Tuesday, April 17, 2012

Greek Economy



There are three areas of the economic structure in Greece: service, industry, and agriculture. The largest being service sector because of tourism.
The service sector brought in 75.8% of the GDP in 2009 and employed 65% citizens.
The industry sector that includes mining, petroleum, textiles, and transportation, brings in about 20% of the GDP and emploiys 22% or workers. Lastly, the agriculture sector is 3.4% of the GDP because most of Greece is no longer cultivable. Olive oil is the largest product from agriculture.

The current recession in Greece is causing unemployment in all sectors but most importantly the service sector because tourism is down due to public debt.

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