http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/greece/current-account-to-gdpGreece reported a Current Account deficit of 9.8 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2010, Greece Current Account to GDP averaged -5.3400 Percent reaching an all time high of -0.1000 Percent in December of 1994 and a record low of -14.7000 Percent in December of 2008. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page includes a chart with historical data for Greece Current Account to GDP. EurostatFri, 25 May 2012 18:32:00 GMThttp://www.tradingeconomics.com/greece/consumer-confidenceIn Greece, consumer confidence improved to -78.7 in April of 2012 from -79.3 in March of 2012. Historically, from 2006 until 2012, Greece Consumer Confidence averaged -50.2100 reaching an all time high of -22.0000 in October of 2007 and a record low of -83.8000 in October of 2011. In Greece, The Foundation for Economic and Industrial Research (IOBE) Consumer Confidence Indicator measures the level of optimism that consumers have about the performance of the economy. Generally consumer confidence is high when the unemployment rate is low and GDP growth is high. Measures of average consumer confidence can be useful indicators of how much consumers are likely to spend. This page includes a chart with historical data for Greece Consumer Confidence.European Commission/IOBEFri, 25 May 2012 13:14:00 GMThttp://www.tradingeconomics.com/greece/business-confidenceIn Greece, business confidence improved to 70.4 in December of 2011 from 68.6 in November of 2011. Historically, from 2006 until 2011, Greece Business Confidence averaged 85.4400 reaching an all time high of 111.2000 in April of 2007 and a record low of 60.4000 in March of 2009. The Foundation for Economic and Industrial Research (IOBE) economic climate index is based on business expectations covering industry, construction, retail trade and services. Business confidence surveys can provide useful signs about the current condition of the economy, because companies often have information about consumer demand sooner than government statisticians do. This page includes a chart with historical data for Greece Business Confidence.The Foundation for Economic and Industrial Research (IOBE)Thu, 17 May 2012 18:32:00 GMThttp://www.tradingeconomics.com/greece/gdp-growth-annualThe Gross Domestic Product (GDP) in Greece contracted 6.20 percent in the first quarter of 2012 over the same quarter of the previous year. Historically, from 2001 until 2012, Greece GDP Annual Growth Rate averaged 1.2100 Percent reaching an all time high of 7.4000 Percent in June of 2006 and a record low of -8.6000 Percent in December of 2010. The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. This page includes a chart with historical data for Greece GDP Annual Growth Rate.Hellenic Statistical AuthorityTue, 15 May 2012 10:20:00 GMThttp://www.tradingeconomics.com/greece/unemployment-rateThe unemployment rate in Greece was last reported at 21.7 percent in February of 2012. Historically, from 1998 until 2012, Greece Unemployment Rate averaged 11.1100 Percent reaching an all time high of 21.8000 Percent in January of 2012 and a record low of 7.2000 Percent in June of 2008. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Greece Unemployment Rate.Hellenic Statistical AuthorityThu, 10 May 2012 12:17:00 GMThttp://www.tradingeconomics.com/greece/industrial-productionIndustrial Production in Greece decreased 8.50 percent in March of 2012. Historically, from 2000 until 2012, Greece Industrial Production averaged -1.6500 Percent reaching an all time high of 11.9000 Percent in March of 2000 and a record low of -13.7000 Percent in January of 2009. Industrial production measures changes in output for the industrial sector of the economy which includes manufacturing, mining, and utilities. Industrial Production is an important indicator for economic forecasting and is often used to measure inflation pressures as high levels of industrial production can lead to sudden changes in prices. This page includes a chart with historical data for Greece Industrial Production.Hellenic Statistical AuthorityThu, 10 May 2012 12:16:00 GMThttp://www.tradingeconomics.com/greece/inflation-cpiThe inflation rate in Greece was recorded at 1.90 percent in April of 2012. Historically, from 1960 until 2012, Greece Inflation Rate averaged 9.4900 Percent reaching an all time high of 33.7000 Percent in January of 1974 and a record low of -2.1000 Percent in February of 1962. