% of the workforce, and is responsible for 80% of Greek national GDP. Industry accounts for around 16%, and key manufacturing sectors include electronics, industrial products, textiles, chemicals and tobacco processing.
The Greek merchant navy is the world’s largest, and both shipping and fishing play important roles in the Greek economy.
Tourism has long been an important source of revenue, and today contributes around 18% of GDP. 15 million tourists visit Greece annually, making the country the 7th most visited country in Europe and the 16th most visited in the world.
HLB Hellas provides assurance, taxation, mergers and acquisitions, strategic investments, valuations and corporate governance to firms both locally and internationally.
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