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The economy of Greece is the 54th largest in the world, with a nominal gross domestic product (GDP) of $250.276 billion per annum. [6] In terms of purchasing power parity, Greece is the world's 55th largest economy, at $430.125 billion per annum. [6] As of 2023, Greece is the fifteenth largest economy in the European Union.
The Global price level, as reported by the World Bank, is a way to compare the cost of living between different countries. It's measured using Purchasing Power Parities (PPPs), which help us understand how much money is needed to buy the same things in different places.
Greece The index is calculated and published by the Hellenic Statistical Authority, by using a variation of the Laspeures index. [14] Until 2000, the index used to take into consideration only urban areas. [15] where : the accuracy of decimal places : the Consumer Price Index
4. Ireland Cost-of-living index: 70.5 Local purchasing power: 82.6 You might not expect Ireland to be in the top five most expensive countries, but it is.
45. Greece Cost-of-living index: 55.67 Purchasing power index: 43.68 Grocery cost index: 41.63 Healthcare quality index: 56.21 Safety index: 59.68 Peacefulness index rank: 65 Average annual ...
A lack of housing and the rising cost of living prompted the country this month to announce an increase in a tax on short-term rentals, ban new licences in central Athens and give homeowners ...
Greece is a developed country with a high standard of living and high ranking in the Human Development Index. [ 206 ][ 207 ][ 208 ] Its economy mainly comprises the service sector (85%) and industry (12%), while agriculture makes up 3%. [ 209 ]
Greece's "Dark Ages" The Greek Dark Ages were a period of economic stagnation for the Greeks after the destruction of the complex Mycenaean economic system, the loss of the widespread written script Linear B meant that development was effectively stunted and living standards deteriorated. Basic trading patterns remained however. [6]
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