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Greece Inflation Rate.Hellenic Statistical AuthorityWed, 09 May 2012 11:53:00 GMThttp://www.tradingeconomics.com/greece/retail-salesRetail Sales in Greece decreased 1.70 percent in February of 2012 over the previous month. Historically, from 1995 until 2012, Greece Retail Sales averaged 0.1200 Percent reaching an all time high of 6.3000 Percent in October of 1999 and a record low of -11.0000 Percent in April of 2010. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Greece Retail Sales.EurostatFri, 04 May 2012 16:50:00 GMThttp://www.tradingeconomics.com/greece/government-debt-to-gdpGreece recorded a Government Debt to GDP of 165.30 percent of the country's Gross Domestic Product in 2011. Historically, from 1980 until 2011, Greece Government Debt To GDP averaged 84.4500 Percent reaching an all time high of 165.3000 Percent in December of 2011 and a record low of 22.6000 Percent in December of 1980. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Greece Government Debt To GDP.EurostatFri, 04 May 2012 15:46:00 GMThttp://www.tradingeconomics.com/greece/government-budgetGreece reported a Government Budget deficit equal to 9.10 percent of the country's Gross Domestic Product in 2011. Historically, from 1995 until 2011, Greece Government Budget averaged -6.8900 Percent of GDP reaching an all time high of -3.2000 Percent of GDP in December of 1999 and a record low of -15.6000 Percent of GDP in December of 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Greece Government Budget.EurostatFri, 04 May 2012 15:45:00 GMThttp://www.tradingeconomics.com/greece/retail-sales-annualRetail Sales in Greece decreased 13.00 percent in February of 2012 over the same month in the previous year. Historically, from 2001 until 2012, Greece Annual Retail Sales averaged 3.7900 Percent reaching an all time high of 17.8000 Percent in December of 2006 and a record low of -18.0000 Percent in March of 2009. A Retail sales report provides an aggregated measure of sales of retail goods over a specific time period. Retail sales are both seasonal and volatile and their importance to the overall gross domestic product varies with each country. However, the retail sales data is widely followed by investors because is only a few weeks old. This page includes a chart with historical data for Greece Annual Retail Sales.Hellenic Statistical AuthorityMon, 30 Apr 2012 18:14:00 GMThttp://www.tradingeconomics.com/greece/gdp-growthThe Gross Domestic Product (GDP) in Greece expanded 0.20 percent in the first quarter of 2011 over the previous quarter. Historically, from 2000 until 2011, Greece GDP Growth Rate averaged 0.4600 Percent reaching an all time high of 3.8000 Percent in March of 2003 and a record low of -2.8000 Percent in December of 2010. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. Greece had managed to achieve a fast-growing economy after the implementation of stabilization policies in recent years, at least, prior to the global financial crisis of 2008–2009. Greece has a predominately service economy, which (including tourism) accounts for over 70% of GDP. Greece realigned its economy as part of EU membership that began in 1981. This page includes a chart with historical data for Greece GDP Growth Rate.Hellenic Statistical AuthorityMon, 02 Apr 2012 16:14:00 GMThttp://www.tradingeconomics.com/greece/balance-of-tradeGreece reported a trade deficit on goods equivalent to 2338 Million EUR in January of 2012. Historically, from 2001 until 2012, Greece Balance of Trade averaged -2508.0200 Million EUR reaching an all time high of -1416.2000 Million EUR in August of 2003 and a record low of -4247.9000 Million EUR in July of 2007. Greece's main exports are fruit, vegetables, olive oil, textiles, steel, aluminum, cement, and various manufactured items such as clothing, foodstuffs, refined petroleum and petroleum-based products. Greece remains a net importer of industrial and capital goods, foodstuffs, and petroleum. The Trade with European Union countries (Germany, Italy, U.K.) accounts for 65% of Greek trade. This page includes a chart with historical data for Greece Balance of Trade.Bank of GreeceMon, 02 Apr 2012 16:09:00 GMThttp://www.tradingeconomics.com/greece/importsGreece imports of goods were worth 4081 Million EUR in January of 2012. Historically, from 2001 until 2012, Greece Imports averaged 3783.5600 Million EUR reaching an all time high of 5956.9000 Million EUR in July of 2008 and a record low of 2224.1000 Million EUR in August of 2003. Greece remains a net importer of industrial and capital goods, foodstuffs, and petroleum. Main import partners are European Union members (Germany, Italy, France, Netherlands, UK), Russia and China. This page includes a chart with historical data for Greece Imports.Bank of GreeceMon, 02 Apr 2012 16:08:00 GMThttp://www.tradingeconomics.com/greece/current-accountGreece reported a current account deficit equivalent to 1492 Million EUR in January of 2012. Historically, from 2000 until 2012, Greece Current Account averaged -1607.3600 Million EUR reaching an all time high of 1011.1000 Million EUR in August of 2004 and a record low of -4957.3000 Million EUR in December of 2007. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Greece Current Account.Bank of GreeceMon, 02 Apr 2012 16:07:00 GMThttp://www.tradingeconomics.com/greece/exportsGreece exports of goods were worth 1744 Million EUR in January of 2012. Historically, from 2001 until 2012, Greece Exports averaged 1277.5300 Million EUR reaching an all time high of 1915.2000 Million EUR in October of 2008 and a record low of 767.8000 Million EUR in June of 2002. Greece's main exports are fruit, vegetables, olive oil, textiles, steel, aluminum, cement, and various manufactured items such as clothing, foodstuffs, refined petroleum and petroleum-based products. Greece main export partners are Germany, Italy, United Kingdom, and United States. This page includes a chart with historical data for Greece Exports.Bank of GreeceMon, 02 Apr 2012 16:04:00 GMThttp://www.tradingeconomics.com/greece/gdp-per-capitaThe Gross Domestic Product per capita in Greece was last reported at 13574.22 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Greece is equivalent to 110 percent of the world's average. Historically, from 1960 until 2010, Greece GDP per capita averaged 9283.4900 USD reaching an all time high of 14728.8600 USD in December of 2007 and a record low of 3418.6200 USD in December of 1960. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Greece GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/greece/gdp-per-capita-pppThe Gross Domestic Product per capita in Greece was last reported at 27804.58 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Greece, when adjusted by Purchasing Power Parity is equivalent to 126 percent of the world's average. Historically, from 1980 until 2010, Greece GDP per capita PPP averaged 16779.3800 USD reaching an all time high of 29569.3700 USD in December of 2008 and a record low of 8315.4500 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Greece GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/greece/population Historically, from 1960 until 2010, Greece Population averaged 9.8700 Million reaching an all time high of 11.3300 Million in December of 2010 and a record low of 8.3300 Million in December of 1960. The total population in Greece was last reported at 11.3 million people in 2010 from 8.3 million in 1960, changing 35 percent during the last 50 years. Greece has 0.16 percent of the world´s total population which means that one person in every 612 people on the planet is a resident of Greece. This page includes a chart with historical data for Greece's Total Population. This page includes a chart with historical data for Greece Population.World BankFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/greece/interest-rateThe benchmark interest rate in Greece was last reported at 1.00 percent. Historically, from 1998 until 2012, Greece Interest Rate averaged 2.6900 Percent reaching an all time high of 4.7500 Percent in October of 2000 and a record low of 1.0000 Percent in September of 2010. Greece is a member of the Euro Area, an economic and monetary union (EMU) of European Union (EU) member states that have adopted the euro. The Euro Area benchmark interest rate stands at 1.00 percent. in the Euro Area, interest rate decisions are taken by the Governing Council of the European Central Bank. The primary objective of the ECB’s monetary policy is to maintain price stability. The ECB’s Governing Council has defined price stability as "a year-on-year increase in the Harmonised Index of Consumer Prices (HICP) for The Euro Area of below 2%. The European Central Bank is the sole issuer of banknotes and bank reserves. That means it has the monopoly supplier of the monetary base. By virtue of this monopoly, it can set the conditions at which banks borrow from the Central Bank. Therefore it can also influence the conditions at which banks trade with each other in the money market. in the short run, a change in money market interest rates induced by the Central Bank sets in motion a number of mechanisms and actions by economic agents. Ultimately the change will influence developments in economic variables such as output or prices. This page includes: Greece Interest Rate chart, historical data and news. This page includes a chart with historical data for Greece Interest Rate.European Central BankFri, 28 Oct 2011 13:56:00 GMT